American Securities Completes Royal Buy
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American Securities Completes Royal Buy

royal adhesives nf1American Securities has completed its acquisition of Royal Adhesives and Sealants.  American signed an agreement to acquire the company from Arsenal Capital Partners in late April 2015.

royal nf4Royal Adhesives and Sealants, acquired by Arsenal in November 2010, is a producer of proprietary, high-performance adhesives and sealants and other formulated products used in aerospace and defense, construction, personal care, graphic arts, specialty packaging, automotive and industrial applications.  The company is headquartered in South Bend, IN (www.royaladhesives.com).

American Securities invests in businesses with $200 million to $2 billion of revenue and $50 million to $200 million of EBITDA.  Sectors of interest include industrial manufacturing, specialty chemicals, aerospace and defense, energy, business services, healthcare, media, restaurants, and consumer products. The firm has more than $15 billion of capital under management and has offices in New York and Shanghai (www.american-securities.com).

scott wolff nf2Managing Director Scott Wolff led the transaction for American Securities.  “We believe that Royal’s commitment to product innovation, combined with its experienced and customer-focused management team, positions Royal for a strong future.  We look forward to bringing our resources to bear to support CEO Ted Clark and his team’s continued success.”

KeyBanc Capital Markets acted as financial advisor to American Securities and Credit Suisse Securities and The Valence Group acted as financial advisors to Royal. Weil, Gotshal & Manges was the legal counsel to American Securities, and DLA Piper was legal counsel to Arsenal and Royal.

“American Securities is ideally positioned to support our next phase of growth and development. The firm has significant experience in the specialty chemical sector and a broad and experienced team upon which we can draw,” said Ted Clark, President and CEO of Royal Adhesives & Sealants.

© 2015 PEPD • Private Equity’s Leading News Magazine • 6-19-15

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