Firestone Acquires Silicone Roofing Systems Provider

Firestone Building Products Company LLC (Firestone) has announced its acquisition of Gaco Western (Gaco), a leader in silicone roofing systems and provider of waterproofing and spray foam insulation. The deal, which includes all assets and operations held by Gaco, closed April 3, after a definitive agreement was signed and announced earlier this year.

The acquisition enhances Firestone’s leadership in commercial roofing and allows Firestone to introduce even more options to customers with Gaco’s silicone and acrylic liquid coatings. The enhanced portfolio creates alternative solutions when full roof tear-offs and rebuilds are not feasible, and it presents contractors with products requiring less labor-intensive installation.

“Combining the best of two brands, Firestone and Gaco, represents an opportunity for growth and long-term value as we aim to create new levels of service and innovation in our industries,” says Tim Dunn, president of Firestone Building Products, Bridgestone Americas Inc. “Operations will conduct business as usual across all teams as we begin bringing our portfolios, employees, best practices and distribution platforms together to continue serving as a total solutions provider for our collective customers.”

In addition to expanding Firestone’s roofing product portfolio with silicone polyurethanes, epoxies and acrylic liquid coatings, the deal offers new positions in commercial and residential sectors with decking and waterproofing products that protect pedestrian surfaces, concrete, metal and plywood, and open- and closed-cell foam products which protect and insulate buildings.

Gaco products will continue to be sold under the Gaco brand and will continue to be made at a state-of-the-art manufacturing, research and development facility in Waukesha, Wis.

Financial details of the transaction are not being disclosed.

IPS Corp. Acquires Roof Coatings Company, Metacrylics

IPS Corp., a manufacturer of building and specialty adhesive products, has acquired the Metacrylics roof coatings company, based in Gilroy, Calif. This acquisition is in support of the IPS growth strategy within the roofing industry. IPS Roofing Products is known for roof flashing products for vent pipes, which are manufactured in Tennessee and sold nationally through both wholesale roofing distribution and building products retailers.

Gary Rosenfield, vice president and general manager of the IPS Roofing Products division, comments, “We are excited to enter the cool roof coatings market with the products and service proposition provided by Metacrylics. With the resources of IPS Corp. in support of this business, we plan to build on the previous success and reputation of Metacrylics. I am looking forward to working with the Metacrylics team to help them continue in that effort.”

Mark Anthenien, president and CEO of Metacrylics, says, “We are delighted to be associated with the IPS organization. With their support, we will be able to expand our resources and reach more customers with the high level of service and support that has become the foundation of our success.”

T. Tracy Bilbrough, chairman and CEO of IPS Corp., adds, “The addition of Metacrylics to our portfolio of brands, product lines, and operating facilities is a step forward in our journey of building a platform in industrial and construction related specialty products. We are thrilled to welcome the team and products of Metacrylics to the IPS family.”

Metacrylics is a manufacturer of cool roof coatings, and offers both acrylic and silicone varieties of products. It has a long history of successful installations in many regions of the country. Most recently, Metacrylics’ Extreme Performance acrylic product has been recognized in the commercial roofing market due to its adhesion, ease of installation, solar reflectivity rating, and ability to resist debris over time.

Firestone Acquires Provider of Waterproofing, Spray Foam Insulation Solutions

Firestone Building Products Company LLC (Firestone) has announced that it has reached a definitive agreement to acquire Gaco Western (Gaco), a provider of waterproofing and spray foam insulation solutions for a variety of commercial and residential applications. The acquisition strengthens Firestone’s leadership in commercial roofing and offers positions in residential and commercial building products, reinforcing its commitment to be a leader in the building envelope solution. Firestone Building Products is part of Bridgestone Americas, the largest subsidiary of Bridgestone Corp., a tire and rubber company.

