KPMG Corporate Finance LLC (KPMG CF) acted as exclusive financial advisor to 700 Valve Supply, LLC (“700 Valve” or the “Company”) on its majority recapitalization by BBH Capital Partners (“BBHCP”), a private equity strategy of Brown Brothers Harriman (“BBH”).
Headquartered in Stafford, TX, 700 Valve Supply LLC (“700 Valve” or the “Company”) is a master distributor of industrial valves serving numerous industrial and energy-related applications, including oil & gas refining, petrochemicals, and power generation. The Company exclusively sells to topline distributors, which, in turn, sell to end users for maintenance, repair, and operations (“MRO”) usage. As 700 Valve is focused on exotic, hard-to-find valves, the Company’s best-in-class technical valve knowledge enables 700 Valve to effectively represent its manufacturing partners’ product lines, while serving as a value-added resource to topline distribution and end-user customers.
Keith Southard, CEO of 700 Valve, commented, “BBHCP represented the type of value-add partner we were seeking and we are very excited with this outcome. We look forward to working with BBHCP in continuing to grow 700 Valve, both organically and through acquisitions.” Matthew Spiller, 700 Valve’s President, added, “700 Valve’s history as a founder-owned and operated business aligns well with the core pillars of BBH. We believe the extensive BBH network will prove to be an important asset for our business going forward.”
“KPMG CF has deep expertise in the flow control and industrial distribution industries and was instrumental in all aspects of the transaction, proving as a trusted advisor throughout the process,” added Mr. Southard.
The global Corporate Finance practices of KPMG International’s network of independent member firms was ranked #1 as the top M&A middle-market adviser globally by Refinitiv, based on number of completed transactions, for 2018 and has been named the #1 Global Mid-Market firm and Global Private Equity Mid-Market firm, by Bloomberg M&A Advisory League Tables, for 2018.
KPMG Corporate Finance LLC was recently named Transaction Advisory Firm of the Year by The Global M&A Network, and previously named Investment Bank of the Year by The M&A Advisor. KPMG Corporate Finance LLC provides a broad range of investment banking and advisory services to its domestic and international clients.