DeltaValve, TapcoEnpro and Groquip (Curtiss-Wright)

Situation

BlackArch was hired by Curtiss-Wright to advise on the divestiture of its downstream oil and gas assets, including TapcoEnpro International, DeltaValve and GROQUIP, seeking to leverage BlackArch’s deep expertise and experience in the energy and manufacturing sectors.

BlackArch’s Customized Solution

BlackArch was heavily involved throughout the marketing and diligence process due to the complexity of the divesture. BlackArch conducted detailed analyses upfront to determine the appropriate standalone financial profile of the businesses and the processes to separate it from its corporate parent. The businesses received interest from strategic buyers as well as financial sponsors, resulting in multiple options for Curtiss-Wright to pursue.

Outcome

The Curtiss-Wright businesses were acquired by affiliate of Sun Capital Partners, a global private equity firm focused on identifying companies’ untapped potential and leveraging its deep operational and financial resources to transform results.