Class VI Partners (formerly CapitalValue Advisors “CVA”) is pleased to announce the acquisition of Casey Industrial, Inc. (“Casey”, or the “Company”) by MasTec (NYSE: MTZ), a publicly traded company. Class VI served as the exclusive financial advisor to Casey.
“It was a privilege to represent Casey and find a partner who will support the Company in its next phase of growth,” said Zack Gibson, Principal for Class VI. “The Casey team created an impressive organization and built an inspiring legacy of perseverance and success over multiple generations; we know MasTec will be a great home for the business and are enthusiastic for its continued expansion.”
Founded in 1947, Casey Industrial (https://www.caseyind.com) is a leading provider of industrial construction services across the United States focused on three end-markets – Power & Environmental, Industrial Process, and Building Products. The Company self-performs civil, structural, mechanical, piping, and electrical work on a national scale. Over Casey Industrial’s nearly 75-year history, it has developed a reputation as a dependable and innovative multi-craft, merit-based contractor able to perform fast-track and complex industrial construction projects in nearly any location throughout the United States.
With prior management experience in the industrial space, Steve Brague was promoted to CEO in 2012 and has driven market-leading growth while institutionalizing many of the Company’s processes and procedures. “Casey is pleased to be part of the MasTec family of companies. We believe this transaction will allow us to reach our full potential while maintaining our culture and values,” said Mr. Brague. “We are grateful to Class VI for guiding us through this process. Class VI provided a top-notch team that led us through a complex process that resulted in a very favorable outcome. We are very pleased with the efforts of David Tolson and his team, including Zack Gibson and Alex Woolford. We always felt like their most important client.”
The Company will continue to operate under the Casey name, providing the highest level of quality, safety, and value out of its offices in Denver, CO, Albany, OR, and Saltillo, MS.
The transaction closed on November 18, 2019. MDH Law Group served as legal counsel to Casey, and Holland & Knight served as legal counsel to MasTec.
About Class VI Partners
Class VI provides middle-market investment banking services, including mergers and acquisitions advisory, corporate advisory, business valuation, and private capital raising services through its affiliate, Class VI Securities, LLC and Member FINRA. Class VI is also affiliated with and offers wealth management services through Class VI Family Office, LLC, a Registered Investment Advisor with the Securities & Exchange Commission.
Steve Brague, CEO of Casey Industrial, is a client of Class VI Partners and is not being compensated for sharing their opinion and experience with the firm. Any compensation creates a conflict of interest. Comments by Steve Brague may not be representative of any other person’s experience with the firm and are no guarantee of future performance or success.
Additional Disclosures
Investment advisory services offered through Class VI Partners’ affiliate Class VI Family Office, LLC, a Registered Investment Adviser with the U.S Securities and Exchange Commission. Class VI Partners offers investment banking and private securities transactions through its affiliate, Class VI Securities, LLC. Class VI Securities, LLC is a registered broker/dealer and member of the Financial Industry Regulatory Authority (FINRA). Class VI Pathfinder, LLC provides general business consulting to privately held businesses. Collectively these entities are referred to herein as “Class VI”.
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