Arsenal Capital Partners Agrees to Acquire ADCO Global, Inc. from Aurora Capital Group
NEW YORK, NY, JUN 21, 2013 – Arsenal Capital Partners has signed an agreement to acquire ADCO Global, Inc. ("ADCO Global" or the "Company"), a leading global manufacturer of specialty adhesives, sealants and tapes. ADCO Global is a portfolio company of Aurora Capital Group, a Los Angeles-based private equity firm. The transaction is subject to customary conditions to closing, including regulatory approval, and is expected to close during the third quarter of 2013.
Headquartered in Lincolnshire, IL, ADCO Global is a leading supplier of specialty adhesives, sealants, tapes, and coatings serving the Construction, Transportation, and Industrial markets throughout the world. ADCO Global is a leader in developing specialized solutions for insulating glass window, roofing, solar panel, wind, bus/trailer/RV, automotive, marine, civil engineering, telecommunications, security glass and general construction applications. For additional information on ADCO Global, please visit www.adcoglobal.com.
John Televantos, a Partner at Arsenal Capital Partners and co-head of the firm's Specialty Industrials Group, said, "ADCO Global has a long history of innovation, providing great solutions and service to its diverse customers. We look forward to working with ADCO Global's management and employees."
John Knox, Chairman, President and CEO of ADCO Global said, "Aurora has been a great partner for ADCO Global. Aurora's support and governance have been essential to our successful transformation of the business. ADCO Global is excited to partner with Arsenal Capital Partners. Arsenal has an outstanding track record of growing specialty chemicals businesses. ADCO Global is expanding its position around the world with innovative products and solutions to serve market leading customers. Arsenal is well suited to support ADCO Global's continued growth."
Gerald L. Parsky, Chairman of Aurora Capital Group, said, "Aurora prides itself on investing in outstanding middle market companies and providing the resources necessary to enable them to reach a new level of performance. ADCO Global is a clear demonstration of the successful execution of our strategy. We were fortunate to have partnered with John Knox and his exceptional management team at ADCO Global."
About Arsenal Capital Partners
Formed in 2000, Arsenal Capital Partners is a leading New York-headquartered private equity firm that invests in middle-market specialty industrial and healthcare companies. Arsenal makes investments in sectors where the firm has significant prior knowledge and experience. The firm 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. For additional information on Arsenal Capital Partners, please visit www.arsenalcapital.com.