“After twenty years of building a national expanded polystyrene business, it became time to obtain liquidity for my partners. Zachary Scott had followed our business for many years, offering thoughts about the business and the timing of an eventual sale.

Although we considered several national firms, we chose Zachary Scott for its knowledge and hands-on service. Our business was sold in four transactions, three of which were managed by Zachary Scott.

The attention they gave each transaction from start to finish allowed us to realize the benefits of much hard work. I would highly recommend them to others.”
Michael ("Mick") Wall, Former CEO & Co-Owner, Premier Industries
Building Products & ServicesManufacturingM&A: Sell-Side
Follow by Email
Facebook
Twitter
Share
Situation

Insulfoam is the leading manufacturer in North America of block molded expanded polystyrene (EPS) products used as insulation for building and construction applications. Insulfoam operates from 13 plants nationally with annual revenues of approximately $200 million. Insulfoam was one of three operating divisions of Premier Industries.

ZS Role

Zachary Scott was engaged as exclusive financial advisor to plan and execute the divestiture of all of Premier Industries’ divisions including its Plastics Products Division (2005), Premier Building Systems Division (2007), and Insulfoam Division (2007).

Results

Zachary Scott organized a competitive, confidential sale process that attracted bids from industry and private equity funds. Insulfoam was sold to Carlisle Companies, a $2.3 billion revenue, diversified manufacturing company for $160 million. Insulfoam will operate as part of Carlisle’s construction group, which includes roofing, coating and insulation products.