Merit Capital Partners together with BlueArc Capital Partners, recently partnered with management to acquire CyCan Industries, Inc. (“CyCan” or the “Company”).
Headquartered in Woodstock, Georgia, CyCan develops and manufactures a diverse range of product formulations such as adhesives, cleaners, lubricants, fragrances, and coatings. The Company’s products are packaged in canisters, aerosols, and bulk and are utilized across various applications in the construction, HVAC, woodworking, household, automotive and general industrial end markets. The Company both contract manufactures its products and sells its own branded products under the Quality Aerosols name. CyCan often assists in customizing formulations to meet specific customer needs and has amassed a formulary of 3,000+ market ready, certified products.
Evan Gallinson, Managing Director at Merit, said, “We are excited about this opportunity and believe CyCan is positioned to achieve continued growth as a trusted provider of specialty chemicals solutions. We are proud to partner in this investment alongside BlueArc Capital and CyCan’s talented leadership team.”
Merit provided subordinated debt and equity in this investment. Please contact Evan Gallinson or Brian Heck for more details.