Pacific Avenue Capital Partners Completes Acquisition of the North American Flooring Business of H.B. Fuller Company, Now Operating as TEC Specialty Products
Pacific Avenue Capital Partners Completes Acquisition of the North American Flooring Business of H.B. Fuller Company, Now Operating as TEC Specialty Products
LOS ANGELES, CA / ACCESSWIRE / December 4, 2024 / Pacific Avenue Capital Partners ("Pacific Avenue"), a Los Angeles-based private equity firm focused on corporate carve-outs and other complex situations in the middle market, is excited to announce it has completed the acquisition of the North American Flooring Business (the "Company") from H.B. Fuller Company ("H.B. Fuller") (NYSE:FUL). The Company, now operating as TEC Specialty Products ("TEC"), is a leading manufacturer of flooring repair and installation products, serving commercial and residential end markets. The Company is headquartered in Aurora, Illinois, and includes six strategically located manufacturing facilities and three warehouses across the United States. TEC's products are available through a wide network of distributors and retail locations throughout the United States and Canada.
加利福尼亚州洛杉矶/ACCESSWIRE/2024年12月4日/总部位于洛杉矶的专注于企业分拆和中间市场其他复杂情况的私募股权公司太平洋大道资本合伙人（“太平洋大道”）很高兴地宣布，它已完成对富勒公司（“富勒”）（纽约证券交易所代码：FUL）对北美地板业务（“公司”）的收购。该公司现在以TEC特种产品（“TEC”）的名义运营，是地板维修和安装产品的领先制造商，服务于商业和住宅终端市场。该公司总部位于伊利诺伊州奥罗拉，在美国各地包括六个地理位置优越的制造设施和三个仓库。TEC的产品可通过遍布美国和加拿大的广泛分销商和零售点网络获得。
TEC Specialty Products offers its customers a comprehensive portfolio of flooring preparation and installation solutions, including adhesives, grouts, mortars, moisture mitigation products, and other specialty surface preparation and repair products. Its best-in-class brands, TEC, Parabond, Fortane, and ProSpec have a long history of reliably supporting resilient, tile, stone, wood, carpet, and other flooring applications.
TEC Specialty Products 为其客户提供全面的地板准备和安装解决方案组合，包括粘合剂、灌浆、砂浆、防潮产品以及其他特种表面处理和修复产品。其一流品牌TEC、Parabond、Fortane和ProSpec在可靠地支持弹性、瓷砖、石材、木材、地毯和其他地板应用方面有着悠久的历史。
The acquisition of TEC Specialty Products is another example of Pacific Avenue's ability to navigate complex transactions and partner with corporate parents to quickly execute seamless carve-outs of non-core business units across a wide variety of industries. Under Pacific Avenue's stewardship, the Company will focus its efforts on further serving customer needs and executing on numerous growth prospects available in the flooring adhesives market.
对TEC Specialty Products的收购是太平洋大道能够驾驭复杂交易并与企业母公司合作，快速对各行各业的非核心业务部门进行无缝分拆的又一个例子。在太平洋大道的管理下，公司将集中精力进一步满足客户需求，实现地板粘合剂市场的众多增长前景。
"We are thrilled to announce the TEC Specialty Products investment. We have strong conviction in the Company's ability to consistently deliver innovative, high-performance flooring solutions to its customers. We look forward to investing the necessary resources and collaborating with the management team to support TEC's continued growth and success in this industry. This closing underscores Pacific Avenue's relentless commitment to being a trusted partner for corporate sellers and management teams, especially in navigating complex transactions." - Chris Sznewajs, Founder and Managing Partner of Pacific Avenue
“我们很高兴地宣布对TEC特种产品进行投资。我们坚信公司有能力持续向其客户提供创新的高性能地板解决方案。我们期待投入必要的资源并与管理团队合作，以支持TEC在该行业的持续增长和成功。此次收盘凸显了太平洋大道坚持不懈地致力于成为企业卖家和管理团队值得信赖的合作伙伴，尤其是在处理复杂交易方面。” ——太平洋大道创始人兼管理合伙人克里斯·斯内瓦斯
"The team at TEC Specialty Products is very excited to partner with Pacific Avenue. For over 65 years, TEC has been synonymous with innovation, quality, and exceptional support for our customers' flooring installation needs - a legacy that will persist. This collaboration opens new doors to improve service for our customers, empower our team, and fuel growth for TEC and our industry overall. I look forward to working alongside the Pacific Avenue team as we build toward our shared vision for the future." - Mike Leuschner, CEO of TEC Specialty Products
“TEC特种产品团队非常高兴能与太平洋大道合作。65 年来，TEC 一直是创新、质量和对客户地板安装需求的卓越支持的代名词——这一传统将持续下去。这种合作为改善客户服务、增强我们的团队能力以及推动TEC和整个行业的增长打开了新的大门。我期待与太平洋大道团队合作，共同实现未来的共同愿景。”-TEC特种产品首席执行官迈克·洛伊施纳
Pacific Avenue was advised by Chemlink Partners, LLC as financial advisor and O'Melveny & Myers LLP as legal advisor.