“This acquisition supports our strategic plan to penetrate adjacent product segments,” says Tim Dunn, president of Firestone Building Products. “Adding Gaco’s product portfolio will expand our offering, broaden our customer base, and reaffirm our commitment to being a total solutions provider. We are now also in a position to better capitalize on the demand for liquid coating products and are excited about the opportunity to unearth the value that exists in the combination of the two businesses.”

Financial details of the transaction are not being disclosed. The acquisition is expected to be completed before the end of the first quarter 2017, subject to regulatory approvals and other customary closing conditions.

Founded in 1955, Gaco is privately-owned and headquartered in Seattle. With brands including GacoFlex, GacoRoofFoam and GacoWallFoam, the company produces silicone polyurethanes, epoxies and acrylic liquid coatings for roofs; decking and waterproofing products that protect pedestrian surfaces, concrete, metal and plywood; and open- and closed-cell foam products which protect and insulate buildings. All Gaco products are made at its manufacturing, research and development facility in Waukesha, Wis.

The combination will allow Firestone to provide customers with additional products for their roofing needs. By delivering a repair product at a competitive price point, Gaco’s portfolio of silicone and acrylic liquid coatings offers an alternative for situations when full roof tear-off and rebuild are not an available solution. For contractors, these products allow for less labor-intensive installation, reducing costs. Additionally, the transaction enables Firestone to offer its customers access to Gaco’s waterproofing solutions.

Firestone is a leader within the roofing industry and has a vision for the broader building envelope, combining service, product, and innovation, with a substantial distribution platform. We are excited at the prospects of joining Firestone as it allows us to continue to drive R&D, deliver products to our customers, and offer additional career opportunities to our employees,” says Peter Davis, Gaco chairman and CEO.

ABC Supply Acquires Assets of Team Wholesale

Building products distributor ABC Supply Co. Inc. has acquired the assets of Team Wholesale Inc., a supplier of siding and windows located at 2900 Highland Dr. in Hudsonville, Mich. Susan Zmudzinski will continue in her current role as branch manager.

“Team Wholesale has built a great reputation among contractors in the SW Grand Rapids area,” says Jim Welch, vice president of ABC Supply’s Midwest Region. “Customers will continue working with the same experienced associates at this location who have a breadth of knowledge with regard to siding and windows.”

ABC Supply operates one other branch in Grand Rapids, Mich., located at 2601 Division Ave. S.

FlashCo Acquires Dick’s Lead Shop

FlashCo Manufacturing Inc. completed the acquisition of Dick’s Lead Shop from owner Dick Stolz. The acquisition expands FlashCo’s footprint in the Northwest that is served by their Woodland, Wash., location. After 40 years of building and selling lead flashings to roofers in Washington and other western states, Stolz decided it was the right time to retire and FlashCo was the right organization to purchase his business.

“I have known Dick for 25 years,” says FlashCo CEO Greg Morrow. “I originally sold him sheet lead when I was working in the Washington area and I kept in touch with him as I started and grew FlashCo. We’ve always had a mutual respect for one another and this was a good fit with Dick’s passion for his customers.”

“I started the business in 1976 and I have enjoyed building flashings since then,” says Stolz. “I built the business on hard work, a good product and good service, all the things that my customers will enjoy with FlashCo. I’m happy for FlashCo to carry on the business while I’ll have more time for fishing, golfing and traveling with my wife.”

FlashCo completed the acquisition on Oct. 21, 2015. Stolz began notifying his customers and FlashCo is transitioning them to its full product lineup of standard and custom flashings for commercial and residential roofers.

“We are excited to have completed this acquisition,” says FlashCo Director of Sales Bill Bartell. “Our business is built on saving the contractor time. We do that through our commitment to customer satisfaction, respect, integrity and a can-do attitude. These are core values that Dick’s customers have come to expect from him and they will find the same core values with FlashCo.”

