FMI Capital Advisors is pleased to announce the acquisition of Bison Innovative Products by Fibergrate Composite Structures, a division of RPM International, Inc. Headquartered in Denver, Colorado, Bison is a leading manufacturer of exterior raised decking and flooring systems. Bison will become part of RPM’s Fibergrate business, a global manufacturer of fiberglass-reinforced plastic solutions for industrial and commercial applications. FMI Capital Advisors served as the exclusive financial advisor to Bison for this transaction.
“The Bison business checks the box on the key characteristics we look for in an acquisition. It has a unique, market-leading product line; track record of impressive top- and bottom-line growth; and synergies with our other businesses that will enable us to accelerate that growth. Plus, it has a strong management team led by Lisa von Gunten and Matt McClaugherty, who are staying on to run the business,” stated Frank C. Sullivan, RPM chairman and CEO.
“From start to finish, our FMI team guided us thoughtfully and expertly through the process,” said von Gunten. “Their experience and knowledge of the industry together with specifics about our business helped us create a managed game plan, even during the pandemic. Their strong advocacy, and patient, comprehensive support throughout the diligence and negotiation process helped us find the right solution for our business and our people.”
Since 1994, Bison Innovative Products has led the industry in designing and manufacturing versatile pedestals, pavers, and site furnishings that offer the design flexibility to create unique and beautiful rooftop environments. From multi-family, mixed-use, and government facilities to healthcare and more, Bison’s products are used for rooftop decks, plazas, terraces, pop-up-parks, and other architectural features requiring maintenance-free pedestals and low maintenance deck surfaces. The company’s products are manufactured in the United States and distributed across North America. For more, visit www.bisonip.com.
RPM International Inc. owns subsidiaries that are world leaders in specialty coatings, sealants, building materials and related services. The company operates across four reportable segments: consumer, construction products, performance coatings and specialty products. RPM has a diverse portfolio with hundreds of market-leading brands, including Rust-Oleum, DAP, Zinsser, Varathane, Day-Glo, Legend Brands, Stonhard, Carboline, Tremco and Dryvit. For more, visit www.rpminc.com.
About FMI Capital Advisors
FMI Capital Advisors, a subsidiary of FMI Corporation, is a leading investment banking firm dedicated to the built environment. With more than 750 completed M&A transactions, FMI’s industry focus enables us to maximize value for clients through deep market knowledge, strong technical expertise, and an unparalleled network of industry relationships.
FMI Capital Advisors’ Building Products team provides mergers and acquisitions advisory, capital formation, and corporate finance services for manufacturers and distributors of products and materials used in residential, commercial, and infrastructure construction. Managing Director Porter Wiley and Vice President Luke Smith served as advisors for this transaction.
For more information, visit FMI Capital Advisors.
FMI Capital Advisors Contact:
Porter Wiley, Managing Director
Luke Smith, Vice President