Alantra advised Presco Polymers on its sale to River Associates
Alantra is pleased to announce the sale of its client, Presco Polymers, to River Associates Investments. The transaction closed on February 1, 2019 and the financial terms of the deal were not disclosed. Alantra acted as the exclusive financial advisor to Presco Polymers on this transaction. Headquartered in Sherman, Texas, Presco Polymers is a specialized US manufacturer of safety marking products including marking flags & whiskers, barricade tape and roll flagging, as well as engineered PVC and EVA films for use in a variety of end markets. Presco’s products are highly customizable to meet the branding, marketing, regulatory & safety needs of the customers.
River Associates is a US-based middle market private equity firm. In partnership with River Associates, Presco will seek to continue its 75-year history of growth, pursuing both organic and acquisitive expansion opportunities.
Alantra’s Boston-based deal team included Paul Colone (Managing Partner), Josh Garver (Director), Jon Tetirick (Vice President), Basile Paul-Petit (Associate) and Tim Orie (Analyst). “Presco is an excellent business and we thoroughly enjoyed working with the team to identify the best value-added partner,” said Paul Colone, Managing Director & Partner with Alantra. “The business rightfully generated significant market interest and we are very happy with the outcome as we believe management and River will make ideal partners.”
“Through this transaction, Presco’s management team has the opportunity to partner with River Associates to grow the business alongside a sponsor that has a strong track record of success,” added Josh Garver, Director with Alantra.
Musch Hardt Kopf & Harr acted as legal advisors to Presco Polymers on the transaction.
Jun 2020Sell-side advisoryValue +€100 millionJun 2020SECTOR IndustrialsService M&AValue +€100 million
Feb 2020Debt refinancingFeb 2020SECTOR IndustrialsService Debt Advisory; M&A
Dec 2019Buy-side advisoryDec 2019SECTOR Industrials
Dec 2019Sell-side advisoryDec 2019SECTOR IndustrialsService M&A