Mergers & Acquisitions

Elgen Manufacturing Company Acquired by Worthington Enterprises

6432 Elgen Manufacturing NT

M&A Engagement Overview

Industry Group: Industrials
Areas of Focus: Engineered Equipment, Products, and Components, Building Products, HVAC and Electrical 

Harris Williams advised Elgen Manufacturing Company, a portfolio company of MFG Partners and Merit Capital Partners, on their sale to Worthington Enterprises.

Onshoring and nearshoring, electrification, growing investment in outdated infrastructure and technology, and a greater emphasis on environmental factors are driving demand for a wide range of engineered equipment, products, and components, particularly in the commercial HVAC and mechanical and electrical spaces.

Elgen is a market-leading designer and manufacturer of HVAC parts and components, ductwork, and structural framing primarily used in commercial buildings throughout North America.

The company is differentiated by their broad product portfolio of high-quality, customizable components, exceptional service, and short lead times. Elgen’s unique sales strategy features direct sales to contractors and strategic distributor partnerships that broaden reach into niche markets. Their flexible manufacturing capabilities support more than 75% of sales derived from in-house production, resulting in continuous innovation to meet diverse customer needs.

Worthington’s acquisition of Elgen enhances the product portfolio and geographic reach within Worthington's building products segment. They will be an excellent partner to Elgen as they enter their next phase of growth. 

Contact the Harris Williams Industrials Group to learn more about this client engagement.

Harris Williams is a global investment bank specializing in M&A and private capital advisory services. Clients worldwide rely on us to help unlock value in their business and turn ambitious goals into reality. We approach every engagement with boundless collaboration, pooling expertise and relationships across industries and geographies. For over 30 years, our clients have trusted us to think strategically, execute precisely, and deliver superior outcomes to help them grow.


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