Cerberus Capital Management has agreed to make a strategic investment in S+S Industries, a provider of critical parts and services for data center infrastructure.
The Andrews family, founders of S+S, will retain a significant ownership stake, and Greg Andrews will continue as president to lead the business. Headquartered in Houston, S+S Industries manufactures and distributes copper and aluminum busbars and delivers value-added services such as plating, coating, fabrication, kitting, finishing and scrap recycling. The company serves OEM customers supplying power distribution equipment to hyperscale, colocation and enterprise data center operators.
Financial advisors to Cerberus included Lazard and JPMorgan, with Davis Polk & Wardwell as legal advisor and Houlihan Lokey acting as financing arranger. Portage Point Partners served as financial advisor to S+S, and Gibson, Dunn & Crutcher acted as legal advisor.