{"id":405293,"date":"2020-12-23T15:35:20","date_gmt":"2020-12-23T20:35:20","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=405293"},"modified":"2020-12-23T15:35:20","modified_gmt":"2020-12-23T20:35:20","slug":"arsenal-and-seal-for-life-announce-acquisition-of-canusa","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/arsenal-and-seal-for-life-announce-acquisition-of-canusa\/","title":{"rendered":"Arsenal And Seal For Life Announce Acquisition Of Canusa"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n NEW YORK<\/span>, Dec. 23, 2020<\/span> \/PRNewswire\/ —\u00a0Arsenal Capital Partners (“Arsenal”), a private equity firm that invests in middle-market specialty industrials and healthcare companies, announced today that its coatings platform, Seal For Life Industries (“Seal For Life”), has acquired the Canusa-CPS and Dhatec businesses (“Canusa” or “Company”) from Shawcor (TSX: SCL-T). <\/p>\n

Canusa offers an innovative and differentiated platform of technically complex and highly engineered solutions through a comprehensive portfolio of mission critical corrosion protection solutions.\u00a0 The Company markets leading brands with strong reputations and operates from a global footprint to serve its diversified customer base.\u00a0 Canusa has operations in Canada<\/span>, the Netherlands<\/span>, the United States<\/span>, and the United Arab Emirates<\/span> and has over 250 employees.\u00a0 The Company’s brands, including WrapidShrink\u2122 and Factory Grade\u2122 heat shrink sleeves, Canusa-Seal\u2122 insulated pipe systems, WrapidBond\u2122 visco-elastic adhesives, Scar-Guard\u00ae and WrapidTape\u2122 mechanical protection systems, and HBE\u2122 liquid epoxy coatings, present a differentiated value proposition to customers with a focus on preventing and combating corrosion, water ingress, and insulation issues, with superior lifetime economics.\u00a0 <\/p>\n

Canusa enhances Seal For Life’s product coating and sealing solutions capabilities and expands the platform into broader global infrastructure and industrial markets and regions.\u00a0 Seal For Life’s current technology portfolio provides maintenance and repair solutions that prolong the life and durability of critical applications, such as water, natural gas, and oil pipelines, tanks and terminals, district heating, power generation, and petrochemical infrastructure.\u00a0 <\/p>\n

\n Stuart Wilson<\/span>, Vice President of Canusa, said, “We are excited to partner with Seal For Life and Arsenal given their deep expertise in the infrastructure coating and sealants sector.\u00a0 Our combined and robust platform will enhance our abilities to focus intensely on our global customers, and to accelerate growth in key markets such as renewable energy, industrial infrastructure, and commercial buildings.”<\/p>\n

\n Jeff Oravitz<\/span>, CEO of Seal For Life, remarked, “We are delighted to welcome the Canusa team to the Seal For Life family, and look forward to working with them to accomplish our vision of being the leading global provider of protective coating and sealing solutions for infrastructure markets.\u00a0 The incorporation of Canusa into the Seal For Life platform increases our global scale and the ability to meet the needs of our many global customers.”<\/p>\n

\n Sal Gagliardo<\/span>, an Operating Partner of Arsenal, said, “Canusa has an excellent market reputation for providing its customers with the highest level of performance and quality to meet stringent performance and regulatory requirements.\u00a0 We look forward to supporting the Canusa team and building the business organically and with strategic acquisitions that will further expand our position in the broader protective coatings and sealing solutions space for infrastructure applications.” <\/p>\n

J.P. Morgan Securities LLC acted as financial advisor and Stikeman as legal advisor to Shawcor.\u00a0 Jones Day<\/span> and Fasken acted as legal advisors to Seal For Life.<\/p>\n

\n About Seal For Life <\/b>\n <\/p>\n

Seal For Life provides corrosion prevention, waterproofing, fire and heat protection, and insulation products.\u00a0 The company offers heat shrink sleeves to protect pipeline joints from corrosion and degradation, cathodic protection products, visco-elastic adhesive solutions to protect assets from corrosion and water ingress; cold-applied and fused tape products; single wrap pipeline coating systems; and liquid coating products.\u00a0 It offers products for various markets, such as marine, splash zone and underwater installation, onshore oil, gas, and water pipelines, insulation, casing filler, energy, flooring, refinery, linings, cathodic protection, cables and wires, and waste water.\u00a0 Visit www.sealforlife.com<\/a><\/u>.<\/p>\n

