PaintSquare.com


The First Word in Protective & Marine Coatings

A Product of Technology Publishing / PaintSquare
JPCL | PaintSquare News | Durability + Design | Paint BidTracker

Marine Industry Coating Systems: Selecting and Sourcing

Paint and Coatings Industry News

Main News Page


Firm Sells Corrpro, Receives $22 Million

Tuesday, April 21, 2009

Comment | More

American Capital Ltd., a publicly traded private equity firm and global asset manager, announced that it received cash proceeds of $22 million in the first quarter of 2009 from the sale of Corrpro Companies Inc. Corrpro was sold to a wholly-owned subsidiary of Insituform Technologies Inc.

 

American Capital gained $6 million, as they originally invested $16 million in Corrpro in March 2004 to support its recapitalization by Wingate Partners. American Capital’s compounded annual rate of return, including interest, dividends, and fees earned over the life of the investment, was 21%. Proceeds received by American Capital were $0.5 million greater than the fourth quarter 2008 valuation of the investment.

 

Corrpro is headquartered in Medina, OH, and Houston, TX. It provides corrosion control engineering services and corrosion protection services relating to coatings, pipeline integrity, and reinforced concrete structures.

   

Tagged categories: Acquisitions; Corrosion protection

Comment Join the Conversation:

Sign in to our community to add your comments.

Denso North America Inc.
Denso SeaShield
Marine Systems

A full range of steel, concrete and timber pile rehabilitation systems including petrolatum systems, fiberglass jackets, epoxy grouts and many other product lines.
Call 1-281-821-3355 or Visit densona.com


Axxiom Manufacturing
Revolutionary Units

By integrating Schmidt's Aftercoolers with our blast pots, these systems remove moisture from air and minimize equipment footprint on jobsite.
Call 1-800-231-2085


Simpson Strong-Tie
Repair, Protect & Strengthen

Need a coating? Turn to Fox. We have solutions to repair, protect and strengthen concrete, steel and wood substrates. Call 888-760-0369 or email info@foxind.com


Minerals Research & Recovery

HIGH PERFORMANCE ABRASIVES

(no needles to embed!)
Why recycle waste from other countries? Go FASTER, CLEANER, at 1/3 THE COST with MR&R “All-American” Sharpshot®HP!!

WATCH THE VIDEO


LS Industries
LS Blasters: Optimum Steel Cleaning Efficiency

Simplify surface prep with the precise shot control of LS Blasters. Our blast technology delivers optimum coverage and finish. 800-533-8008


Abrasives Inc.
Need abrasives FAST?

Emergencies happen – who bails you out? One call to Abrasives Inc. and it's taken care of. Period. Sales support available 24/7.
800-584-7524


Montipower, Inc.
The MBX Bristle Blaster

Get a 2.7 to 3.3 mil profile and a Near White Metal Clean. For info visit www.mbxit.com or call 877 629-8777

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker JPCL Europe

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2014, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com