Cowen advises G&L Manufacturing, Inc. on its sale to O’Neal Industries

Tombstone GL oneal Transaction 2019 en
Overview

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

Photo Rob Parker

Robert S.
Parker

Managing Director and Head
Sell-Side Mergers & Acquisitions, Cowen

+1 248 9884 533
Email

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