Global PMI Partners Advises Reliance Worldwide Corporation® on Integration of HOLDRITE®
Global PMI Partners, an international consultancy specializing in post merger (M&A) integration, advises Reliance Worldwide Corporation® on post merger integration for their acquisition of HOLDRITE®.
On May 15th, 2017 Reliance Worldwide Corporation® (RWC) entered into a Stock Purchase Agreement to acquire all the issued shares of Securus, Inc. (trading as HOLDRITE®). Global PMI Partners has been selected to advise RWC on integration planning and execution. See press release here.
RWC’s Chief Executive Officer, Mr. Heath Sharp, said, “The acquisition of HOLDRITE® is consistent with our strategy of acquiring businesses which deliver products complementary to our existing product range that will benefit from RWC’s extensive distribution channels or provide access for RWC’s product portfolio to new distribution channels.”
Management consultants from Global PMI Partners on the integration effort include Scott Whitaker and Stefan Hofmeyer. For further information, please contact Scott Whitaker at +1 404-431-7508, or via email at scott.whitaker@gpmip.com.
About Reliance Worldwide Corporation®:
Reliance Worldwide Corporation® is a global provider of water control systems and plumbing solutions for domestic, commercial and industrial applications. RWC U.S. operations are headquartered in Atlanta, Georgia with manufacturing and distribution based in Cullman, Alabama.
With roots dating back to 1912, the Cash Acme manufacturing operation has been in performance for over 100 years, and joined the RWC group in 2002, with the immediate benefit of combining the Cash Acme quality and history with the RWC market-leading range of thermostatic mixing valves. Cash Acme is now the world’s largest T&P valve manufacturer, and specializes in a wide-range of pressure, thermostatic and temperature control valves.
About HOLDRITE®:
The last three decades have seen HOLDRITE® evolve from a single product family business to an international corporation and acknowledged industry leader. Hundreds of millions of HOLDRITE® products have been installed into a wide variety of projects from single-family and multi-family housing to hotel, government, military, healthcare, institutional and many other market sectors. By understanding both the large project perspective and specific application requirements, HOLDRITE® has developed solutions that assist in establishing a “shop standard” for the collaborative efforts of developers, architects, engineers and contractors. Over the years, HOLDRITE® has become the industry standard for “Converting Makeshift Methods into Engineered Solutions.”℠
About Global PMI Partners:
Global PMI Partners is the only independent international organization focusing exclusively on delivering pre- and post-merger integration, separation and transformation services. With offices in 14 countries and a presence in most major business markets, Global Post Merger Integration Partners provides M&A integration expertise and senior execution resources to maximize corporate development potential.