Alleghany Capital’s W&W|AFCO Steel acquires Hirschfeld Industries
Alleghany Capital Corporation, a subsidiary of Alleghany Corporation, today announced that WWSC Holdings LLC has acquired the Hirschfeld Industries group of companies. Headquartered in San Angelo, Texas, Hirschfeld is a leading fabricator of steel bridges and structural steel for stadiums, airports, and other large commercial and industrial projects.
Rick Cooper, President & CEO of W&W|AFCO, commented, "The acquisition of Hirschfeld brings together two great companies with long histories in the bridge and fabricated steel markets. Together, W&W|AFCO and Hirschfeld will have 14 production facilities, approximately 3.5 million square feet of manufacturing capacity, and a team of talented employees capable of executing the most demanding and complex projects. We welcome Hirschfeld to the W&W|AFCO family and believe that our two companies will be much stronger together, benefiting our customers, vendors, employees, and the communities in which we work and live."
Dennis Hirschfeld, the Company's Vice Chairman, added, "Hirschfeld, which was founded in 1946, is one of the largest fully integrated fabricators of highly engineered structural steel in North America. Our dedicated team has completed significant projects in recent years, including SunTrust Park, home of the Atlanta Braves, The Louis Armstrong New Orleans International Airport, and the Tappan Zee Bridge replacement. We are excited to join W&W|AFCO and believe there is a strong strategic and cultural fit between our two companies."
David Van Geyzel, President and Chief Executive Officer of Alleghany Capital, added, "This transaction meaningfully expands W&W|AFCO's presence within its markets and is consistent with the growth strategy that Rick Cooper and Alleghany Capital developed when we formed our partnership last year. As a long-term investor, Alleghany Capital looks forward to supporting these two companies as they build upon their already impressive histories and embark on their next stage of growth together."
Willkie Farr & Gallagher LLP acted as legal counsel to W&W|AFCO. Cowen advised Hirschfeld on the transaction and Hunton & Williams LLP acted as legal counsel to the Company.
Rick Cooper, President & CEO of W&W|AFCO, commented, "The acquisition of Hirschfeld brings together two great companies with long histories in the bridge and fabricated steel markets. Together, W&W|AFCO and Hirschfeld will have 14 production facilities, approximately 3.5 million square feet of manufacturing capacity, and a team of talented employees capable of executing the most demanding and complex projects. We welcome Hirschfeld to the W&W|AFCO family and believe that our two companies will be much stronger together, benefiting our customers, vendors, employees, and the communities in which we work and live."
Dennis Hirschfeld, the Company's Vice Chairman, added, "Hirschfeld, which was founded in 1946, is one of the largest fully integrated fabricators of highly engineered structural steel in North America. Our dedicated team has completed significant projects in recent years, including SunTrust Park, home of the Atlanta Braves, The Louis Armstrong New Orleans International Airport, and the Tappan Zee Bridge replacement. We are excited to join W&W|AFCO and believe there is a strong strategic and cultural fit between our two companies."
David Van Geyzel, President and Chief Executive Officer of Alleghany Capital, added, "This transaction meaningfully expands W&W|AFCO's presence within its markets and is consistent with the growth strategy that Rick Cooper and Alleghany Capital developed when we formed our partnership last year. As a long-term investor, Alleghany Capital looks forward to supporting these two companies as they build upon their already impressive histories and embark on their next stage of growth together."
Willkie Farr & Gallagher LLP acted as legal counsel to W&W|AFCO. Cowen advised Hirschfeld on the transaction and Hunton & Williams LLP acted as legal counsel to the Company.
Posted By : Nanda Koijam on Thu, 08 Feb 2018