Industry News

Lapolla Receives Investment from Enhanced Capital to Support Growth in its Foams & Coatings Business

Published on 2012-07-16. Author : SpecialChem

NEW YORK, NY -- Enhanced Capital Partners, Inc., a diversified, national private investment firm, announced that it provided $4.4 million of financing to Lapolla Industries, Inc. ("Lapolla"). Lapolla, a leading manufacturer and supplier of insulation foam, coatings, and equipment, focused on commercial, industrial and residential applications in the insulation and construction industries will use the funds for working capital to advance the growth of its business. Enhanced Capital made the investment through two of its state-focused funds, Enhanced Capital Texas Fund, LP and Enhanced Jobs for Texas Fund, LLC.

Douglas Kramer, Lapolla's President & CEO, stated, "We are very pleased with Enhanced Capital further supporting Lapolla's growth and Green job creation in Texas over the past seven years."

The Enhanced team was led by Barry A. Osherow, Managing Director, and Holbrook Forusz, Vice President. "Enhanced Capital is excited to support Lapolla." said Holbrook Forusz. "We believe that Lapolla is well positioned to take advantage of the increasing desire of consumers to lower their energy costs. Lapolla's products provide substantial energy savings through their spray foam insulation as well as their acrylic roof coatings."

About Lapolla Industries, Inc.

Lapolla Industries, Inc. , headquartered out of Houston, TX, is a manufacturer of insulation foam and coating products targeting commercial, industrial and residential applications in the roofing and insulation construction industries.

About Enhanced Capital Partners, Inc.

Enhanced Capital Partners, Inc. is a diversified, national private investment firm specializing in investments in small and mid-sized companies. Since 2000, ECP has raised over $500 million through a variety of state and federal public-private investment programs. Enhanced Capital and is headquartered in New York City.

Enhanced Capital is a small business investment firm focused on established lower middle market companies. They invest in growing businesses often overlooked by traditional sources of capital due to location or size.

Source: Enhanced Capital Partners, Inc.

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