BDO Capital Advisors Announces the Sale of Chemguard to Tyco
Boston, MA – September 22, 2011 - BDO Capital Advisors, LLC is pleased to announce the closing of the sale of Chemguard, Inc. (“Chemguard” or the “Company”) to Tyco International Ltd. (“Tyco”). As the exclusive financial advisor to Chemguard, BDO Capital prepared a confidential offering memorandum, identified and contacted a targeted group of potential buyers and assisted management in structuring and negotiating the transaction.
Chemguard, founded in 1984, is a leading manufacturer of specialty chemicals and equipment used primarily in the fire suppression market. Headquartered in Mansfield, Texas, the Company operates two product groups: Fire Suppression and Specialty Chemicals. The Fire Suppression group manufactures proprietary firefighting foams, foam concentrates, and complete custom-engineered fire suppression systems including pumps, bladder tanks, storage tanks, discharge devices and portable equipment. Chemguard’s Specialty Chemicals group manufactures a line of specialty chemical surfactants that are a primary raw material in the production of fire suppression foams as well as a wetting and leveling agent used in other industrial applications.
Chemguard’s acquirer, Tyco (NYSE: TYC), is a leading provider of electronic security products and services, fire protection and detection products and services, and valves and controls globally. With 2010 revenue of $17 billion, Tyco has more than 100,000 employees in over 60 countries. Chemguard will be integrated into Tyco’s Fire Protection Products business unit.
BDO Capital Advisors sourced this transaction from BDO’s Alliance network.
ABOUT BDO CAPITAL ADVISORS, LLC
BDO Capital Advisors, LLC is a leading middle market investment bank that focuses on mergers and acquisitions advisory, capital raising, and board advisory with offices located throughout the United States. The firm has deep industry knowledge, extensive cross-border transaction experience, and superior execution capabilities. BDO Capital Advisors, LLC provides sell-side and acquisition advisory, ESOP advisory, private placements, fairness opinions, and capital markets advisory. The firm has broad industry expertise and contacts having closed transactions within the Manufacturing & Distribution, Consumer, Food & Retail, Healthcare & Life Sciences, Business Services, Energy & Natural Resources, and Technology, Media & Telecom sectors. Our seasoned investment bankers have collectively advised on hundreds of transactions for a variety of clients including family-owned businesses, entrepreneur-led companies, public corporations, and leading private equity firms.
The firm has worldwide access to buyers, sellers, and offshore investors via the Corporate Finance practices of BDO International’s network of independent member firms which have been ranked collectively as a Top 5 global M&A midmarket advisor based on total deal volume announced in 2016, according to Thomson Reuters SDC. BDO International Corporate Finance firms operate in approximately 60 countries with over 2,000 professionals who are able to meet the investment banking needs of clients across the globe.