PaintSquare.com


The First Word in Protective & Marine Coatings

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

Download our FREE eBook on New Technology Coatings for Corrosion Control

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


Industrial Vacuum Equipment Corp.
Hurricane Vacuums
& Dust Collectors

Vacuum and dust collector hose, filters and related accessories.
IndustrialVacuum.com


Mohawk Garnet
North American Hard Rock Garnet

A complete range of quality garnet from two new processing plants. Serving both the abrasive blasting and water jet markets.
Call 1.866.642.7638
Email for follow up – mheilimo@mohawkgarnet.com


DRYCO
The one way to control
a tank: DRYCO

Temporary climate control equipment. Dehumidifiers,
Heaters, A/C, Power, More…
Toll Free: 866-379-2600


KTA-Tator, Inc. - Corporate Office
KTA-Tator EH&S Services

• Ambient & Worker Exposure Air Monitoring
• Safety & Health Program Development
• Lead Paint Assessments
& Specifications
• Health Hazard & Jobsite Safety Assessments
Call 1-800-245-6379


Abrasives Inc.
Check our Prices for Blast Abrasives

Faced with higher abrasive costs? We invite you to call & check our rates on Black Magic® coal slag and other quality blast materials. Abrasives Inc. 800-584-7524


CESCO
DELIVERY ANYWHERE - BEST PRICING - FAST!

Lighten your load by buying 50lb. bags at bulk rates. From 50lb. bags to Jumbo Sacks to Bulk Loads, CESCO provides packaging to meet your specific job requirements.
Contact us: 888-772-3726 BlastandPaint.com

 
 
 
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