"This transaction will allow us to accelerate our growth and serve our customers more effectively."
(PRWEB) October 27, 2012
Palm Beach, FL. Sun Private Equities (SPE) today announced it has concluded its acquisition of a major interest in Poly Lining Systems Incorporated (PLS), a manufacturer of specialized tank linings and coatings, headquartered in Franklin, NH. PLS supplies its specialized resins and application equipment and technologies for use in the petroleum and chemical industries. PLS has licensed applicators in multiple continents, with a major interest in the African and Asian markets.
"This participation is about unlocking potential for expansion in additional markets," said Laura Pearlman, spokesperson for SPE. "PLS will be able to intensify its focus on the development of new cutting-edge products and market opportunities it needs to fuel its future growth with the investment and strategic resources of SPE."
"Sun Private Equities is a closely held, quiet equities group that does not solicit any outside investment, with interests in the coatings application and manufacturing industries, industrial and commercial real estate, automotive aftermarket services and composite fabrication. Our reach is geographically in and outside of North America," continued Pearlman. "SPE has a strong track record of purchasing or helping to launch the startup of smaller companies with high potential for growth, partnering with the existing management team and employees to build significant value for every stakeholder."
The current management team will continue to lead the organization. "We are eager to start this new chapter in our history," said Jeff Colner, VP at PLS. "We have made tremendous strides improving product and profitability while growing the business. This transaction will allow us to accelerate our growth and serve our customers more effectively."