M&A Deal Summary

Seal For Life Industries Acquires Flame Control Coatings

On January 8, 2020, Seal For Life Industries acquired chemicals company Flame Control Coatings from RockWood Equity Partners and Little Mountain Industries

Acquisition Highlights
  • This is Seal For Life Industries’ 3rd transaction in the Chemicals sector.
  • This is Seal For Life Industries’ 4th transaction in the United States.
  • This is Seal For Life Industries’ 1st transaction in New York.

M&A Deal Summary

Date 2020-01-08
Target Flame Control Coatings
Sector Chemicals
Buyer(s) Seal For Life Industries
Sellers(s) RockWood Equity Partners
Little Mountain Industries
Deal Type Add-on Acquisition

Target

Flame Control Coatings

Niagara Falls, New York, United States
Flame Control Coatings is a developer and producer of fire retardant and heat resistant coatings. Flame Control Coatings LLC products include paints, varnishes, and mastics in a wide selection of colors and finishes.

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Buyer(S) 1

Buyer

Seal For Life Industries

Stadskanaal, Netherlands

Category Company
Founded 1988
Sector Plastics
DESCRIPTION

Seal For Life Industries is a provider of corrosion prevention, waterproofing, and insulation prodStadskanaalucts. offers products for various markets, such as marine, splash zone, and underwater installation, mobile pipeline coating, onshore oil and gas pipelines, offshore, insulation, casing filler, energy, flooring, refinery, cathodic protection, cables and wires, and wastewater. Seal For Life Industries was founded in 1988 and is based in Stadskanaal, Netherlands.


DEAL STATS #
Overall 4 of 8
Sector (Chemicals) 3 of 4
Type (Add-on Acquisition) 3 of 5
State (New York) 1 of 1
Country (United States) 4 of 6
Year (2020) 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Highland Internaltional

Boone, North Carolina, United States

Highland Internaltional, Inc. formulates heat resistant and corrosion protection coatings with expertise in high-temperature coatings. Highland Spray-Safe industrial dry fall paint has fundamentally changed the approach to painting in congested areas. Projects previously viewed as “High Risk” for paint overspray damage were restricted to brush and roll applications only.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-23 Canusa-CPS

Toronto, Ontario, Canada

Canusa-CPS is a developer and manufacturer of specialty pipeline coatings for the sealing and corrosion protection of pipeline joints and other substrates. Canusa-CPS delivers innovative solutions to increase the integrity of pipelines with an ever-increasing focus on advanced corrosion protection, automation for consistency, productivity, and safety and through the availability of data from field operations in real-time to provide greater traceability for our customers. Canusa-CPS was founded in 1966 and is based in Toronto, Ontario.

Buy -

Seller(S) 2

SELLER

RockWood Equity Partners

Shaker Heights, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
Size Small
Type Sector Agnostic
DESCRIPTION

RockWood Equity Partners is a private equity firm looking to acquire profitable lower-middle market North American companies generating sales of $10 to $75 million and EBITDA of $2 to $7 million. Target transaction types include management buyouts, recapitalizations, growth equity financings, and divestitures. Sectors of interest include aerospace, defense, healthcare, industrials/industrial technology, and business services. RockWood Equity Partners was formed in 1999 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 16 of 21
Sector (Chemicals) 1 of 1
Type (Add-on Acquisition) 8 of 10
State (New York) 3 of 4
Country (United States) 14 of 19
Year (2020) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-10-10 Superior Office Solutions

New York, New York, United States

Superior Office Solutions is an office equipment dealer and services, maintenance, and repairs provider serving local businesses in New York City and surrounding areas. Superior Office Solutions was founded in 1999 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 Syneo

West Palm Beach, Florida, United States

Syneo is a provider of manufacturing equipment, cutting tools, and services for the medical device and electronics manufacturing industries. Syneo's primary solutions serve catheter, guidewire, and minimally-invasive medical device applications. The company’s comprehensive lines of Accu-branded and Syneo Sharp products are known for delivering an unparalleled level of sharpness and precision, enhancing catheter and surgical device applications through automated handling, cutting, drilling, and precision hole-punching capabilities. Syneo was formed in 2011 and is based in West Palm Beach, Florida.

Sell -
SELLER

Little Mountain Industries

Cleveland, Ohio, United States

Category Private Equity Firm
Size Small
Type Sector Agnostic
DESCRIPTION

Little Mountain Industries, Inc. (LMI) is a private equity firm focused on lower middle-market manufacturing and industrial distribution companies. The Firm targets platform businesses in the Midwest US, but will consider add-on opportunities nationally. LMI seeks businesses with strong market positions and led by proven management teams. Prospective companies typically generate $5 to $50 million of revenue and at least $1 million in EBITDA. The Firm looks to invest up to $3 million per transaction. Little Mountain Industries, Inc. is based in Cleveland, Ohio.


DEAL STATS #
Overall 3 of 3
Sector (Chemicals) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (New York) 1 of 1
Country (United States) 3 of 3
Year (2020) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-08 Highland Internaltional

Boone, North Carolina, United States

Highland Internaltional, Inc. formulates heat resistant and corrosion protection coatings with expertise in high-temperature coatings. Highland Spray-Safe industrial dry fall paint has fundamentally changed the approach to painting in congested areas. Projects previously viewed as “High Risk” for paint overspray damage were restricted to brush and roll applications only.

Sell -