AmCoat Secures Financing to Support Rhino Shield of Florida Merger
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Need to Know
- AmCoat Industrial secured senior secured financing from ServisFirst Bank.
- The capital is intended to support AmCoat’s merger with Rhino Shield of Florida, infrastructure improvements and additional dealer acquisitions.
- The announcement does not disclose the financing amount or state that the merger has closed.
AmCoat Industrial has secured senior secured financing from ServisFirst Bank to support expansion of its specialty coatings platform, according to Boxwood Partners, which served as the company’s exclusive financial adviser.
Boxwood said the financing will provide capital to support AmCoat’s merger with Rhino Shield of Florida, optimize dealer operations and support infrastructure and finance additional dealer acquisitions.
The announcement does not disclose the amount of financing or provide a timetable for the merger. It also does not state that the merger has been completed.
AmCoat manufactures and distributes ceramic and elastomeric coatings for residential, commercial and industrial applications. Its primary product lines include Rhino Shield ceramic wall coatings and Floor Shield concrete floor coating systems, which are sold through a nationwide network of independent dealers.
Jason Crawford, president of AmCoat Industrial and managing partner at One in a Row Ventures, said the financing gives the company additional capacity to invest in product development, dealer support and long-term business growth.
Boxwood described the financing as part of AmCoat’s effort to scale its dealer-driven platform while continuing to invest in product quality, customer service and dealer relationships.
The financing supports growth in architectural coatings and specialty floor systems distributed through contractor and dealer networks.
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