Company Description
Pro-Techs Surfacing, LLC (“Pro-Techs” or the “Company”) is a specialized, tech-enabled, surfacing contractor – offering the sales, design, and installation of poured-in-place rubber flooring, artificial playground turf, and mulch. Based in Copley, Ohio, and serving customers nationwide, Pro-Techs has implemented a managed vendor model – which has allowed the Company to manage projects anywhere in the United States. Each of the Company’s surfacing solutions are International Play Equipment Manufacturers Association (“IPEMA”) certified – and utilizes Triax Technologies – a significant technological and safety advantage. As a technology-focusted enterprise, Pro-Techs has cultivated a data-driven operating philosophy – and has developed proprietary, cloud-based, software platforms that utilize two fully integrated systems, and are purpose-built around the Company’s processes and workflow.
Services Provided
MelCap served as the exclusive investment banker and financial advisor to Pro-Techs through the sale of the business. We would like to thank George K. Tomko IV, the Shareholder of the Company, for hiring MelCap to represent Pro-Techs through the entire transaction. It was an honor and pleasure to work with the Company throughout this exciting process.
The Result
In an effort to achieve ownership’s goals and objectives – and to support the Company’s strategic growth plans, MelCap successfully manage a transaction process that led to a sale of Pro-Techs to the ideal buyer for the business. As a result, Pro-Techs was sold to ECORE International (“Ecore”), headquartered in Lancaster, PA. Ecore is a global leader in circular rubber flooring solutions – with 3 primary divisions: (i) Rubber Flooring; (ii) Materials; and (iii) Outdoor Surfacing. Ecore’s philosophical approach to circularity represents its commitment to sustainable and eco-friendly solutions – and Pro-Techs represents a valuable addition to Ecore’s Outdoor Surfacing division, as the Company’s proprietary software and technology will provide significant connectivity between all entities within the division. Ecore is owned by General Atlantic, a New York, NY based private equity firm with more than $108 billion assets under management.
Deal Team
We would also like to thank the deal teams that worked on this transaction. We could not have completed this transaction without your tireless efforts. More specifically, we’d like to thank Critchfield, Critchfield, & Johnston, Sikich LLP, RKL LLP, and Stevens & Lee P.C.
“Engaging the team at MelCap Partners early in the process was one of the most important and impactful decisions I made. From our first conversation, it was clear that the MelCap team brought not only deep technical expertise in M&A, but also an unwavering commitment to understanding my goals and guiding me through each step of the journey. The MelCap team’s professionalism, industry knowledge, and dedication were evident in everything they did – from strategic positioning to navigating negotiations and I always felt confident knowing they were in my corner. I am truly grateful for the opportunity to work with MelCap Partners, and I can honestly say that this process would not have been the same without them.”
