Rowe IndustriesPembroke Park, Florida Sell Side Advisory Services in the Sale of the Silicone Tape Business to Seal It Services, Inc.May 2016
Bengur Bryan advised Rowe Industries on its sale of its Silicone Tape business to Seal It Services, Inc., a subsidiary of the UK based Seal It Services Limited which is a subsidiary of Astral Poly Technik Ltd, India. The sale included Rowe’s Silicone ER Tape, first used by the US Military, an award-winning silicone repair tape for emergencies and all-purpose repairs. ER Tape creates an air-tight, waterproof seal in seconds. ER Tape has 950 psi tensile strength, insulates 8,000 volts per layer, and withstands temperatures up to 500° Fahrenheit.
Seal It Services purchased the ER Tape brand and associated production plant, as well as exclusive manufacturing rights. This transaction facilitates Seal It Services’ entry into the US market and provides it with a lucrative product line addition for its international markets.
Bengur Bryan advised and negotiated the terms of the transaction on behalf of Rowe Industries with Seal It Services and Astral Poly Technik. Bengur Bryan’s senior bankers were involved in all steps of the transaction from the initial meetings through closing. The work included site visits, due diligence, interacting with the purchaser’s accounting advisors, negotiating the purchase price, reviewing and finalizing terms of the purchase agreement with the buyer’s and seller’s legal teams.
About Rowe Industries
Rowe Industries is also the leader in the manufacture of high voltage silicone wire for the US market. Rowe designs, manufactures, and tests its own silicone rubber compounds in-house, allowing complete control over material quality.
About Seal It Services
In 2014, Seal It Services established a joint venture agreement with Astral Poly Technik Ltd – an Indian PLC and one of that country’s fastest growing manufacturers of pipes and piping systems. This partnership has enabled the company to further its aggressive plans for expansion on a truly global scale. For almost two decades, the company has been a manufacturer of high performance, high quality building chemicals such as sealants, adhesives, grouts, cleaners, expanding foams, fillers, decorating sundries and other similar products.
About Astral Poly Tecknik LTD
Astral Poly Technik Limited (BSE: 532830 | NSE: ASTRAL) was established in 1999 with a single-minded purpose to manufacture absolutely the best plumbing & drainage system in India. Astral today manufactures CPVC plumbing systems for both residential and industrial applications, and also ASTM solvent weld lead free PVC plumbing systems.
Self Industries, Inc.Birmingham, Alabama Sell-Side Advisory Services in the Sale to Ringmetall, AGDec 2015
Bengur Bryan & Co., Inc. advised Self Industries, Inc. in its sale to Ringmetall AG.
Ringmetall AG, an exchange-listed, German-based company providing specialty products to the industrial packaging industry for transport of hazardous materials, has acquired Self Industries, Inc. Self Industries will continue to operate under the same name and management structure serving its North and Central American customers with specialty closure systems, gasketing solutions and specialty stamped parts.
Self Industries is the leader in manufacturing, distributing, and selling locking rings for industrial drums and component parts including gaskets, nuts and bolts and other accessories for steel, plastic and fiber drums and pails.
PointEast, Ltd.Hong Kong Financial Advisory ServicesJul 2015
Bengur Bryan & Co., Inc. acted as a financial advisor in Tau Capital Group’s investment in PointEast, Ltd.
PointEast is a production management and custom design company that services the collectible and theme park industries, including Disney and Universal Studios and other marketing channels located primarily in the U.S.
PF Growth Partners, LLCFinancial Advisory Services in the Arrangement of a Senior Debt Facility, Which Was Provided by a Syndicate of LendersDec 2014
Bengur Bryan & Co., Inc. arranged a $58.75M senior debt facility for PF Growth Partners, LLC which was provided by a syndicate of lenders, including GE Capital, Bank of Montreal and Wintrust. In addition, Bengur Bryan raised $35M of preferred equity from Alaris Royalty. The proceeds of the transaction will be used to fund new club growth and a distribution to shareholders.
PF Growth Partners, LLC is a top Planet Fitness franchisee based in Maryland with locations in Tennessee and Florida.