Chicago, IL and Southfield, MI – December 2018 – Riverside Advisors (“Riverside”) is pleased to announce that it served as the exclusive financial advisor to Insultab, Inc. in its sale to Pexco LLC.
Based in Woburn, Massachussetts, Insultab is a manufacturer of heat shrinkable and non-shrinkable standard and custom designed tubing products made from PVC, Polyolefin and a variety of other polymers. Insultab’s flexible tubing products are used to insulate, identify, seal, protect, repair, bundle or beautify in a wide variety of electrical, mechanical, structural, medical, commercial, automotive, and military applications. Insultab is well recognized and enjoys a commanding niche in its industry for the finest quality and most complete line of PVC heat shrinkable tubing products.
Based in Atlanta and with multiple plants in the U.S. and Mexico, Pexco is a North American leader in the design and fabrication of specialty plastic products. Pexco provides standard and custom parts and components to manufacturers and end-users across industrial, life science, commercial and consumer market applications.
Philip Cowen, President of Insultab, remarked:
“We believe Pexco is a perfect fit for Insultab. Pexco has the resources and team to help grow Insultab in the coming years.”
Riverside advised the shareholders of Insultab through the entire transaction process. Mr. Cowen noted:
“Riverside was instrumental in navigating the sale process and orchestrating an outcome that achieved the objectives of the stockholders. Riverside clearly understood the business and its value drivers. The Riverside team conveyed the story in a manner to generate strong interest from the market.”
The transaction closed in November 2018. Riverside served as Insultab’s exclusive investment banker. Akerman LLP served as the legal advisor to Insultab.