Stout has advised A.Y. McDonald Industries on its acquisition of JCM Industries, Inc. Stout served as the exclusive financial advisor to A.Y. McDonald in connection with the transaction.

Based in Nash, TX, JCM is a highly specialized design, engineering, and manufacturing business that produces fittings for various types of new and existing pipe infrastructure and repairs for critical water and wastewater end markets in the U.S. and internationally. JCM is a third-generation family-run business.

A.Y. McDonald, founded in 1856 and headquartered in Dubuque, IA, is one of America’s 100 oldest family businesses. The company is a leading manufacturer of waterworks, plumbing, pumps, and natural gas products. The company has enjoyed tremendous success over its history and is embarking on several strategic initiatives to drive sustainable growth, including the construction of a new $300+ million brass foundry in Wisconsin near the corporate headquarters.

Rob McDonald, A.Y. McDonald CEO, stated, “I have known John Collins and JCM Industries for almost 30 years, having long admired his family’s company, and to have them join our family business is a privilege. Both companies have a culture where our people focus on taking care of our customers’ needs in a timely manner. Our shared values will make working together ideal and will provide a true benefit to our customers. We will continue to invest in JCM’s people and product lines to make this company even stronger and more successful in the years ahead.”

Mark Buchanan, Managing Director at Stout, said, “This is a perfect pairing of family-owned businesses joining forces to accelerate JCM’s growth potential in a highly complementary market for A.Y. McDonald. The strategic merits of the transaction are compelling, and the cultural alignment, mutual respect, and focus on the customer create significant opportunity for value creation. I am excited about the future for these great companies.”

Stout’s Mark Buchanan, Mark Padjen, Mike Jenny, Zach Ryan, Rick Roma, Austin Baron, and Patrick McNamara led the execution of the transaction.

Mayer Brown served as legal counsel to A.Y. McDonald. Janney Montgomery Scott served as financial advisor to JCM, and Holland & Knight served as JCM’s legal counsel.

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