Mesirow Financial, Inc. announced today that North American Coatings, LLC (“NAC”) has partnered with an affiliate of Valor Equity Partners (“Valor”). Mesirow Financial assisted NAC in attracting a quality partner in Valor.
“Mesirow Financial was an invaluable advisor to North American Coatings,” said Mike Chakos, President of NAC. He added, “Mesirow Financial’s Corporate Investment Banking team was a strong advocate for North American Coatings, and we are very pleased with the outcome.”
Jeffrey Golman, vice chairman of Mesirow Financial, stated, “We are very pleased with the result of this transaction for both the shareholders and management of NAC. Valor is teaming up with a world-class management team with an excellent track record and strong future growth prospects.”
Headquartered in Mokena, Illinois, NAC is one of the fastest growing industrial maintenance service companies. NAC specializes in asset preservation through coatings, sandblasting, fireproofing and other related services for Fortune 500 corporations and governmental agencies operating in the petroleum refining and distribution, power generation, petrochemical, pharmaceutical and public infrastructure sectors. For more information, visit www.nacoatings.com.
Headquartered in Chicago, Illinois, Valor Equity Partners is a lower-middle-market-private-equity firm. Valor looks for market segments and industries which it believes exhibit positive long-term demand dynamics that will support stable revenues from existing business lines, potential revenue and earnings growth, and attractive return on capital.