Kortick Manufacturing Acquired by SICAME Group
June 10, 2020 – England & Company served as the exclusive financial advisor to Kortick Manufacturing in its sale to SICAME Group.
Founded in 1898 and previously owned by the Frase Family, Kortick produces and supplies electrical products and equipment for use in overhead and underground electrical networks, supplying contractors, distributors, and electric utilities on the West Coast including, Pacific Gas & Electric, Southern California Edison, and the Sacramento Utility District.
Kortick employs 75 people at its Pittsburg, California facility.
Among Kortick’s many product lines is the eco-friendly AmorGalv®, Thermal Diffusion Galvanization (TDG) process, which has helped position the company as a major supplier of hardware in support of the hardening of the electrical infrastructure in California and other states.
“We are very pleased to have partnered with England & Company for this transaction,” said Gavin Frase, President of Kortick. “England’s team was key in helping Kortick find the right partner and negotiating the terms of the transaction. The acquisition by SICAME will help Kortick continue to grow, innovate, and expand its markets.”
SICAME, based in Arnac-Pompadour, France, is a recognized world leader specialized in the production and sale of accessories & services for the transmission and distribution of electricity, as well as for electrical safety equipment, connection and associated tools. SICAME operates with 55 companies in 24 countries. Sicame is a portfolio company of Equistone Partners Europe, one of Europe’s leading mid-market private equity firms, which operates across Benelux, France, Germany, Switzerland and the UK, investing as a strategic partner alongside management teams.
About England & Company
With offices in Houston, New York, and Washington, DC, England & Company is an independent investment bank dedicated to serving middle-market companies. Since its founding in 2003, the firm has provided comprehensive advice on mergers and acquisitions, private capital raising, financial restructuring, fairness opinions, and other strategic initiatives to the executive teams, boards of directors, and financial sponsors of public and private companies.
Investment banking services are provided by England Securities LLC, a registered broker-dealer and member of FINRA and SIPC.