DATE: January 25, 2021
Nolan & Associates announced that two of its recently completed transactions have been recognized as Industrials Deal of The Year and Corporate/Strategic Deal of The Year in the 19th Annual M&A Advisor Awards. The Annual M&A Advisor Awards is the benchmark for dealmaking excellence, recognizing the leading M&A transactions, restructurings, deal financings, products/services, firms and professionals.
The “Industrials Deal of the Year” (Under $50MM) was the acquisition of Frost Electric Supply by Consolidated Electrical Distributors (CED). Nolan advised Frost Electric Supply, a six-location distributor with a history that extends back to 1909. Frost engaged Nolan to identify a buyer that would maintain the long legacy and strong culture that the Frost family built over multiple generations. Nolan’s sale process delivered CED, one of the largest electrical solutions distributors and product suppliers in the country, specializing in residential, commercial, industrial and solar projects.
The “Corporate/Strategic Deal of the Year” ($25MM–$50MM) was the acquisition of Premier Building Supply by Installed Building Products. Nolan advised Premier Building Supply, a leading supplier and installer of garage doors and insulation to residential and commercial builders in the Southwestern U.S. Premier engaged Nolan to sell to a strategic partner who could help advance Premier’s expansion while facilitating the retirement of one of its owners. Nolan’s sale process delivered Installed Building Products [NYSE: IBP], an industry-leading installer of insulation and complementary building products with over 175 branch locations and more than 7,000 employees.
“It’s a genuine honor for our team to be recognized for our consistent commitment to doing the best work for our business owner clients,” said Patrick Nolan, President, Nolan & Associates. “While these two transactions received the recognition, we set a priority to provide world-class service and results for middle market business owners on every engagement.”
The M&A Advisor is the preeminent organization recognizing distinction, honoring achievement, presenting thought leadership and facilitating connections among the world’s leading dealmaking professionals.
“The award winners are the standouts of the year, representing the finest deals and professionals within the M&A industry,” said Roger Aguinaldo, Founder of The M&A Advisor. “This period was ripe with challenges, but also abundant with M&A activity, and these professionals were able to rise above the noise executing transactions representing several hundred billions of dollars of enterprise value.”
The awards will be presented at a Virtual Awards Gala celebration on Thursday, February 4th, 2021.
An independent judging committee comprised of top M&A industry experts determined the ultimate recipients of the awards. Click here to view the judges. For a detailed list of all of the Award Winners for the 19th Annual M&A Advisor Awards, click here.