March 22, 2022 – Renovo Capital, LLC (“Renovo”) is pleased to announce the acquisition of A.P. Nonweiler, Co. (“APN” or the “Company”) in partnership with its third generation family owner Mark Nonweiler. The APN investment is indicative of Renovo’s commitment to a vertical industry focus within specialty chemicals and to forming partnerships where our value creation strategies, in-house resources, and buy-and-build experience can deliver meaningful equity value for shareholders and entrepreneurs.
A.P. Nonweiler develops formulations and manufactures a broad range of industrial specialty coatings, selling through both distribution and direct channels to serve a wide range of industrial end markets and applications with its comprehensive portfolio of liquid coatings technologies.
Mark Nonweiler, CEO of APN, commented, “We are excited to embark on a new phase of growth with Renovo. Their deep industry knowledge and experience scaling businesses, acquiring and combining companies, improving core processes, and enhancing organizational capability will allow us to take A.P. Nonweiler to the next level.”
Phil Johnson, Renovo Industry Partner and APN Board Member, commented, “We are thrilled to partner with the APN team to supercharge growth and help achieve their vision of becoming a top coatings company in North America. APN has built a leading business based on technical ingenuity, entrepreneurial drive, high-quality products, and world-class customer care. We look forward to this new chapter in APN’s storied history.”
About A.P. Nonweiler
Founded in 1929, A.P. Nonweiler (www.apnonweiler.com) is an Oshkosh, Wisconsin-based coatings manufacturer specializing in difficult-to-produce, specialty and small batch industrial coatings. APN operates out of a 175,000 square foot manufacturing facility to produce a comprehensive portfolio of industrial coatings products serving a variety of end markets and applications.
About Renovo
Renovo Capital is a Dallas, TX – based lower middle market private equity firm comprised of seasoned operating and investing professionals. Renovo makes control investments in technical businesses that have the potential to generate meaningful value through operational improvements and strategic initiatives. Since its founding in 2009, Renovo has completed over 30 transactions and raised over $400 million of committed capital.
Media Inquiries:
Renovo Capital
Carter Fine
Office – 214-699-4962
Carter.Fine@renovocap.com