Metl-Span Acquires Vicwest Manufacturing Plant to Better Serve Customers in Canada and the Northeast

Metl-Span, a manufacturer of insulated metal panels, announces the acquisition of the Vicwest manufacturing plant in Hamilton, Ontario, Canada. The new plant allows Metl-Span the opportunity to expand and serve customers competitively within the Canadian and Northeastern U.S. markets. Metl-Span will be fulfilling existing customer orders, as well as offering its comprehensive product line to the marketplace.

Steve Zirkel, Metl-Span’s president, comments: “We are excited about the opportunity to better serve our Canadian customers. This plant acquisition will provide significant growth opportunities as the insulated metal panel market continues to gain share in the nonresidential construction market.”

Metl-Span is an affiliate of NCI Building Systems Inc.

Harris Williams & Co. Sells Harvey Industries to Dunes Point Capital

Harris Williams & Co., a preeminent middle market investment bank focused on the advisory needs of clients worldwide, announces the sale of Harvey Industries Inc., doing business as Harvey Building Products (Harvey), to Dunes Point Capital (DPC). Harvey is a manufacturer and distributor of premium windows, as well as a wholesale distributor of a broad range of high-quality exterior building products. Management as well as members of the Bigony and Morrison families will continue to be meaningful investors in the business. The transaction was led by Mike Hogan, Ryan Nelson and Trey Packard of Harris Williams & Co.’s Building Products Group and Jay Hernandez and Brandt Carr of the firm’s Industrials Group.

“Since its founding by the Bigony and Morrison families, Harvey has become an independent building products distributor and manufacturer in the Northeast with a well-recognized and valuable brand name,” says Mike Hogan, a managing director in Harris Williams & Co.’s Building Products Group. “The sale of Harvey is indicative of the continued strong interest from private equity groups and strategic buyers in the building products sector.”

“It has been a pleasure working with both families and the company’s management team,” adds Jay Hernandez, a director at Harris Williams & Co. “We are excited to see the company, with the support of its new partner, build on its market position and continue its strong track record of growth.”

Founded in 1961 and headquartered in Waltham, Mass., Harvey is a vertically-integrated manufacturer of windows, doors and porch enclosures and a full-line distributor of wholesale exterior building products. Serving customers directly in the Northeast, the company has approximately 1,500 employees and operates two manufacturing facilities, 33 warehouse locations and 13 product showrooms.

Founded in 2013, DPC is a family office and private investment firm pursuing control investments in companies operating in the general industrial and energy sectors. Headquartered in Rye, N.Y., DPC targets companies with enterprise values of up to $500 million.

Harris Williams & Co., a member of The PNC Financial Services Group Inc., is a preeminent middle market investment bank focused on the advisory needs of clients worldwide. The firm has deep industry knowledge, global transaction expertise, and an unwavering commitment to excellence. Harris Williams & Co. provides sell-side and acquisition advisory, restructuring advisory, board advisory, private placements and capital markets advisory services.

Harris Williams & Co.’s Building Products & Materials Group has closed more than 75 transactions across a broad range of sectors, including production, distribution and services related to building materials, commercial and residential construction; infrastructure and public facilities; repair and remodeling; cabinetry, windows, and doors; flooring and tiles; roofing and siding; HVAC, electrical and plumbing; aggregates; asphalt; ready-mix concrete; cement; and engineering and construction services. For more information on the firm’s Building Products & Materials Group, visit the Building Products & Materials Group’s section of the Harris Williams & Co. website.

Harris Williams & Co.’s Industrials Group has experience across a variety of sectors, including advanced manufacturing; aggregates, metals, and mining; chemicals and specialty materials; industrial technology; and packaging. For more information on the firm’s Industrials Group and other recent transactions, visit the Industrials Group’s section of the Harris Williams & Co. website.

Investment banking services are provided by Harris Williams LLC, a registered broker-dealer and member of FINRA and SIPC, and Harris Williams & Co. Ltd, which is authorized and regulated by the Financial Conduct Authority. Harris Williams & Co. is a trade name under which Harris Williams LLC and Harris Williams & Co. Ltd conduct business.

