Chartwell is pleased to announce the sale of Copperhead Industries, LLC (“Copperhead” or the “Company”) to Copperweld Group, Inc. (“Copperweld Group”), a portfolio company of Kinderhook Industries, LLC and parent company of Copperweld Bimetallics, LLC (“Copperweld”) and Seminole Wire & Cable. Chartwell acted as Copperhead’s exclusive financial advisor throughout the transaction, providing comprehensive, unbiased counsel to the shareholders on the sale of the Company.
Copperhead is a leading supplier of tracer wire and tracer wire accessories, serving a variety of public and private customers in the water, sewer, gas, and telecommunications markets. Copperhead’s unique Complete Utility Locating System™ makes detecting underground utilities more accurate and efficient. The Company is headquartered in Monticello, Minnesota. For more information about Copperhead Industries, please visit copperheadwire.com.
After years of measured and profitable growth, the Copperhead shareholders believed that in order to accelerate future growth and capitalize on favorable construction trends in the Company’s key markets, Copperhead would benefit by finding the optimal partner to support its next chapter. The shareholders chose Copperweld Group to provide the economic and strategic resources necessary to further expand Copperhead’s product offerings and geographic footprint, thus facilitating continued growth and expansion of the business.
“After discussions with Copperweld continued to escalate, we knew we needed a financial advisor with M&A expertise in our corner. Chartwell was instrumental throughout each step of the process, providing in-depth analysis and unbiased guidance. Gathering due diligence information and preparing for conversations with Copperweld was enlightening and strategic in nature. Chartwell took the lead in evaluating the unsolicited offer and educating us on our options with strategic and private equity investors. They led the negotiation process with Copperweld in this fast-paced transaction that went from an initial conversation to closing in less than 90 days. I was especially impressed with Chartwell’s expertise and guidance and the superior outcome for our shareholders and employees. We are extremely excited about the future of Copperhead and Copperweld.”
— Jeff Atwood, President, Copperhead Industries
For additional information on this transaction, please contact Wil Becker or Joe Skorczewski. For more information about our corporate finance and M&A capabilities, please contact Greg Fresh.