M&A Deal Summary

PPG Acquires The Homax Group

On June 5, 2014, PPG acquired chemicals company The Homax Group from Olympus Partners

Acquisition Highlights
  • This is PPG’s 18th transaction in the Chemicals sector.
  • This is PPG’s 14th transaction in the United States.
  • This is PPG’s 1st transaction in Washington.

M&A Deal Summary

Date 2014-06-05
Target The Homax Group
Sector Chemicals
Buyer(s) PPG
Sellers(s) Olympus Partners
Deal Type Add-on Acquisition
Advisor(s) CG Sawaya Partners (Financial)

Target

The Homax Group

Bellingham, Washington, United States
Homax Products, Inc., is a supplier of branded, specialty-application consumer products to the home-care and repair markets, providing solutions for tasks such as drywall texturing and repair, specialty cleaning, pest control, odor elimination, and surface preparation. The Company's brands include Homax, Goo Gone, Magic, Black Flag, Natural Magic, and Stone Care International.

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Buyer(S) 1

Buyer

PPG

Pittsburgh, Pennsylvania, United States

Category Company
Founded 1883
Sector Chemicals
Employees46,000
Revenue 15.8B USD (2024)
DESCRIPTION
PPG headquarters at One PPG Place in downtown Pittsburgh, Pennsylvania.
PPG headquarters at One PPG Place in downtown Pittsburgh, Pennsylvania.

PPG manufactures and distributes a broad range of coatings, specialty materials and glass products. PPG was formed in 1883 and is based in Pittsburgh, Pennsylvania.


DEAL STATS #
Overall 22 of 44
Sector: Chemicals M&A 18 of 35
Type: Add-on Acquisition M&A Deals 16 of 35
State: Washington M&A 1 of 1
Country: United States M&A 14 of 25
Year: 2014 M&A 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-03 Hi-Temp Coatings Technology Co.

Acton, Massachusetts, United States

Hi-Temp Coatings Technology Co., Inc. is a provider of high-temperature-resistant coatings. The company specializes in heat-resistant coatings that are available in all colors, the prevention of corrosion under insulation, and coatings for original equipment manufacturers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-06-10 Masterwork Paint Co.

Pittsburgh, Pennsylvania, United States

Masterwork Paint Co., Inc. is an independent architectural paint distributor headquartered in Pittsburgh.

Buy -

Seller(S) 1

SELLER

Olympus Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 8.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $75 to $500 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.


DEAL STATS #
Overall 27 of 50
Sector: Chemicals M&A 1 of 2
Type: Add-on Acquisition M&A Deals 13 of 24
State: Washington M&A 1 of 1
Country: United States M&A 24 of 47
Year: 2014 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-04-22 Pregis

Chicago, Illinois, United States

Pregis is a global provider of innovative protective packaging materials and systems. Pregis design, develop and deliver packaging solutions for a wide variety of consumer and industrial market segments. Pregis serves a wide variety of consumer and industrial market segments including food, pharmaceutical, healthcare, medical devices, agricultural, e-commerce, retail, automotive, transportation, furniture, electronics, building, construction, and military/aerospace. Pregis is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-01 Banner Solutions

Kansas City, Missouri, United States

Banner Solutions is a wholesale distributor of door hardware, electronic access control, and security products primarily for repair, replacement, and renovation applications in the commercial/institutional and residential markets. Banner Solutions was founded in 1987 and is based in Kansas City, Missouri.

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