PPG has acquired VersaFlex, a manufacturer specializing in polyurea, epoxy and polyurethane coatings for water and waste-water infrastructure, flooring, transportation infrastructure, and industrial applications, from DalFort Capital Partners.
Morris Wheeler, chairman of the board of VersaFlex and DFCP Operating Partner, stated, “We have enjoyed our journey with VersaFlex and are excited for the team as they join PPG. This outstanding outcome is a testament to the VersaFlex team and DalFort’s strategy of partnering with business owners and their operating teams to build exceptional companies.”
Lazard Middle Market served as exclusive financial advisor to VersaFlex. Greenberg Traurig LLP served as VersaFlex’s legal counsel.