August 14, 2014
Woodbridge International, a global middle-market M&A firm, is pleased to announce the acquisition of its client, Norton Corrosion Limited, a leading provider of cathodic protection (CP) systems, corrosion control products and engineering services. Based in Woodinville, Washington, Norton Corrosion’s products are used by power generation and other pipeline/utilities; both on and off-shore and marine facilities in North and South America, the Middle East and Asia.
Norton Corrosion was purchased by Heath Acquisition Company, LLC, a subsidiary of Heath Consultants Incorporated, headquartered in Houston, Texas. Heath is a privately-held company started in 1933 that is focused on natural gas leak detection services. In addition to the original focus of leak detection services, Heath is now the leading service provider and manufacturer offering a wide range of products and services to various utility markets.
Norton Corrosion specializes in active and passive CP systems utilizing DC electrical current and specialized anodes most commonly used to protect buried or submerged metallic structures (pipelines, storage tanks, cooling water and marine structures) from harsh environments. The company’s products are particularly suited to maintenance of pipelines used in natural gas, petroleum and water transportation.
Carolyn Heath Haag, president of Heath said, “Norton is a natural add-on for us as Heath will now be able to offer corrosion prevention and remediation services in addition to leak detection and other services.”
The transaction was managed by Woodbridge Senior M&A Advisor, Ney Grant, who is based in the firm’s Sacramento, California office.