St. Petersburg, Florida – Aberdeen Advisors, Inc., a leading lower middle market M&A advisory firm, served as the exclusive advisor to FiberGlass Coatings, LLC in its sale to Third Arch Investments, LLC.
“It was a privilege to represent FiberGlass Coatings and owners, Bill and Rose Higman, in the transaction with Third Arch,” commented Emery Ellinger, Chief Executive Officer of Aberdeen Advisors. “The Higmans built a remarkable company over the course of more than (30) years and it was an honor working with them to identify the ideal partner to carry on their legacy. We are confident Third Arch, Tecum Capital, and NewSpring Capital will be good stewards as they seek to expand the FiberGlass Coatings brand.”
Prior to the transaction, FiberGlass Coatings was the leading independently-owned composites distributor in Florida, serving a broad customer base across a multitude of industries. More specifically, over multiple decades, the Company established itself as the premier provider of composite materials to the marine and automotive industry, the hospitality and leisure industry, and the overall construction industry.
With locations in St. Petersburg and Ft. Lauderdale, Florida, and an established e-commerce channel, the Company serves a client base of B2B, B2C, and D2C clients.
Third Arch Investments, LLC, a Philadelphia-based private investment firm, partnered with Tecum Capital and NewSpring Capital to complete the acquisition of FiberGlass Coatings, LLC, and its affiliated companies.
Aberdeen Advisors, Inc. is a boutique mergers and acquisitions advisory firm specializing in selling successful lower-mid market companies generating annual revenues of $10 to $ 100+ million. Aberdeen prides itself on superior service performance which includes higher than industry closing rates, higher sales prices, and better overall terms and conditions for our clients. The Firm specializes in many sectors including healthcare, manufacturing and distribution, business and consumer services, technology, construction, and hospitality and leisure.