{"id":4026,"date":"2021-12-17T16:03:40","date_gmt":"2021-12-17T16:03:40","guid":{"rendered":"https:\/\/www.sealforlife.com\/?p=4026"},"modified":"2023-01-12T13:52:26","modified_gmt":"2023-01-12T13:52:26","slug":"press-release","status":"publish","type":"post","link":"https:\/\/www.sealforlife.com\/press-center\/press-release\/","title":{"rendered":"Press Release"},"content":{"rendered":"

NEW YORK<\/span>,\u00a0Dec. 17, 2021,<\/span> Arsenal Capital Partners (“Arsenal”), a private equity firm that specializes in investments in industrial growth companies, announced today that its global industrial coatings platform, Seal For Life Industries (\u201cSeal For Life\u201d), has acquired Mascoat Ltd. (\u201cMascoat\u201d) and Verdia, Inc. (\u201cVerdia\u201d), both privately owned specialty industrial coatings companies.<\/p>\n

Mascoat, based out of\u00a0Houston, TX<\/span>, has been a leading manufacturer of thermal insulation coatings, anti-condensation, and sound damping coatings since 1995.\u00a0 The company serves various industries with its coatings such as industrial, marine, commercial, and automotive applications.\u00a0 Mascoat has helped to develop new ways to solve corrosion under insulation with its insulation coatings and pioneered the use of its sound damping and anti-condensation coatings in the commercial and yacht sectors.\u00a0 The company has locations in\u00a0The Netherlands<\/span>\u00a0and\u00a0China<\/span>, in addition to its base in\u00a0Houston<\/span>.<\/p>\n

George More<\/span>, President, CEO, and Founder of Mascoat said, “We are delighted to become part of the Seal For Life platform.\u00a0 The combination of Mascoat<\/a>‘s industry-leading insulation and protective coatings with Seal For Life’s extensive coatings portfolio and global footprint will allow us to reach additional markets and customers, and will provide customers even more high-performance solutions to protect their critical infrastructure assets.”<\/p>\n

Verdia is a leading polymer flooring manufacturer in\u00a0the United States<\/span>\u00a0with deep expertise in polyurethane concrete flooring systems and offers a complete line of epoxies, polyurethane, and polyaspartics formulations. Inc. Magazine recognized Verdia as one of the Fastest Growing Companies in America for 2019.\u00a0 Verdia has been awarded USDA certification\u00a0for its bio-based polyurethane floor coating produced from renewable and sustainable polymer sources.\u00a0 Verdia\u00a0provides superior products, unparalleled customer service, and industry-leading technical support and focuses on providing long-lasting and environmentally conscious polymer solutions.\u00a0 The company is based in\u00a0Conroe, TX.<\/span><\/p>\n

Tony Crowell<\/span>, President, CEO, and Founder of Verdia remarked, “Joining the Seal For Life platform provides Verdia<\/a> with the critical mass and market access it needs to continue its remarkable growth trajectory.\u00a0 Our customers consider polymeric floor coatings as critical technology for protecting their high-value infrastructure assets, and we look forward to expanding applications of our highly sustainable products around the world.”<\/p>\n

Jeff Oravitz<\/span>, CEO of Seal For Life, remarked, “We are very pleased to welcome the Mascoat and Verdia teams 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.\u00a0 The incorporation of these highly specialized industrial coatings companies into the Seal For Life platform increases our global scale and the ability to meet the needs of our many global customers.”<\/p>\n

Aaron Wolfe<\/span>, an Investment Partner of Arsenal, said, “Mascoat and Verdia bring exceptional coatings technologies to the Seal for Life platform and have an excellent market reputation for providing the highest level of performance and quality to meet demanding customer requirements.\u00a0 These businesses provide highly complementary technologies and build further scale for Seal For Life.\u00a0 We look forward to supporting these teams, investing in inorganic growth, and completing additional acquisitions to continue building Seal For Life’s position in the broader protective coatings and sealing solutions space for infrastructure applications.”<\/p>\n

About Seal For Life<\/b><\/p>\n

Seal For Life provides corrosion prevention, waterproofing, fire and heat protection, and insulation products.\u00a0 The company offers industrial liquid coating products to protect critical infrastructure, heat shrink sleeves to protect pipeline joints from corrosion and degradation, cathodic protection products, visco-elastic adhesive solutions to protect assets from corrosion and water ingress; and cold-applied, single wrap and fused tape products.\u00a0 It offers products for many markets, such as marine, splash zone and underwater installation, renewable energy, onshore oil, gas, and water pipelines, insulation, casing filler, flooring, refinery, linings, cathodic protection, cables and wires, and waste water applications.\u00a0 Visit\u00a0www.sealforlife.com<\/a><\/u>\u00a0for more information.<\/p>\n

About Arsenal Capital Partners<\/b><\/p>\n

Arsenal is a leading private equity firm that specializes in investments in middle-market industrial growth and healthcare companies.\u00a0 Since its inception in 2000, Arsenal has raised institutional equity investment funds of\u00a0$9.7 billion<\/span>, has completed more than 250 platform and add-on investments, and achieved more than 30 realizations.\u00a0 Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience.\u00a0 The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add.\u00a0 Visit\u00a0www.arsenalcapital.com<\/a><\/u>\u00a0for more information.<\/p>\n","protected":false},"excerpt":{"rendered":"

NEW YORK,\u00a0Dec. 17, 2021, Arsenal Capital Partners (“Arsenal”), a private equity firm that specializes in investments in industrial growth companies, announced today that its global industrial coatings platform, Seal For Life Industries (\u201cSeal For Life\u201d), has acquired Mascoat Ltd. (\u201cMascoat\u201d) and Verdia, Inc. (\u201cVerdia\u201d), both privately owned specialty industrial coatings companies. Mascoat, based out of\u00a0Houston, … Continued<\/a><\/p>\n","protected":false},"author":2,"featured_media":4035,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[6],"tags":[89,90,45,59,81,88],"acf":[],"yoast_head":"\nPress Release - Seal For Life<\/title>\n<meta name=\"description\" content=\"Arsenal Capital Partners announced that its global industrial coatings platform, Seal For Life Industries has acquired Mascoat and Verdia, both industrial coatings companies.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.sealforlife.com\/press-center\/press-release\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Press Release\" \/>\n<meta property=\"og:description\" content=\"Arsenal Capital Partners announced that its global industrial coatings platform, Seal For Life Industries has acquired Mascoat and Verdia, both industrial coatings companies.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.sealforlife.com\/press-center\/press-release\/\" \/>\n<meta property=\"og:site_name\" content=\"Seal For Life\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-17T16:03:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-01-12T13:52:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.sealforlife.com\/wp-content\/uploads\/2021\/12\/Press-Release-2--scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1707\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Laura Hall\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Press Release\" \/>\n<meta name=\"twitter:description\" content=\"Arsenal Capital Partners announced that its global industrial coatings platform, Seal For Life Industries has acquired Mascoat and Verdia, both industrial coatings companies.\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.sealforlife.com\/wp-content\/uploads\/2021\/12\/Press-Release-2--scaled.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Laura Hall\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.sealforlife.com\/press-center\/press-release\/\",\"url\":\"https:\/\/www.sealforlife.com\/press-center\/press-release\/\",\"name\":\"Press Release - 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