Charlotte, NC (PRWEB)
September 12, 2017
Tex Tech, headquartered in Portland, ME, is a leading designer and manufacturer of high-performance, fiber-based specialty materials for demanding customer applications across a diverse range of industries. The Company’s sophisticated research and development capabilities, combined with its unique ability to blend and treat materials to exacting customer specifications, has enabled Tex Tech to develop proprietary, often patented, product solutions for market-leading product manufacturers for aerospace, specialty industrial, personal protection and select sporting goods applications. Its products include fire-resistant fabrics, acoustic and thermal insulation, battery barriers, friction-reducers, tennis felt and protective apparel that saves lives and increases worker comfort.
Ciaran Lynch, CEO of Tex Tech, commented: “BlackArch provided tireless commitment throughout the process, strong execution capabilities and significant knowledge of our diverse end markets to ensure we found an exceptional partner for the business. Our entire team at Tex Tech is excited about our future with Arlington Capital Partners and the opportunities for continued growth and expansion. Arlington’s buy and build strategy, significant base of capital, as well as network of aerospace and defense relationships will allow us to rapidly increase the company’s scale. We look forward to continuing the strong relationship we have with our customers and serve their complex requirements for high performance materials by continuing to expand our product offerings.”
BlackArch was retained by ShoreView Industries as its exclusive financial advisor. The transaction continues BlackArch’s strong momentum in the aerospace, defense & government services (“ADGS”) and diversified industrials sectors and is representative of the firm’s focus on providing unique M&A advisory services to market-leading and sponsor-backed growth businesses.
- Arlington Capital Partners has acquired Tex Tech Industries from ShoreView Industries
- Tex Tech is a leading, innovative designer and provider of specialty high performance materials for aerospace, specialty industrial, personal protection and select sporting goods applications
- Management will…