OAKBROOK TERRACE, IL – March 3, 2021 – Prairie Capital Advisors, Inc. (“Prairie”) is pleased to announce Endurance Technologies, Inc. (“Endurance” or the “Company”) has been acquired by Polytek Development Corporation (“Polytek”), a portfolio company of Arsenal Capital Partners. Prairie acted as exclusive financial advisor in this transaction to Endurance and its shareholders and was led by Anthony Dolan and Tim Witt of Prairie. Terms of the transaction were not disclosed.
Founded under its original name Epoxical in 1992, Endurance is a leading manufacturer of high-quality epoxy and polyurethane resins. Today, the Company has grown to encompass several brands including Bristol Finish, Custom Polymer Designs and MAS Epoxies. Headquartered in South St. Paul, Minnesota, they stand out amidst other manufacturers with their adaptable in-house manufacturing and hands-on customer service and technical support.
Founded in 1984 in Easton, Pennsylvania, Polytek is a leading manufacturer of specialty polymers including polyurethane elastomers and casting resins, silicones, epoxies and latex. These systems are used primarily in mold making and casting applications in industrial, construction, entertainment, fine arts and technology sectors. Polytek is also the parent company of other brands, many of which have been formulating, manufacturing and delivering leading products for decades. Today, these products can be found in businesses and retail stores worldwide.
“The Prairie team was instrumental in helping us understand our options and finding the right partner that was best for our unique situation,” said Endurance owner Dave Hoeffel. “The Prairie team appreciated what was important to the shareholders of Endurance and effectively managed the complete transaction,” he added. “We are glad to have advised Endurance on this transaction. We believe that Endurance’s product specialization, manufacturing capabilities and commitment to customer service will enable Polytek to continue its growth as a leading manufacturer of specialty polymers,” said Anthony Dolan, Director at Prairie. “This transaction represents another successful assignment completed by Prairie’s Investment Banking group as we continue our dedication to serving middle-market family and founder-owned businesses,” added Tim Witt, Managing Director at Prairie.
About Prairie Capital Advisors
Prairie offers investment banking, ESOP advisory, valuation advisory and financial reporting valuations to support the growth and ownership transition strategies of middle-market companies. Headquartered in Oakbrook Terrace, Illinois, the company is a leading advisor to closely-held companies nationwide. Prairie was named the 2020 Valuations & Fairness Opinions Advisor of the Year by M&A Atlas. For more information, visit www.prairiecap.com.
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Prairie Capital Advisors, Inc.