NIBCO has sold TOLCO to Cooper B-Line
Lincoln International, a leading global middle market investment bank, has announced that TOLCO has been sold to Cooper B-Line, a subsidiary of Cooper Industries plc (NYSE: CBE), by TOLCO’s parent company, NIBCO Inc. (“NIBCO”). Financial terms of the transaction were not disclosed.
Based in Corona, California, TOLCO is a leader in the design and manufacture of highly engineered seismic bracing equipment, pipe hangers and piping support solutions for the commercial and industrial infrastructure markets. TOLCO’s product innovation and engineering expertise has positioned it as the global leader in seismic bracing and piping support solutions, particularly those that require OSHPD approval. NIBCO, headquartered in Elkhart, Indiana, is a worldwide leader in the manufacture and distribution of flow control products for the residential, commercial and industrial construction and irrigation markets.
Lincoln acted as the exclusive financial advisor to NIBCO and TOLCO, working closely with the management team and NIBCO throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.
Meet our Senior Team
View More Transactions
Any information or testimonials contained in this post may not be representative of the experience of other clients and is no guarantee of future performance or success.