Investment Firm Acquires Majority Stake in Steel Fabricator
05/01/2017 - New York-based investment firm Alleghany Capital Corp. has acquired a majority interest in W&W|AFCO Steel, one of the largest structural steel fabrication and erection companies in North America, the companies announced on Monday.
“We have now reached an inflection point in our company's evolution where the logical next step is to join forces with a strong financial partner to pursue the significant growth opportunities ahead,” W&W|AFCO president and chief executive Rick Cooper said in a statement.
“I am very proud of the culture of integrity and excellence that we have built since 1945, and we could not have found a better partner than Alleghany Capital, which embraces the same values and long-term perspective as W&W|AFCO Steel.”
Headquartered in Oklahoma City, Okla., the business makes structural components for large-scale projects, including stadiums and bridges.
“W&W|AFCO has an impressive history and has earned a reputation for delivering the highest quality fabricated steel products and services to demanding and complex construction projects across the country. We look forward to partnering with Rick Cooper and supporting W&W|AFCO's dedicated employees as they continue to play a vital role in building and refurbishing U.S. infrastructure," Alleghany Capital president and chief executive David Van Geyzel said in a statement.
Terms of the deal were not disclosed.
“I am very proud of the culture of integrity and excellence that we have built since 1945, and we could not have found a better partner than Alleghany Capital, which embraces the same values and long-term perspective as W&W|AFCO Steel.”
Headquartered in Oklahoma City, Okla., the business makes structural components for large-scale projects, including stadiums and bridges.
“W&W|AFCO has an impressive history and has earned a reputation for delivering the highest quality fabricated steel products and services to demanding and complex construction projects across the country. We look forward to partnering with Rick Cooper and supporting W&W|AFCO's dedicated employees as they continue to play a vital role in building and refurbishing U.S. infrastructure," Alleghany Capital president and chief executive David Van Geyzel said in a statement.
Terms of the deal were not disclosed.
