Capstone Partners advised Delavan Spray Technologies—a subsidiary company of Collins Aerospace Corporation—on its sale to R.W. Beckett Corporation.
In operation since 1935, Delavan is a leading designer and manufacturer of spray nozzles for fluid, diesel exhaust, and spray-drying systems. Delavan has dedicated manufacturing facilities in the U.S. and U.K. and distributors in more than 60 countries. Currently, Delavan supplies more than 30,000 different components to thousands of customers across virtually all manufacturing and processing sectors. The company will continue operating in Bamberg, South Carolina and Widnes, U.K.
Kevin Beckett, CEO, R.W. Beckett, said
“We are excited to welcome the Delavan team to our family. This acquisition deepens our commitment to the future success of the liquid fuel market as well as other key industrial segments worldwide.”
Mike Schumacher, Managing Director at Capstone, commented
“Delavan’s industrial spray nozzles are critical components to the oil heat market and other process industries, analogous to chips to the automotive industry. The process that Capstone crafted for Delavan maximized demand from parts of the market, creating an exceptional outcome for both buyer and seller, all within a 6-month time frame. This carve-out from a large publicly-traded company bears all the hallmarks of Capstone Industrials transaction—creative, thorough, aggressive, well-priced, and a pleased client.”
Tess Oxenstierna, Managing Director at Capstone, added
“Working on behalf of Collins Aerospace corporation on this transaction was an honor for Capstone and its Aerospace, Defense, Government and Security group. Working cross-border with U.K. and U.S. manufacturing facilities and all the complexities of a corporate carveout presented challenges, but they were overcome through close collaboration with the Delavan and R.W. Beckett teams.”