Accella Performance Materials, a maker of polyurethanes and recycled rubber products and a portfolio company of Arsenal Capital Partners since 2012, has acquired Premium Spray Products (PSP), a manufacturer of spray foams used in residential, commercial, and industrial insulation and roofing applications.
“The acquisition of PSP supports Accella’s strategy to build the leading polyurethane systems house in North America,” said Andy Harris President and CEO of Accella. “As a company, we continue to attract, invest in and develop the “best of the best” in polyurethane technology and service.”
Premium Spray Products (www.premiumspray.com) was founded in 2009 and is based in Marietta, GA. The company is led by its President and owner Mac Hess, who will stay on with Accella after closing of the transaction.
Accella is a manufacturer of custom formulated polyurethane systems and recycled rubber products. The polyurethane business is focused on formulations for spray, pour and cast applications involving foams, coatings, adhesives, sealants, and elastomers. The recycled rubber products business manufactures recycled tire crumb, equine matting, athletic flooring, and playground surfacing. With the acquisition of Premium Spray Products, Accella now has eight production facilities across the United States, one in Europe and one in China. Accella is headquartered in the St. Louis suburb of Maryland Heights (www.accellacorp.com).
Arsenal Capital Partners invests in middle-market specialty industrial and healthcare companies that have $50 million to $250 million in enterprise value. Industries of specific interest include specialty & fine chemicals; segments of healthcare; transportation and logistics; power generation; aerospace & defense; and process industry components and services. Arsenal has $1.7 billion of committed capital under management. The firm was founded in 2000 and has offices in New York and Shanghai (www.arsenalcapital.com).
John Televantos, a partner at Arsenal Capital, led the acquisition of Premium Spray Products.
© 2015 PEPD • Private Equity’s Leading News Magazine • 9-9-15