Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
UTEX Holding, Inc., a portfolio company of Grey Mountain Partners
Sale to Audax Group
Baird served as the exclusive financial advisor to UTEX on this transaction.
UTEX Holding, Inc. (“UTEX”), a portfolio company of Grey Mountain Partners, recently announced that it has been acquired by Audax Group. Terms of the transaction were not disclosed.
UTEX, based in Houston, TX, is a leader in the design, manufacture and service of engineered fluid seals used in pumps, valves and hydraulic equipment primarily for industrial applications in the oil and gas, water treatment, chemical, power generation, pharmaceutical and food processing industries. The Company's product lines include molded elastomer (rubber) seals, compression packing, polymer composite seals, reciprocating pump packings and mechanical seals. Approximately 25% of the Company’s sales are products which are utilized in applications outside of the United States.
The Baird team included our dedicated industry bankers and members of our Financial Sponsors Group.