The Urethane Blog

Mearthane Recapitalization

Alantra advises Mearthane Products Corp. on a recapitalization by Compass Group Equity Partners


SECTORIndustrials

ServiceM&A

Dec 2022https://www.alantra.com/ib-transaction/mearthane-products-corporation-sell-side-advisory-compass-group-equity-partners/

Sell-side advisory

Boston – Alantra, a leading global investment bank and asset management firm, is pleased to announce that Mearthane Products Corporation (“MPC”), a leader in proprietary, branded urethane-based technology, has been recapitalized by Compass Group Equity Partners (“CGEP”). The deal closed on December 23, 2022, and financial terms were not disclosed.

Founded in North Providence, Rhode Island, in 1965, MPC is a leader in the development and manufacture of polyurethane elastomers with a specific focus on advanced thermoset products for use in high performance applications. With an emphasis on urethane technology, partnership, quality, and community, MPC produces high performance parts including belts, rollers, wheels, seals, and enclosures for diverse end markets such as medical & analytical testing, digital printing, vehicle platforms, and sports & recreation.

“We are very pleased with Alantra’s teamwork and guidance throughout this process,” said Kevin Redmond and Peter Kaczmarek, the shareholders of MPC. “Alantra was a committed advisor from start to finish, and clearly delivered on our objective of finding a partner for the next chapter of growth for MPC.”

Paul Colone, Managing Director & Partner with Alantra, said, “We are very pleased to deliver on the MPC shareholders’ objectives to form a new partnership to support their active pipeline of M&A and organic growth opportunities. We have a very active practice in Specialty Materials and MPC meets the definition in every respect due to their focus on developing technical solutions for high performance applications.”

Alantra Director Jon Tetirick continued, “MPC has found an excellent partner in CGEP and we look forward to following the new owners as they continue to execute on MPC’s M&A add-on strategy in what is sure to be an exciting and rewarding future ahead.”

MPC represents another strong credential supporting Alantra’s expertise with Specialty Materials and Industrials. In addition to Mr. Colone (Boston), and Mr. Tetirick (Boston), the Alantra team advising MPC included Sam Worley (Associate, Boston), and Alif Kanji (Analyst, Boston).

www.alantra.com/what-we-do/investment-banking/transactions/?sector=industrials

Read more here: https://www.cgep.com/news/2023/compass-group-announces-strategic-partnership-with-mearthane-products-corporation