Moore & Van Allen PLLC is pleased to announce that its client, Warren Equity Partners, a lower middle market private equity fund, has acquired Superior Industrial Maintenance Company (SIMCO), a Concord, North Carolina-based company that provides corrosion protection services for mission critical assets in the infrastructure sector. Moore & Van Allen Corporate members Richard M. Bange IIIand Michael R. Miller, along with Corporate associate Stacy G. Grant, led Warren Equity through the successful deal.
In the arrangement, SIMCO will serve as a platform investment in Warren Equity’s strategy to build a leading industrial coating services company. Financial terms of the transaction are not being disclosed.
SIMCO provides specialty industrial services to critical assets in power plants, chemical plants, commercial aviation facilities, military bases, food and beverage processing facilities, and water treatment facilities. SIMCO’s primary asset protection services include industrial coatings and lining applications, inspection and maintenance services, and lead and asbestos abatement. The company also offers proprietary bacteria and chemical resistant coatings for the food and beverage market. Their broad suite of services allows customers to fully migrate non-core maintenance, repair, and overhaul services into SIMCO’s outsourced maintenance programs.
The transaction is Warren Equity Partners’ eleventh acquisition since its formation in mid-2015.
About Moore & Van Allen
Moore & Van Allen PLLC (www.mvalaw.com), founded in 1950, has over 300 attorneys. Ranked in the prestigious “Am Law 200” list, Moore & Van Allen has offices in Charlotte and Research Triangle, North Carolina, and Charleston, South Carolina. The attorneys at Moore & Van Allen provide sophisticated legal services within their nationally recognized Litigation, Corporate, Finance and Intellectual Property law practices for international banks and manufacturers, energy leaders, private equity funds, and growing healthcare and technology companies. The firm is composed of 24 primary industry and practice groups. U.S. News & World Report and Best Lawyers recognized Moore & Van Allen in their 2018 “Best Law Firms” rankings, both regionally and nationally.
About Warren Equity Partners
Warren Equity Partners is a private equity firm that invests in small and middle market operating companies primarily in North America. The firm invests in established companies where additional capital and operating resources can accelerate growth, targeting companies in the industrial, infrastructure, and business services sectors. Warren Equity invests in the form of buyouts, growth equity, and recapitalizations. For more information, please visit www.warrenequity.com.
About Superior Industrial Maintenance Company
Superior Industrial Maintenance Company, Inc. established in 1992 with facilities in Concord, NC and Archdale, NC, is an industrial services provider for a variety of end markets including power generation, chemical, military and aviation fuel, food and beverage, and water. The Company’s service offering includes industrial coating and linings, inspection and maintenance services, and lead/asbestos abatement. As a testament to the Company's commitment to quality, SIMCO has over 15 NACE inspectors & 2 SSPC Concrete Coatings Inspectors on staff. SIMCO is one of the few nationwide coatings service providers that hold the following certifications: SSPC-QP1, SSPC-QP2, SSPC-QP3, SSPC-QP8, & SSPC-QS1. For more information, please visit http://gosuperior.net.
