Eight Advisory advised the shareholders of Maass Global Group on the merger with Gulf Manufacturing

Eight Advisory advised the shareholders of Maass Global Group on the merger with Gulf Manufacturing

Eight Advisory provided sell-side tax assistance in the context of the merger of Maass Global Group with Main Street-backed Gulf Manufacturing

Eight Advisory advised on the merger of the Maass Global Group (“Maass”), a global leader in the manufacturing and distribution of various metal products to Main Street-backed Gulf Manufacturing LLC, also known as The GMI Group (“GMI”). The transaction included production and distribution facilities of Maass in Germany, the United Kingdom, the Netherlands and India, and sales offices in Dubai, Shanghai and Singapore.

 

The combined company’s key investors and partners include Alexander and Patrick Maass, Main Street Capital Corporation (“Main Street”), Ashland Capital Partners and several key multi-national management team members. As a result of the merger, a new parent holding company, Gulf Manufacturing Holdings, LLC, was formed to own GMI and Maass.

 

Headquartered in Essen, Germany, and founded during the 1940’s, the third-generation family business Maass manufactures and distributes flanges and specialty forged products, forged bar, seamless pipe, and fittings in duplex, stainless steel and high nickel alloys.

 

Founded in 1984, GMI is headquartered in Humble, Texas, and is a leading manufacturer and supplier of fittings, flanges and speciality products to the oil and gas industry. With existing manufacturing and distribution locations in Humble, Texas and Broussard, LA, GMI serves customers throughout the United States.

 

We are pleased that we were able to support the shareholders of Maass in this operation. This will allow them to benefit from the value creation of the newly combined business, which will operate globally with manufacturing and distribution activities in Europe, the United States and Asia,” emphasises Matthias Hogh, Partner at Eight Advisory.

 

 

Eight Advisory team members supporting on this transaction:

  • Sell-side tax assistance: Matthias Hogh, Partner, Frank Wallbott, Director and Karoline Mielnik, Senior

Matthias

Hogh

Partner

Tax

Eight Advisory Frankfurt

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