Confluence Advisors Represents Basic PSA, Inc. in Sale Transaction

Confluence Advisors, LLC is pleased to announce that it advised Basic PSA, Inc. (“Basic”) in its sale to Anvil International, a portfolio company of One Equity Partners.

Headquartered in Johnstown, PA, Basic is a leading manufacturer and field service provider of shock arrestors (or “snubbers”) primarily to nuclear power plants throughout the world. A snubber is designed to allow normal thermal movement but protect piping and related systems from unwanted movement caused by seismic disturbances or other transient events.

“Basic’s product lines are highly complementary to Anvil’s Engineered Pipe Supports business in North Kingstown, RI,” said Tom Fish, CEO of Anvil International. “Basic’s service business brings a new offering to our portfolio of customer solutions in the power industry.” Basic will continue to operate out of its Johnstown, PA manufacturing facility.

Grant Nelson, Vice President of Field Services commented, “Confluence was great to work with and we are very excited to be a part of the Anvil organization. We couldn’t have completed this transaction without the help of the Confluence team.”

About Basic PSA, Inc.

Basic PSA is the manufacturer of the PSA Mechanical Shock Arrestor also known as the PSA Mechanical Snubber, used to protect piping from dynamic forces and permit free thermal movement. Basic PSA supports nuclear products with a complete field service group which provides certified technicians, inspectors, and mobile test trailer facilities to support functional testing and service of mechanical and hydraulic snubbers. Basic PSA’s quality assurance program meets ASME Section III, and 10CFR50 Appendix B. Basic was founded in 1996 and was subsequently acquired by the employees through the formation of an Employee Stock Ownership Plan (“ESOP”).

About Anvil International

Anvil International is one of the largest and most complete manufacturers of pipe fittings, pipe hangers and piping support systems in the world. For more than 165 years, Anvil has provided the highest-quality pipe products and services with integrity and dedication to superior customer service. Anvil employs over 1,500 employees across eight facilities in the United States.

About Confluence Advisors, LLC

Confluence helps business owners maximize the sale of a business or non-core division, raise optimal funding, or acquire a business. With over 80 years of combined deal experience and more than $1.5 billion in transactions, the Confluence team works every day to help companies and their stakeholders through critical business transitions. The above testimonials may not be representative of the experience of other customers and is not a guarantee of future performance or success.