PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Download our free Specialty Function Coating Systems eResource Book

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.

SSPC: The Society for Protective Coatings
http://www.sspc.org/

Join SSPC and Enhance
Your Career !


Midsun Specialty Products
Stopaq 30+ Year Coatings

Use Stopaq corrosion prevention coatings on pipelines, field joints, tank chimes, structural steel and more. Learn more at www.midsunsp.com/stopaq


Clemco Industries Corp.
Global engineering-trusted solutions

For more than 70 years, Clemco has provided the highest quality blast equipment with a total commitment to comfort and safety.


Dampney Co., Inc.
Solar Coating

High Temperature Resistant for Solar Panels/Collectors/Tubes. Achieve selectivity with the economy and ease
of application of a paint.


Elcometer, Inc.
Durability & Design meet
Performance & Reliability

Elcometer 319 Dewpoint Meter
View the technical data on the Elcometer Dewpoint meter.


KTA-Tator, Inc. - Corporate Office
KTA-Tator
Coatings Inspection

Any structure, any height, any place - A qualified coatings inspector is always available. Call 800-245-6379.


Bullard

The Next Generation
of Blasting

• Lightest
• Coolest
• Most Comfortable
• Most Dependable


Novetas Solutions
Number 1 Crushed Glass Abrasive in America!

6 NEW plants coast to coast! Safe for environment, 100% recycled glass. White Metal Finish! No unsafe toxins like Beryllium & Arsenic!
Call 866-775-6226

 
 
 
Technology Publishing

The Technology Publishing Network

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

 
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 2000-2015, 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