EDSCO Fasteners, LLC | Stephens

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EDSCO Fasteners, LLC

Value Not Disclosed 07/17/2023 Power & Industrial Technology Complete
Financial Sponsors
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Transaction Details

• On July 17, 2023, MiddleGround Capital (“MiddleGround”) announced the sale of its portfolio company EDSCO Fasteners (“EDSCO”) to Commercial Metals Company (“CMC”)

• EDSCO is a leading provider of anchoring solutions for the electrical transmission market

  • EDSCO’s custom engineered line of anchor cages, bolts, and fasteners are used primarily to secure high voltage electrical transmission poles to concrete foundations
  • EDSCO serves the North American market from four manufacturing plants located in Texas, Utah, Tennessee, and North Carolina

• “This acquisition further advances CMC’s leadership position in construction reinforcement and extends our capabilities to new and growing applications,” said Barbara R. Smith, Chairman of the Board and CEO, CMC

About the company

EDSCO Fasteners, LLC

Since its founding in 1985, the company has grown to become the nation’s largest provider of anchor cages for concrete reinforcement and has developed a strong reputation for customer service and reliability.

Commercial Metals Company

Commercial Metals Company (NYSE: CMC) and its subsidiaries manufacture, recycle and fabricate steel and metal products and provide related materials and services through a network of facilities that includes seven electric arc furnace (“EAF”) mini mills, three EAF micro mills, one rerolling mill, steel fabrication and processing plants, construction-related product warehouses, and metal recycling facilities in the United States and Poland.

MiddleGround Capital

MiddleGround Capital is a private equity firm based in Lexington, KY with over $3.3 billion of Assets Under Management. MiddleGround makes control equity investments in middle market B2B industrial and specialty distribution businesses. MiddleGround works with its portfolio companies to create value through a hands-on operational approach and partners with its management teams to support long-term growth strategies.

Source: Company Filings and Press Release
  1. Source: Company Filings and Press Release

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