Date
Oct 2015
Region
Pennsylvania
Generational Equity, a leading mergers and acquisitions advisor for privately-held, middle-market businesses, is pleased to announce the acquisition of its client, Deacon Industries, Inc. (Deacon), headquartered in Washington, Pennsylvania, by CSW Industrials, Inc. (CSWI), headquartered in Dallas, Texas. The acquisition closed on October 2, 2015.
Deacon is a leading manufacturer of high temperature sealants and injectable packings with applications in a variety of industrial end-markets, both on an emergency and maintenance basis. Applications include vacuum or high-pressure situations involving steam, hydrocarbons, and various chemicals. To learn more, visit www.deaconindustries.com.
"Deacon has worked hard to build a reputation in the marketplace for unmatched quality of service and superior product performance," said Daniel Bruckner, Deacon's president. Managing Director Fred Zweifel led the Generational Equity deal team that advised Deacon on the transaction. "Deacon's unique high temperature product lines made for a natural fit for CSWI portfolio of products," stated Zweifel. CSWI is a diversified industrial growth company with well-established, scalable platforms and deep domain expertise across three segments: Industrial Products; Coatings, Sealants & Adhesives; and Specialty Chemicals. CSWI's broad portfolio of leading products provides performance optimizing solutions to its customers. To read more, visit www.cswindustrials.com.
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