Transaction
G&L Manufacturing, Inc. and G&L International, LLC have been acquired by O’Neal Industries. Cowen acted as exclusive financial advisor to G&L Manufacturing.
Client
Headquartered in Cookeville, Tennessee, G&L is a leading specialty manufacturer of small diameter, thin wall tubing in stainless steel and other specialty alloys. The Company serves customers and end users in a wide variety of end markets such as heating & cooling, power generation, energy, defense, pharmaceutical, consumer, transportation, food & beverage, and healthcare, among others. G&L’s proprietary metal forming and seam welding technology, developed in-house over the last three decades, delivers precise dimensional control and consistent weld integrity. The Company produces a wide variety of tubing to various ASTM standards to suit its customers’ specific product applications.
Buyer
O’Neal Industries is the largest family-owned network of metals service centers and component manufacturers in the United States. Composed of six leading brands and generating sales of $2.6 billion in 2018, O’Neal is based in Birmingham, Alabama, and has more than 80 specialized facilities throughout North America, Europe and Asia.
Contact
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