Clearwater International advises Rubicon Partners on its sale of John Lawrie Tubulars to Center Rock Capital Partners
Clearwater International and KeyBanc Capital Markets have advised Rubicon Partners on its sale of John Lawrie Tubulars (John Lawrie), a leading, multinational distributor and processor of steel tubular products, to Center Rock Capital Partners Fund II (Center Rock).
Headquartered in Houston, Texas, John Lawrie is a value-added processor and distributor of steel tubular and piling products primarily used in construction and infrastructure applications. Operating out of six facilities in the US and two in the UK, the Company’s scale offers its customers a unique global supply network and the necessary technical and logistical support to meet their project demands.
Rubicon Partners acquired John Lawrie Group from family ownership in 2017. Under Rubicon’s stewardship, the business more than doubled in size through organic growth by adding new sites and inventory across North America and the UK, together with significantly enhancing its fabrication and processing capability.
The Clearwater International team consisted of Partner and International Head of Industrials & Chemicals Michael Loudon and Senior Associates James Jarvis and Richard Corrie.