Heritage Capital Group Advises SprayEZ on Sale

JACKSONVILLE, Fla., Feb. 14, 2025 /PRNewswire/ -- Heritage Capital Group, Inc., an investment banking and financial advisory firm serving middle-market and emerging growth companies in the U.S. and worldwide, is pleased to announce that its client Spray Equipment and Coatings, Inc. has been acquired by Roebling Capital Partners.

SprayEZ is a manufacturer, assembler, and distributor of spray foam insulation rigs and supplies. The Company operates out of two facilities, in Yulee, Florida and Oklahoma City, Oklahoma, with a combined 37,000 square feet. The Company manufactures, assembles, and distributes spray foam insulation machines, chemicals, guns, transfer pumps, air dryers, hoses, whips, polyurea, generators, and air compressors. Additionally, the Company offers training classes, replacement part installation, and equipment repairs.

Based in Cincinnati, Ohio, Roebling is a private equity fund focused on lower middle market companies. Roebling partners with founder-led businesses to drive long-term success through operational enhancements, strategic investments, and hands-on expertise. Leveraging its Roebling Value Add™ toolkit, the firm helps businesses scale efficiently while maintaining their entrepreneurial spirits.

"Fred and Kibbee Akel were fantastic clients and built a business that is very attractive to investors," commented Joe Hawkins, deal team lead for Heritage. "We worked very closely with them to achieve their desired outcome. This required vetting several highly qualified investors in order to find the right partner for them. We found that partner in Roebling and designed a structure to satisfy the Akel's short-term and long-term objectives."

"I couldn't be happier with the way Joe, Don, JP, Hannah, and the rest of the Heritage Capital Group team facilitated our recent acquisition. Their professionalism was evident throughout the entire process, making the transaction seamless and efficient," lauded Fred Akel, owner of SprayEZ. "I could not have closed the transaction without their assistance. I highly recommend Heritage Capital Group to anyone considering a business sale."

Heritage served as the exclusive financial advisor and intermediary to SprayEZ. Joe Hawkins led the deal team, which also included Don Wiggins, Hannah Solomon, and JP Allen. The terms of the transaction were not disclosed.

Heritage Capital Group provides objective advice to private companies in the areas of mergers, acquisitions and divestitures, business valuations, debt and equity capital raises, corporate restructurings, and financial and strategic advisory services focused on enhancing the value of business enterprises. Heritage is a FINRA registered broker-dealer, and a member of Oaklins, the world's most experienced mid-market M&A advisor, with 850 professionals globally and dedicated industry teams in 45 countries worldwide.

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SOURCE Heritage Capital Group