The Business
Westcon Industries (www.westconindustries.com) is a comprehensive construction company that provides a variety of services, including pipefitting and welding, structural steel fabrication and erection, concrete installation and equipment setting, to large industrial processing facilities. The company provides large-scale construction services across the United States and internationally to a Fortune 500 client base principally engaged in petro-chemical processing, power generation, production of biofuels, railroad transportation and food processing. |
The
Industry
Westcon participates primarily within the manufacturing construction segment of the U.S. non-residential construction industry. The manufacturing construction segment consists of companies engaged in the production of petroleum and coal; chemicals and pharmaceuticals; food, beverages and tobacco; and computers, electronics and electrical components. In 2007, the value of manufacturing construction rose to $42.6 billion, a 20 percent increase over 2006. The value of manufacturing construction is projected to reach $50.3 billion in 2008, an increase of 18 percent over 2007 levels. |
The
Process
Prestwick Partners initiated this transaction and acted as exclusive financial advisor to Westcon Industries (Bismarck, North Dakota). Prestwick Partners designed an M&A process, prepared marketing materials, evaluated acquisition proposals and negotiated the transaction with private equity groups Lynch Investment Company (Dallas, Texas) and Progress Equity Partners (Dallas, Texas, and Denver, Colorado). |