太平洋大道由Chemlink Partners, LLC担任财务顾问，O'Melveny & Myers LLP担任法律顾问。
About Pacific Avenue Capital Partners
关于太平洋大道资本合伙人
Pacific Avenue Capital Partners is a Los Angeles-based private equity firm focused on corporate divestitures and other complex situations in the middle market. Pacific Avenue has extensive M&A and operations experience, allowing the firm to navigate complex transactions and unlock value through operational improvement, capital investment, and accelerated growth. The members of the Pacific Avenue team have closed over 105 transactions, including over 40 corporate divestitures, across a multitude of industries throughout their combined careers. Pacific Avenue takes a collaborative approach in partnering with strong management teams to drive lasting and strategic change while assisting businesses in reaching their full potential. Pacific Avenue has more than $1.9B of Assets Under Management (AUM) as of September 30, 2024. For more information, please visit .
Pacific Avenue Capital Partners是一家总部位于洛杉矶的私募股权公司，专注于企业资产剥离和中间市场的其他复杂情况。Pacific Avenue拥有丰富的并购和运营经验，使公司能够驾驭复杂的交易，并通过运营改进、资本投资和加速增长来释放价值。太平洋大道团队的成员在整个职业生涯中已经完成了超过105笔交易，包括40多笔企业资产剥离，涉及多个行业。太平洋大道采取协作方式，与强大的管理团队合作，推动持久的战略变革，同时帮助企业充分发挥其潜力。截至2024年9月30日，太平洋大道管理的资产（AUM）超过19亿美元。欲了解更多信息，请访问。
About H.B. Fuller
关于 H.B. Fuller
As the largest pureplay adhesives company in the world, H.B. Fuller's (NYSE: FUL) innovative, functional coatings, adhesives and sealants enhance the quality, safety and performance of products people use every day. Founded in 1887, with 2023 revenue of $3.5 billion, our mission to Connect What Matters is brought to life by more than 7,500 global team members who collaborate with customers across more than 30 market segments in over 140 countries to develop highly specified solutions that enable customers to bring world-changing innovations to their end markets. Learn more at .
作为全球最大的纯粘合剂公司，富勒（纽约证券交易所代码：FUL）创新的功能性涂料、粘合剂和密封剂提高了人们每天使用的产品的质量、安全性和性能。我们成立于 1887 年，2023 年收入达到 35 亿美元，我们的 7,500 多名全球团队成员将我们的使命变为现实，他们与 140 多个国家/地区的 30 多个细分市场的客户合作，开发高度特定的解决方案，使客户能够为其终端市场带来改变世界的创新。要了解更多，请访问。
Contact Information
联系信息
Chris Baddon
Principal
cbaddon@pacificavenuecapital.com
克里斯·巴登
校长
cbaddon@pacificavenuecapital.com
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Source: Pacific Avenue
来源：太平洋大道
