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Arsenal Capital Partners Announces Acquisition of Peach State Labs
NEW YORK, June 30, 2015 - Arsenal Capital Partners today announced the acquisition of Peach
State Labs, Inc. (“Peach State Labs” or the “Company”), a leading provider of specialty
polymers and chemicals.
Founded in 1987 and headquartered in Rome, Georgia, Peach State Labs is a technology driven
developer of a variety of specialty polymers and other unique chemicals to a number of end
markets, including flooring, textiles, coatings & paints, consumer products, leather, institutional
water treatment, and lubricants.
John Televantos, a Partner who co-heads Arsenal’s Specialty Industrials group, said, “Peach
State Labs has a long history of innovation in the polymers sector providing unique formulations
and solutions to its diverse customers and their applications. The acquisition of Peach State
Labs represents a niche platform in our strategy to build a global polymers business offering
customized and proprietary solutions.”
Rick Sargent, founder and CEO of Peach State Labs, said, ”Over the last three decades, we have
built a business that consistently innovates chemical technologies and solutions to address our
customers’ needs and the evolving trends in their end markets. We chose Arsenal Capital as our
partner as we believe they are uniquely capable of supporting the Company’s continued growth
in existing and new markets.”
“We look forward to partnering with Rick, the management and employees of Peach State Labs
to expand the strong platform they have successfully built.
The company has built a brand
name and reputation in the specialty polymers sector, and we will further expand on this
through organic growth initiatives and additional acquisitions. Our goal is to build one of the
largest global specialty polymer solutions suppliers,” added Sal Gagliardo an Operating Partner in
Arsenal’s Specialty Industrials group.
The acquisition of Peach State Labs represents the ninth platform acquisition in Arsenal Capital
Fund III LP with $875 million of committed capital.
CIM Partners acted as financial advisor to Peach State Labs.
About Arsenal Capital Partners
Arsenal Capital Partners is a leading New York-based private equity firm that invests in lower
middle market healthcare and specialty industrial companies. Arsenal makes investments in
sectors where the firm has significant prior knowledge and experience. Arsenal targets
businesses that have the potential for further value creation by working closely with
management to accelerate growth and leverage the firm’s operational improvement capabilities.
Arsenal currently has $1.7 billion of committed equity capital. For additional information on
Arsenal Capital Partners, please visit www.arsenalcapital.com.
Arsenal’s Specialty Industrials investments includes several market leaders including Kel-Tech, a
leading provider of specialty chemicals and related services to oil & gas exploration and
production companies; Flowchem, a leading provider of patented and environmentally friendly
drag reducing additive solutions and support services to crude oil and refined products pipeline
operators; Accella Performance Materials, a leading manufacturer of formulated polyurethane,
specialty coatings as well as recycled rubber products; Chromaflo Technologies, the largest
independent global pigment dispersion provider to the architectural and industrial coatings and
thermoset composites industries; Inhance Technologies, a leading provider of unique plastic
barrier, adhesion and surface enhancement products and services as well as manufacturer of
value-added materials; International Fiber Corporation, a leading provider of dietary insoluble
fiber for food and pharmaceutical markets; and IGM Resins, a leading provider of intermediates
to the global ultraviolet radiation cure coatings, inks and adhesives industry.