Periculum Capital Company, LLC is pleased
to announce the acquisition of Pittsburg Tank & Tower Company, Elevated
Tank Division, Inc. (“Pittsburg”) by Phoenix Fabricators
and Erectors, Inc (“Phoenix”). Periculum served as Phoenix’s
exclusive financial advisor during the transaction.
Phoenix is a full turnkey producer
of elevated steel water tanks, with customers in approximately
thirty states. Late last year, Phoenix identified a potential acquisition
target which would allow the company to expand its geographic presence,
diversify its product and service offerings, and expand into different
customer markets.
After deciding to pursue the acquisition, Phoenix
retained Periculum to help determine the transaction’s feasibility,
value the target, and negotiate the deal. Periculum also advised
the company on how to restructure its balance sheet prior to the
transaction. Phoenix is now positioned as one of the largest companies
in its market, with a comprehensive product offering and a national
presence.
When working with a client on the buy-side, Periculum
pays special attention to the due diligence, indemnification, and structural
issues of a deal in addition to achieving a favorable purchase price.
This is to ensure our client has adequate financial resources to integrate
an acquisition target post-closing and to make sure there are no surprises
discovered after the transaction. We congratulate the Phoenix management
team on the success of this transaction and would be delighted to speak
with you regarding your acquisition financing, buy-side negotiation,
or recapitalization needs.
