M&A Deal Summary

Icynene-Lapolla Acquires Lapolla Industries

On October 5, 2017, Icynene-Lapolla acquired building materials company Lapolla Industries from Enhanced Capital Partners for 160M USD

Acquisition Highlights
  • This is Icynene-Lapolla’s 1st transaction in the Building Materials sector.
  • This is Icynene-Lapolla’s largest (disclosed) transaction.
  • This is Icynene-Lapolla’s 1st transaction in the United States.
  • This is Icynene-Lapolla’s 1st transaction in Texas.

M&A Deal Summary

Date 2017-10-05
Target Lapolla Industries
Sector Building Materials
Buyer(s) Icynene-Lapolla
Sellers(s) Enhanced Capital Partners
Deal Type Add-on Acquisition
Deal Value 160M USD

Target

Lapolla Industries

Houston, Texas, United States
Lapolla Industries, Inc. is a global supplier and manufacturer of spray polyurethane foam for insulation and roofing applications, reflective roof coatings and equipment. Based in Houston, Texas, the Company's building envelope and roofing product solutions are designed to reduce energy consumption in the building environment, across the residential, commercial and industrial sectors, in both new construction and retrofits.

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Buyer(S) 1

Buyer

Icynene-Lapolla

Houston, Texas, United States

Category Company
Founded 1986
Sector Chemicals
DESCRIPTION

Icynene-Lapolla is a manufacturer and distributor of spray polyurethane foam insulation products. Contractors install spray foam insulation in walls, ceilings, floors, attics, and hard-to-insulate areas across a diverse set of construction end markets, including new custom residential, new production residential, commercial, remodeling, and specialty non-construction applications. Icynene-Lapolla was founded in 1986 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2017) 1 of 1
Size (of disclosed) 1 of 1

Seller(S) 1

SELLER

Enhanced Capital Partners

New York, New York, United States

Category Private Equity Firm
Founded 1999
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Enhanced Capital Partners is a private investment firm focused on investing in small and mid-sized growth companies generating sales up to $100 million. The Firm can invest across the capital structure, including equity and mezzanine debt financing. Enhanced also will provide funds for working capital needs. The Firm looks to invest $2 to $20 million of equity and mezzanine in the range of $500,000 to $3 million in mid to later-stage profitable companies that are seeking capital to fund growth, make an acquisition, or for an outright sale. Target sectors include aerospace, business services, communications, distribution, manufacturing, healthcare, IT, software, and retail. Enhanced Equity Partners was formed in 1999 and is based in New York City with an additional office in Austin, Birmingham, Denver, Jackson Hole, Nashville, New Orleans, Stamford, Tampa and Washington, D.C.


DEAL STATS #
Overall 25 of 26
Sector (Building Materials) 1 of 1
Type (Add-on Acquisition) 13 of 14
State (Texas) 3 of 3
Country (United States) 25 of 26
Year (2017) 2 of 2
Size (of disclosed) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-25 iDevices

Avon, Connecticut, United States

iDevices LLC is a developer of an App-enabled products that incorporate wireless connectivity to the Apple and Android platforms. iDevices Consulting LLC partners with companies, inventors, and developers to App-enable their products and bring new ideas to market in the Apple and Android space. iDevices is based in Avon, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 HomeTown Oxygen

Charlotte, North Carolina, United States

HomeTown Oxygen is a provider of home-based respiratory products and services in the Southeast United States. HomeTown provides ventilators, nebulizers, oxygen concentrators, liquid oxygen systems, continuous positive airway pressure machines, and other durable medical equipment through five locations in the Charlotte and Winston-Salem metropolitan regions.

Sell -