Boxwood Partners served as exclusive financial advisor to AmCoat Industrial on a senior secured financing arrangement with ServisFirst Bank, the investment bank announced.
AmCoat, headquartered in Destin, Florida, manufactures and distributes ceramic and elastomeric coatings for residential, commercial and industrial applications, including its Rhino Shield ceramic coating and Floor Shield concrete floor coating systems. The company sells through a nationwide network of independent dealers.
The financing will support AmCoat’s merger with Rhino Shield of Florida, fund dealer operations and support infrastructure, and finance additional dealer acquisitions, according to the announcement.
“This financing is an important step forward for AmCoat,” said Jason Crawford, managing partner at One in a Row Ventures and president of AmCoat Industrial. “It gives us additional capacity to invest in product innovation, strengthen the support we provide to our dealers and customers, and continue building the business for the long term.”
Boxwood Partners, based in Jupiter, FL, advises founder-led and private equity-backed businesses.
