25 January 2022

Miller Johnson Represents Andronaco Industries in Sale to EagleTree Capital

The Transaction

Miller Johnson represented Michigan-based Andronaco Industries (Andronaco) in the sale of Andronaco to New York City-based private equity firm EagleTree Capital.  Headquartered in Kentwood, Michigan, Andronaco operates nine (9) global locations with a facility footprint spanning over 500,000 square feet. Andronaco has six locations in Michigan, one in Houston, Texas, a distribution facility in Baton Rouge, Louisiana, and a manufacturing facility in Unieux, France.  Andronaco manufactures pipes, valves, hoses, pumps, and other flow control products for applications that require corrosion resistant properties for end customers. Andronaco serves a diverse base of over 2,500 customers, primarily through its high-quality, global network of distribution partner relationships.

“We are thrilled to partner with EagleTree, a firm known for collaborating with founder-led companies to bring their businesses to the next level. Given EagleTree’s experience in the specialty industrial space, we are confident its team has the knowledge and expertise to help us execute on our plans for future growth and expansion,” said Ron Andronaco, President, CEO and Founder of Andronaco Industries.

Robert Fogelson, Senior Partner at EagleTree, commented, “Over the last three decades, Ron and his talented team have built Andronaco into a leading provider of specialty corrosion-resistant products and a disruptor of the industrial flow control industry. We have been impressed with their work and look forward to partnering to support the company’s next phase of growth.”

Dustin Daniels and Michael Penny led Miller Johnson’s team that included Chelsea Austin (corporate), Neil Williams (tax), Jim Ens (real estate), Grant Schertzing (environmental), Brandon Griffith (intellectual property), Nate Plantinga (employment), Tripp VanderWal (employee benefits), Jeff Gray (employee benefits) and Hunter Reams (corporate, tax).

The Parties

( Andronaco Industries is a group of global manufacturing companies specializing in innovative engineered products, specialty systems, and value-added services for the pharmaceutical, chemical, steel, wastewater and energy markets. It supports autonomous operating companies focused on meeting the demands of their customers’ requirements in ultrapure and industrial fluid management. Andronaco takes pride in exhibiting the highest ethical, moral and legal standards in the conduct of its businesses.

( EagleTree Capital is a leading New York-based middle-market private equity firm that has completed over 35 private equity investments and over 75 add-on transactions over the past 20+ years. EagleTree primarily invests in North America in the following sectors: media and business services, consumer, and water and specialty industrial.

Miller Johnson’s M&A Practice Group

Miller Johnson’s M&A practice group collaborates with clients and their advisors to structure, negotiate and close deals, and navigate the challenges that can arise in mergers, acquisitions, dispositions and other business transactions.

Miller Johnson is recognized for mergers and acquisitions with U.S. News & World Report’s Best Law Firms and Chambers USA. Our attorneys are consistently involved in deals honored as winners and finalists at the M&A Advisor’s national awards and the ACG M&A Deals and Dealmakers regional awards. For further information, please contact Dustin Daniels at (616) 831-1737.