Polymer Solutions Group (PSG), a platform of Arsenal Capital Partners, acquired Flow Polymers, a global provider of specialty additives and dispersions to a number of polymer and plastics end markets, from Geneva Glen Capital.
Twin Brook Capital Partners and Kayne Anderson, the company’s existing lenders, provided debt financing in support of the acquisition. KeyBanc Capital Markets acted as financial advisor to Flow Polymers.
PSG was formed by Arsenal in June 2015 with the acquisition of Peach State Labs, a provider of specialty polymers and performance chemicals.
Cleveland-based Flow Polymers is a manufacturer of proprietary and custom chemical dispersions, process aids and homogenizing agents for tire, automotive, industrial products, wire and cable and plastics markets.
Sal Gagliardo, an operating partner in Arsenal’s Specialty Industrials Group, said, “Flow Polymers builds on our strategy to create a diversified leader of high-value niche solutions serving customers in the polymers and plastics end markets. Flow Polymers has a strong presence in automotive and industrial applications while Peach State Labs provides a number of unique technologies to the construction and lubricants market. We are excited to partner with Mike Ivany and his team to continue to grow the PSG platform.”
John Televantos, a partner who co-heads Arsenal’s Specialty Industrials group, said, “We will continue to build on the Flow Polymers acquisitions by harvesting on new product launches and additional acquisitions that will enable PSG to better serve its existing customers and enter new markets.”