Los Angeles, CA - August 30, 2017 - BDO Capital Advisors, LLC (BDO Capital) is pleased to announce the sale of Securus, Inc. dba HOLDRITE to Australia-based Reliance Worldwide Corporation Limited (ASX:RWC). BDO Capital served as the exclusive financial advisor to HOLDRITE in this cross-border transaction that adds to BDO Capital’s growing credentials in the building products and materials space.
Based in Poway, CA, HOLDRITE is a market leader in converting makeshift methods into engineered solutions for the plumbing and mechanical contractor markets in both residential and commercial construction. HOLDRITE designs and engineers a set of products and solutions that are very complementary to those made at RWC. RWC’s SharkBite® and Cash Acme® brands offer pipes, valves, and fittings. HOLDRITE designs secondary pipe supports and alignment brackets, plumbing acoustic isolation solutions, water heater accessories, fitting restraints, firestop systems, drainwaste-vent (“DWV”) solutions, and more.
“RWC’s strategy has been to innovate and commercialize solutions that disrupt and transform the industry and make the trade more effective through enhanced job site performance, while also adding value to our distribution channel partners,” said RWC USA CEO Sean McClenaghan. “The addition of HOLDRITE is a perfect complement to that strategy. Together, RWC and HOLDRITE will be able to offer customers something no other competitor has: a total end-to-end solution, meter to fixture, floor to ceiling, from a single manufacturer.”
