Arzon Limited

Completed Date

2020-09-09

Sector

Industrials

Deal Type

Company sales

Value

Not disclosed

Company bio

A leading manufacturer of thin-wall HFW aluminum and brass tubes for heat exchanger manufacturers in automotive, power generation, off-road, heavy duty, and military applications

Deal Summary

Virtus Industries Inc. is delighted to announce the acquisition of Arzon Limited of Burlington, Ontario, by Virtus’s subsidiary STP Holdco Inc. (“STP”) and a direct investment into STP by Special Opportunities funds managed by Ares Management Corporation (NYSE:ARES), a leading global alternative investment manager. In addition to the Ares investment, the acquisition was made with investment and support from Drakewood Capital Management Limited, the metals industry investment specialist, and Ospraie Management, a commodity and basic industries asset management firm.

Deal Contacts

Alan Chettiar

Partner, M&A Advisory

FirePower Capital is the exclusive Canadian partner of Mergers Alliance

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