Arsenal Capital Partners (a private equity firm that specializes in investments in industrial and healthcare companies) announced that it has completed a majority investment in Polycorp Ltd., which is a leading manufacturer of engineered elastomer solutions. The terms of the deal were undisclosed.
Polycorp is based in Elora, Ontario and employs approximately 250 full-time staff. And the company serves its global customer base with rubber- and polyurethane-based elastomer solutions that help reduce corrosion, abrasion, vibration, and noise. Polycorp’s leading engineering and design services – combined with its robust molding, calendering, and extrusion capabilities – underpin its success in serving mission-critical, infrastructure, and industrial-focused applications for the mineral processing, rail, and protective linings industries.
William Blair & Company, L.L.C. acted as the exclusive financial advisor to Polycorp. Harris Williams served as Arsenal’s financial advisor.
KEY QUOTES:
“The transaction with Arsenal will accelerate Polycorp’s strategic growth initiatives and enable additional investment in our manufacturing and R&D capabilities, human capital, and strategic acquisitions. I am especially excited to partner with Arsenal given the firm’s established track record of building leading materials technology businesses in the elastomers sector.”
– Peter Snucins, founder of Polycorp; who will will remain as an investor and Board member of Polycorp
“The company’s portfolio of capabilities is a natural fit for Arsenal, given our previous successful experiences investing in elastomeric and polymeric technologies, such as rubber and polyurethanes.”
– Brett Schneider, an Operating Partner of Arsenal
“We are excited to partner with Polycorp given the company’s best-in-class elastomeric technologies and customer service capabilities.”
– Dan Bruck, a Principal of Arsenal