\n About Arsenal Capital Partners<\/b>\n <\/p>\n

Arsenal is a leading private equity firm that specializes in investments in middle-market specialty industrials and healthcare companies.\u00a0 Since its inception in 2000, Arsenal has raised institutional equity investment funds of $5.3 billion<\/span>, has completed more than 200 platform and add-on investments, and achieved more than 30 realizations.\u00a0 Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience.\u00a0 The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add.\u00a0 Visit www.arsenalcapital.com<\/a><\/u>. <\/p>\n

Contact:
Kristen Duarte<\/span> | Prosek Partners
kduarte@prosek.com<\/a><\/p>\n

\n \"Cision\" View original content:http:\/\/www.prnewswire.com\/news-releases\/arsenal-and-seal-for-life-announce-acquisition-of-canusa-301198252.html<\/a><\/p>\n

SOURCE Arsenal Capital Partners<\/p>\n<\/p><\/div>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

PR Newswire NEW YORK, Dec. 23, 2020 \/PRNewswire\/ —\u00a0Arsenal Capital Partners (“Arsenal”), a private equity firm that invests in middle-market specialty industrials and healthcare companies, announced today that its coatings platform, Seal For Life Industries (“Seal For Life”), has acquired the Canusa-CPS and Dhatec businesses (“Canusa” or “Company”) from Shawcor (TSX: SCL-T). Canusa offers an innovative and differentiated platform of technically complex and highly engineered solutions through a comprehensive portfolio of mission critical corrosion protection solutions.\u00a0 The Company markets leading brands with strong reputations and operates from a global footprint to serve its diversified customer base.\u00a0 Canusa has operations in Canada, the Netherlands, the United States, and the United Arab Emirates and has over 250 employees.\u00a0 The Company’s brands, including … <\/p>\n

Continue reading “Arsenal And Seal For Life Announce Acquisition Of Canusa”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-405293","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nArsenal And Seal For Life Announce Acquisition Of Canusa - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/arsenal-and-seal-for-life-announce-acquisition-of-canusa\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Arsenal And Seal For Life Announce Acquisition Of Canusa - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK, Dec. 23, 2020 \/PRNewswire\/ —\u00a0Arsenal Capital Partners (“Arsenal”), a private equity firm that invests in middle-market specialty industrials and healthcare companies, announced today that its coatings platform, Seal For Life Industries (“Seal For Life”), has acquired the Canusa-CPS and Dhatec businesses (“Canusa” or “Company”) from Shawcor (TSX: SCL-T). Canusa offers an innovative and differentiated platform of technically complex and highly engineered solutions through a comprehensive portfolio of mission critical corrosion protection solutions.\u00a0 The Company markets leading brands with strong reputations and operates from a global footprint to serve its diversified customer base.\u00a0 Canusa has operations in Canada, the Netherlands, the United States, and the United Arab Emirates and has over 250 employees.\u00a0 The Company’s brands, including … Continue reading "Arsenal And Seal For Life Announce Acquisition Of Canusa"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/arsenal-and-seal-for-life-announce-acquisition-of-canusa\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2020-12-23T20:35:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=NY32779&sd=2020-12-23\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/arsenal-and-seal-for-life-announce-acquisition-of-canusa\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/arsenal-and-seal-for-life-announce-acquisition-of-canusa\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Arsenal And Seal For Life Announce Acquisition Of Canusa\",\"datePublished\":\"2020-12-23T20:35:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/arsenal-and-seal-for-life-announce-acquisition-of-canusa\\\/\"},\"wordCount\":677,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/arsenal-and-seal-for-life-announce-acquisition-of-canusa\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=NY32779&sd=2020-12-23\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/arsenal-and-seal-for-life-announce-acquisition-of-canusa\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/arsenal-and-seal-for-life-announce-acquisition-of-canusa\\\/\",\"name\":\"Arsenal And Seal For Life Announce Acquisition Of Canusa - 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