Delphi Advisors advised Hillenbrand on the divestiture of its USA based subsidiary Red Valve Company to DeZURIK

Delphi Advisors advised Hillenbrand, Inc., (NYSE:HI) a global diversified industrial company with FY2020 $2.5bn revenue and 11,000 employees, on the divestiture of its USA based subsidiary Red Valve Company, Inc. to DeZURIK, Inc., a Granite Partners portfolio company, at an enterprise value of $63m.

Red Valve is an American manufacturer of engineered pinch and check valves for the municipal water and wastewater market and industrial markets.

As a result of the divestiture, Hillenbrand enhanced overall shareholder value and increased financial flexibility, while streamlining its portfolio and placing greater focus on platform businesses and growth opportunities.

With this transaction, Delphi Advisors has proven the flexibility, adaptability, and resilience of its solutions-oriented approach by successfully coordinating and executing a North American, industrial, mid-market, carve-out M&A process under international COVID-19 guidelines and restrictions.

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