Delta Acquires “Lift-Off”
a leading manufacturer of custom pipe supports, piping accessories and plate products
has acquired
Background
- Evangeline Securities (“Evangeline”) was engaged by Delta Machine & Ironworks, L.L.C. (the “Company”), headquartered in Baton Rouge, LA, to execute a full buyout of “Lift-Off” Pipe Supports (“Lift-Off”)
- The Company, originally founded in 1984, is a leading manufacturer of custom pipe supports, piping accessories and plate products (“Top 100 Private Companies in Louisiana” by Greater Baton Rouge Business Report in 2024 (#89); LWCC “Safest 70”)
- “Lift-Off” Pipe Rest is a glass-reinforced composite resin pipe support providing a non-corrosive barrier between pipes and beams to eliminate corrosion, designed to meet the thermal and mechanical requirements of load-bearing supports
Process
- Evangeline evaluated multiple deal structures, eventually settling upon a logical solution for both the Company and “Lift-Off”
- Per the request of the Company, Evangeline worked on a daily basis with attorneys, accountants, management teams, etc., to efficiently close the transaction on an accelerated timeframe
Result
- The Company and Evangeline met all timing requirements to close the transaction in an expedited manner to satisfy all interested parties
- Per President John D. “Cody” Odom, III, Evangeline’s “exceptional financial advisory services were instrumental in the innovative financial structure utilized in this particularly sensible transaction that will benefit our clients in innumerable ways. We are beyond enthused with this outcome for our Company and beloved employees, but most importantly, for our loyal customers that we genuinely consider family”