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Arsenal Capital, Seal For Life Announce Acquisition

Monday, January 11, 2021

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Private equity firm Arsenal Capital Partners has recently announced that its coatings platform, Seal For Life Industries has acquired the Canusa-CPA and Dhatec businesses from Shawcor.

According to the press release, Canusa offers a platform of corrosion protection solutions. Some of Canusa’s products include visco-elastic adhesives, mechanical protection systems and liquid epoxy coatings.

Canusa has operations in Canada, the Netherlands, the United States and the United Arab Emirates and employees more than 250 employees.

Arsenal Capital Partners

Private equity firm Arsenal Capital Partners has recently announced that its coatings platform, Seal For Life Industries has acquired the Canusa-CPA and Dhatec businesses from Shawcor.

On the acquisition, Jeff Oravitz, CEO of Seal For Life said, “We are delighted to welcome the Canusa team to the Seal For Life family, and look forward to working with them to accomplish our vision of being the leading global provider of protective coating and sealing solutions for infrastructure markets."

The announcement also notes that the acquisition of Canusa will enhance Seal For Life’s product coating and sealing solutions capabilities and expands its platform into broader global infrastructure and industrial markets and regions.

“Canusa has an excellent market reputation for providing its customers with the highest level of performance and quality to meet stringent performance and regulatory requirements,” said Sal Gagliardo, an Operating Partner of Arsenal. “We look forward to supporting the Canusa team and building the business organically and with strategic acquisitions that will further expand our position in the broader protective coatings and sealing solutions space for infrastructure applications.”

J.P. Morgan Securities LLC acted as financial advisor and Stikeman as legal advisor to Shawcor. Jones Day and Fasken acted as legal advisors to Seal For Life. Financial information about the acquisition was not released.

   

Tagged categories: Acquisitions; Asia Pacific; Business management; Business matters; Business operations; EMEA (Europe, Middle East and Africa); Latin America; North America; Program/Project Management; Z-Continents

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