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Arsenal Capital Partners Acquires Peach State Labs

Published on 2015-07-03. Author : SpecialChem

NEW YORK -- Arsenal Capital Partners announced the acquisition of Peach State Labs, Inc., one of the leading providers of specialty polymers and chemicals.

Founded in 1987 and headquartered in Rome, Georgia, Peach State Labs is a technology driven developer of a variety of specialty polymers and other unique chemicals to a number of end markets, including flooring, textiles, coatings & paints, consumer products, leather, institutional water treatment, and lubricants.

John Televantos, a Partner who co-heads Arsenal’s Specialty Industrials group, said, “Peach State Labs has a long history of innovation in the polymers sector providing unique formulations and solutions to its diverse customers and their applications. The acquisition of Peach State Labs represents the ideal platform in our strategy to build a global polymers business offering customized and proprietary solutions.”

Rick Sargent, founder and CEO of Peach State Labs, said,”Over the last three decades, we have built a business that consistently innovates chemical technologies and solutions to address our customers’ needs and the evolving trends in their end markets. We chose Arsenal Capital as our partner as we believe they are uniquely capable of supporting the Company’s continued growth in existing and new markets.”

“We look forward to partnering with Rick, the management and employees of Peach State Labs to expand the strong platform they have successfully built. The company has built a brand name and successful reputation in the specialty polymers sector, and we will further expand on this through organic growth initiatives and additional acquisitions. Our goal is to build one of the largest global specialty polymer solutions suppliers,” added Sal Gagliardo an Operating Partner in Arsenal’s Specialty Industrials group.

The acquisition of Peach State Labs represents the ninth platform acquisition in Arsenal Capital Fund III LP with $875 million of committed capital.

CIM Partners acted as financial advisor to Peach State Labs.

About Arsenal Capital Partners

Arsenal Capital Partners is one of the leading New York-based private equity firms that invests in lower middle market healthcare and specialty industrial companies. Arsenal makes investments in sectors where the firm has significant prior knowledge and experience. Arsenal targets businesses that have the potential for further value creation by working closely with management to accelerate growth and leverage the firm’s operational improvement capabilities. Arsenal currently has $1.7 billion of committed equity capital.

Source: Arsenal Capital Partners

 


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