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Announced

Completed

PPG Industries completed the acquisition of Ennis-Flint from Olympus Partners.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Domestic

Majority

Friendly

engineering

Engineering Consulting

United States

industrial services

Private

Private Equity

Single Bidder

Completed

Synopsis

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PPG Industries, an American global supplier of paints, coatings, and speciality materials, completed the acquisition of Ennis-Flint, a manufacturer and designer of pavement marking materials and traffic safety products, from Olympus Partners, a private equity firm focused on providing equity capital for middle market management buyouts and for companies needing capital for expansion. Financial terms were not disclosed. "Ennis-Flint has thoroughly enjoyed having Olympus Partners as our financial sponsor, strategic sounding board, and trusted advisor for the past four years. Their support for growth both through internal capital projects as well as acquisitions has been critical to our success," said Matt Soule, Ennis-Flint Chief Executive Officer.

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