GAF Acquires Quest Construction Products

GAF announced it has completed the acquisition of Quest Construction Products (QCP), a former division of Quest Specialty Chemicals and a supplier of fluid-applied roofing systems and roof-coating products in North America. The transaction, which also provides GAF with a strong presence in coating solutions for pavement and vertical surfaces, is expected to accelerate the robust growth of GAF’s commercial business.

QCP brings excellent brands and product lines to GAF including the Hydro-Stop family of liquid membrane products, the United Coatings line of coating solutions, and the StreetBond pavement coatings. The acquisition instantly gives GAF a position in a high-tech, environmentally friendly, and economically efficient segment of the commercial roofing business.

QCP’s strategically positioned geographic footprint and unique technical expertise in the field will provide GAF with additional solutions to bring to its customers. QCP’s products have gained rapid acceptance in the marketplace due largely to their reflectivity, ease of application, and energy-efficiency. These highly practical and effective products will complement GAF’s existing offerings of roofing technologies and commercial solar solutions.

“This acquisition combines a North American manufacturer and marketer of roofing products with a producer of fluid-applied solutions,” says Bob Tafaro, president and CEO of GAF. “We have acquired excellent brands and will provide an enhanced platform for their growth. QCP’s differentiated and innovative products will also boost our commercial business’s competitive advantage by offering a broader range of solutions to the market. We are empowering our contractors with the products they need to grow their businesses while strengthening our relationships with strategic building owners.”

“This acquisition demonstrates GAF’s ongoing commitment to growth and leadership in the commercial roofing industry. It is in keeping with the extraordinary investments we have made and continue to make to add capacity and gain share in commercial solutions such as insulation (ISO), TPO, and PVC single-ply membranes. We know that the QCP team will further enrich our culture of achievement, and we look forward to working together on a smooth integration.”

Valspar Acquires Quest Automotive Products and Quest Industrial Products

Quest Specialty Chemicals has completed the sale of the Quest Automotive Products and Quest Industrial Products businesses to The Valspar Corp. The two divisions account for approximately $190 million in sales of specialty coatings in the automotive, transportation and industrial markets. Financial terms are not being disclosed.

“Over the past several years we have successfully built strong teams and grown these businesses into leadership positions in their markets. I’m very pleased that in Valspar we have a buyer who can continue to build the business, brands and customer relationships,” says Doug Mattscheck, president and CEO of Quest Specialty Chemicals.

QAP manufactures automotive refinish coatings, fillers, putties, and other accessories primarily under the Matrix, Pro-Spray and USC brands globally, and QIP serves the professional and consumer markets with aerosol spray products and coatings for industrial applications under the Patriot, Raabe and Precision Color brands.

“Our brands are well recognized and respected, and they compete favorably with premium brands in performance and color-matching at a better value,” says Mattscheck. “They will be a good complement to Valspar’s product range.”

Quest previously announced that it was actively seeking new ownership with the blessings of its equity partners, Audax Private Equity and Moelis Capital Partners. Quest retains ownership of the Quest Construction Products business, which makes and sells roofing systems, reflective coatings for buildings and pavement coatings for the construction market.

Mazzella Acquires New Tech Machinery to Enhance International Manufacturing Capabilities

Mazzella Companies has acquired New Tech Machinery (NTM) of Denver. New Tech Machinery is a manufacturer of portable rollforming equipment. To date, NTM has sold machines in more than 40 countries.

NTM manufactures quality portable rollforming equipment for the metal construction industry.

This acquisition adds to Mazzella’s diverse company portfolio. “It will enhance Mazzella Companies’ international manufacturing capabilities and further solidify our position in the architectural metal roof and wall industries.”

New Tech Machinery is based in Denver and has a manufacturing facility in Hermosillo, Mexico. New Tech employs approximately 80 people between both locations and has been in business since 1991.