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Coatings Manufacturer Acquired by Texas-Based Financial Institution

Venture capital and private equity firm DalFort Capital Partners (Dallas, Texas, USA) acquired epoxy and urethane coatings manufacturer Milamar Coatings (Oklahoma City, Oklahoma, USA). Milamar joins a burgeoning portfolio of coatings firms owned by DalFort that includes VersaFlex (Kansas City, Kansas, USA), Raven Lining Systems (Broken Arrow, Oklahoma, USA), and Bridge Preservation (Kansas City, Kansas, USA).

Milamar is a manufacturer of high-performance epoxy and urethane coatings systems for protecting and repairing substrates with over 35 years of industry experience. Formerly owned by ShoreView Industries (Minneapolis, Minnesota, USA), Milamar offers a wide range of industrial brands that provide specialty coating solutions for various markets and industries.

Thanks to its acquisition by DalFort, Milamar will be able to expand its product line of coatings products that currently includes brands as International Coatings, PolyMax, Protective Floorings & Linings, and Vanberg Specialized Coatings. Representatives from both Milamar and DalFort expressed enthusiasm about their union.

“This is an exciting opportunity for Milamar to unite with customer-focused brands that share our vision to provide training and growth opportunities for customers who take pride in upholding the highest performance standards,” says Milamar General Manager Kyle Frans.

“This move allows us to broaden our specialty coatings portfolio and gain access to a unique array of solutions and services which help us in delivering increased value to our customers,” adds DalFort Operating Partner Tom Verghese.

Source: Milamar Coatings, www.milamar.com.