Heritage Capital Group Facilitates Successful Acquisition of SprayEZ by Roebling Capital Partners

Heritage Capital Group Facilitates Successful Acquisition of SprayEZ

In a significant move for the middle-market manufacturing sector, Heritage Capital Group, Inc., an esteemed investment banking and financial advisory firm, has successfully guided the acquisition of Spray Equipment and Coatings, Inc. (commonly referred to as SprayEZ) by Roebling Capital Partners. This acquisition marks a pivotal moment for SprayEZ, a company renowned for its specialized offerings in the spray foam insulation space.

Overview of SprayEZ and Its Capabilities

SprayEZ operates two major facilities located in both Yulee, Florida, and Oklahoma City, Oklahoma, covering a total of 37,000 square feet. The company specializes in the manufacturing, assembly, and distribution of an extensive range of products related to spray foam insulation, which includes insulation rigs and essential supplies. Their inventory consists of spray foam insulation machines, chemicals, transfer pumps, air compressors, and various accessories like hoses and guns.

Additionally, SprayEZ goes beyond product distribution by offering comprehensive training classes, installation services for replacement parts, and detailed equipment repairs. The company has built a reputation for quality and integrity within the industry, making it a valuable asset for any investor.

Roebling Capital Partners: A New Chapter

Roebling Capital Partners, a privately-owned equity fund based in Cincinnati, Ohio, focuses primarily on partnerships with lower middle-market companies. Their approach emphasizes fostering operational advancements, strategic investment, and applying practical expertise to drive long-term growth. The acquisition of SprayEZ represents not just a business expansion, but an opportunity for Roebling to implement its Roebling Value Add™ toolkit, enhancing operational efficiencies while respecting the entrepreneurial spirit of the company’s founders.

Joe Hawkins, the leading deal team member from Heritage Capital Group, expressed his enthusiasm about the transaction, stating, "Fred and Kibbee Akel were fantastic clients and built a business that is very attractive to investors. We worked closely with them throughout the process to identify and vet qualified investors, ultimately finding the right partner in Roebling."

Fred Akel, the owner of SprayEZ, commended the Heritage Capital Group team for their relentless professionalism and guidance throughout the acquisition journey. "I couldn’t be happier with the way Joe, Don, JP, and Hannah facilitated our recent acquisition. Their expertise made the transaction seamless and efficient," he remarked. Akel emphasized the importance of Heritage's support, saying, "I could not have closed the transaction without their assistance. I highly recommend Heritage Capital Group to anyone considering a business sale."

The Role of Heritage Capital Group

Heritage Capital Group played a critical role as the exclusive financial advisor and intermediary for SprayEZ in this acquisition. The accomplished deal team, led by Joe Hawkins and comprising members such as Don Wiggins, Hannah Solomon, and JP Allen, exceeded expectations in aligning the firm's objectives with the right investor, illustrating their expertise in managing complex transactions. The specifics of the transaction terms remain undisclosed, but the successful closure signifies a bright future for both SprayEZ and Roebling Capital Partners.

The firm’s core competencies include offering objective advice on mergers, acquisitions, divestitures, business valuations, and strategic advisory services aimed at maximizing enterprise value. Heritage Capital Group is a FINRA registered broker-dealer and counts itself among the ranks of Oaklins—a global leader in mid-market mergers and acquisitions, leveraging the expertise of 850 professionals across 45 countries.

In conclusion, the acquisition of SprayEZ by Roebling Capital Partners not only opens new avenues for growth but also reinvigorates the sector with innovative strategies and an enduring focus on quality.