Mesirow Financial Advises Zenith Supply Company, Inc. on its Sale To AIV Inc.
CHICAGO, February 8, 2018 - Mesirow Financial acted as the exclusive financial advisor to Zenith Supply Company, Inc. (“Zenith Supply” or the “Company”) on its sale to AIV Inc. (“AIV”).
Headquartered in Pittsburgh, PA, Zenith Supply is a master distributor of slow-moving, mission-critical industrial steel and special alloy valves manufactured by Velan, Inc. (“Velan”), a world leader in the design and production of cast and forged severe service valves and stream traps across all major industrial markets.
Sheldon Marstine, CEO of Zenith Supply, commented, “I am thrilled to have chosen Mesirow Financial to lead us through the process of selling a family-owned business. It was important that this transaction allowed my company’s legacy to continue. Mesirow’s strong understanding of the distribution and supply chain sector and its senior level attention throughout the process resulted in a great outcome for all parties involved.”
Rocky Pontikes, managing director of Mesirow Financial’s Investment Banking group, added, “We were honored to represent Zenith Supply in this process. We advised the Company for many years leading up to the sale, and believe our efforts will help the strategic combination of Zenith and AIV to continue delivering exceptional service and quality to its customers for many years to come.”
The transaction represents another successful assignment within the distribution and supply chain sector completed by Mesirow Financial’s Investment Banking group. With extensive sector-specific expertise and deep long-standing relationships, Mesirow Financial’s team has a proven track record of completing successful transactions.
About Zenith Supply Company, Inc.
Zenith Supply Company, Inc. is a Velan valve master distributor specializing in hard-to-find and long lead time items. We supply only the best quality products through distributors. To learn more, please visit zenithsupply.com.
About AIV, Inc.
AIV is a global master distributor of high-quality valves and actuators, selling through distribution only. Established in 1991 as a resource for hard-to-find, exotic alloy and specialty valves, AIV has built a reputation as a premier master distributor in this arena, serving as a trusted resource for the oil & gas, refining, chemical, petrochemical, power, pulp & paper and water treatment industries. To learn more, please visit aivinc.com.
About Mesirow Financial
Mesirow Financial is an independent, employee-owned firm founded in 1937. As specialists in investment, risk management and advisory services, we are committed to helping our institutional, corporate and individual clients achieve their objectives. Our professionals are inspired by an entrepreneurial desire to develop tailored solutions designed to deliver measurable results. To learn more, please visit mesirow.com.
Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow investment vehicle(s). Mesirow Financial, Inc. is not affiliated with Zenith Supply Company, Inc., AIV Inc. or their affiliates. Past performance is not indicative of future results. Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.