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C.W. Downer & Co. Advises Fabrico, Inc. on Sale to EnPro Industries, Inc.

Sale of Fabrico marks third aerospace and turbine industry transaction closed by C.W. Downer team in 2014

BOSTON, February 5, 2015 – C.W. Downer & Co., a leading global middle-market investment bank, is pleased to announce that Fabrico, Inc., a portfolio company of Prudential Capital Partners, has been sold to EnPro Industries, Inc. (NYSE: NPO). The deal closed on December 19, 2014 and the transaction value was not disclosed.

Fabrico is headquartered in Oxford, MA, with additional facilities in Charlton, MA, and Greenville, SC. The company is a leading supplier of mission-critical sealing and combustion engine components for the combustion and hot path sections of industrial gas and steam turbines. Offering up to 2,000 unique parts per year, Fabrico’s products are typically made from exotic alloys, require tight tolerances and are critical to the operating efficiency of the engine with frequent replacement schedules. Its extensive engineering and production capabilities include cutting, forming, machining, welding, assembling, testing and inspecting. Fabrico will join EnPro’s Technetics group which specializes in high performance sealing products for various markets including aerospace, power generation, and oil & gas.

“Fabrico is an attractive business that generated strong buyer interest,” said R. Wade Aust, Managing Director & Partner with C.W. Downer & Co. “It was a very competitive sale process primarily involving the leading component suppliers from the aerospace and land-based turbine industry as well as private equity groups with significant sector experience. The process benefited from the current shift in strategy by many of the pure-play aerospace component suppliers who are now looking to add/increase exposure to the land-based turbine market.”

“We are very pleased to have assisted Prudential Capital Partners with this transaction,” said Chris Donegan, Director with C.W. Downer & Co. “Prudential Capital Partners was seeking a transaction that both maximized value and provided an opportunity for Fabrico to accelerate growth under new strategic ownership. I believe these goals were accomplished with the sale to EnPro Industries.”

The C.W. Downer & Co. team advising Fabrico on the divestiture included R. Wade Aust (Managing Director & Partner), Chris Donegan (Director), David Waldstein (Vice President), Jon Tetirick (Associate) and Nick Virga (Analyst). This is the third turbine and aerospace industry transaction closed by C.W. Downer & Co. in 2014.

About C.W. Downer & Co.

C.W. Downer & Co. is an independent, global investment bank offering middle-market clients a high level of personal attention coupled with 40 years of international execution experience. We provide insight, not just information. We generate value, not just transactions. With nine fully integrated offices on four continents, we consistently identify the most appropriate strategic buyer and uncover hidden acquisition targets. C.W. Downer & Co. delivers the reach of a bulge-bracket investment bank with the senior level focus of a boutique. For more information, visit http://www.cwdowner.com.

About Prudential Capital Partners

Prudential Capital Partners is the middle-market mezzanine and structured equity business of Prudential Capital Group. Prudential Capital Partners has invested more than $3.1 billion in 143 mezzanine deals since 1995 and has substantial available capital to invest with the recent closing of its fourth fund.

Prudential Capital Group has been a leading provider of private debt, mezzanine and equity securities to companies worldwide for more than 70 years. Managing a portfolio of $69.1 billion as of September 30, 2014, Prudential Capital offers senior debt and mezzanine capital, leveraged leases, credit tenant leases, and equipment finance to companies, worldwide. The global regional office network has locations in Atlanta, Chicago, Dallas, Frankfurt, London, Los Angeles, Minneapolis, Newark, N.J., New York, Paris and San Francisco. For more information, please visit www.prudentialcapitalgroup.com.

For Further Information:

R. Wade Aust, Managing Director & Partner
This email address is being protected from spambots. You need JavaScript enabled to view it.
C.W. Downer & Co.
+1 617 482 6200

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