Transaction type: Merger/Acquisition
Target: SealTech, Inc.
Buyer/Investor: Reinforced Plastic Systems
Industry: Construction and Engineering
Closed Date: July 2008
SealTech, Inc. provides mechanical construction services. The company specializes in composite systems. It offers installation, modification, and onsite repair services. The company was incorporated in 1992 and is based in Mobile, Alabama. The company together with Non Metallic Resources, Inc. provide turnkey, design-to-installation solutions for an international customer base that includes leading corporations in the power generation, chemical processing, pulp and paper, and mining markets, as well as the major engineering, construction services firms that serve these markets.
Boxwood Partners advised on the sale of Non Metallic Resources, Inc. and SealTech, Inc. to Reinforced Plastic Systems, a portfolio company of Southfield Capital Advisors.