BlackArch Partners Advises on the Sale of Matco-Norca to NIBCO

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CHARLOTTE, NC (February 2, 2023) – BlackArch Partners, LLC (“BlackArch”) is pleased to announce that Matco-Norca, LLC and SVF Flow Controls, LLC (collectively, “Matco-Norca” or the “Company”) have been sold to NIBCO INC. (“NIBCO”).Matco-Norca, headquartered in Brewster, NY, is a leading provider of globally sourced, high consequence-to-cost flow control products for water-based applications.  Matco-Norca, LLC is focused on code-compliant pipe joining, valve and rough and finished plumbing products serving attractive residential, commercial and industrial end markets, such as plumbing & heating, irrigation and waterworks.  SVF Flow Controls, LLC provides, assembles and customizes valves, actuators and controls products for the industrial end market and select high-purity applications.

BlackArch was retained by Matco-Norca to serve as the Company’s exclusive financial advisor. The transaction builds upon BlackArch’s expertise and significant momentum in the specialty distribution and flow control sectors and is a further example of the firm’s focus on providing unique, tailored M&A advisory services to privately held, market-leading businesses.

Jack McDonald, President & Chief Executive Officer of Matco-Norca, commented, “BlackArch was an invaluable advisor to Matco-Norca as we searched for our next partner. Their team consistently provided thoughtful guidance at key decision points and served as an extension of our team throughout – their partnership with our management team was an instrumental aspect of our sale process that allowed us to focus on running our business while successfully completing a transaction. The Matco-Norca team is extremely appreciative of BlackArch’s deep commitment, constant professionalism and trusted counsel throughout the process.”

Separately, the Company’s Chairman stated, “We were the Company’s primary shareholder, and it was imperative to select the right advisor when we made the decision to sell the business. I had dialogue with BlackArch for several years about the flow control sector and was impressed by their deep understanding and experience. The entire BlackArch team was embedded in every detail, provided around-the-clock support and was willing to ‘roll up their sleeves’ to prepare and guide our management team and drive an exceptional outcome – I would unequivocally recommend BlackArch to any business owner seeking a truly dedicated M&A experience.”

About Matco-Norca

Matco-Norca is one of the largest branded sourcing companies for valves, fittings and faucets & plumbing products for the plumbing & heating, industrial, waterworks and irrigation markets. The Company’s broad product offering allows customers to service residential, commercial and industrial applications, and Matco-Norca provides its independent wholesale customers with a vast selection of top-quality flow control products. Headquartered in Brewster, NY, the Company has a global team and national distribution centers in California, Texas, Illinois, Georgia and New York.  To learn more, visit www.matco-norca.com.

About NIBCO

Founded in 1904, NIBCO INC. is a leading provider of valves, fittings and flow control products for commercial, industrial and institutional construction, Navy marine markets, as well as residential and irrigation markets. NIBCO is headquartered in Elkhart, IN, and operates 14 manufacturing plants located throughout the United States and globally. To learn more about the complete line of NIBCO products, visit www.nibco.com.

About BlackArch Partners

BlackArch Partners is a leading middle-market investment bank offering a full spectrum of advisory services to financial sponsors, private companies and diversified corporations.  BlackArch addresses the needs of companies with specialized services that include M&A advisory, strategic advisory and private capital solutions.  Headquartered in Charlotte, NC, BlackArch features a total of 12 industry-focused practices that cover all sectors of interest to middle-market investors.  BlackArch professionals have closed more than 400 transactions in 16 countries on four continents.  To learn more, visit www.blackarchpartners.com.Securities offered through BlackArch Securities LLC. Member FINRA and SIPC. Testimonials may not be representative of the experience of all clients. Testimonials are not a guarantee of future performance or success.