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Boxwood Partners Advises on the Sale of NMR and SealTech to Reinforced Plastic Systems, a Portfolio Company of Southfield Capital Advisors

Richmond, VA (PRWEB) August 19, 2008 -- Boxwood Partners, LLC (http://www.boxwoodpartnersllc.com) is pleased to announce the strategic sale of Non Metallic Resources, Inc. (NMR) and SealTech, Inc. to Southfield RPS Holdings, Inc., d/b/a Reinforced Plastic Systems (RPS), a portfolio company of Southfield Capital Advisors. Boxwood Partners acted as the exclusive advisor to both NMR and SealTech with respect to the transaction. Terms were not disclosed.

Based in Mobile, Alabama, NMR is a leading manufacturer and innovator of engineered, custom-fabricated composite products including a broad range of flexible reinforced plastic and dual laminate piping and fittings, heavy ducting, and engineered composite panel products used in a variety of industrial applications. SealTech, a distinct company with common ownership with NMR, provides comprehensive field installation, maintenance, and repair services. The companies together provide turnkey, design-to-installation solutions for an international customer base that includes leading corporations in the power generation, chemical processing, pulp and paper, and mining markets, as well as the major engineering, construction services firms that serve these markets.

John Webster, the founder of NMR and SealTech, said "Both NMR and SealTech are great fits with RPS given their innovative products, engineering capabilities, installation and repair services, customer base, and most importantly their people. The NMR/Sealtech team looks forward to working together with RPS and Southfield to capitalize on the many exciting opportunities within the U.S. and internationally." Regarding Boxwood Partners, Webster added, "Boxwood was very knowledgeable, professional, and easy to work with - they really helped us achieve our goals and get this deal done."

About Reinforced Plastic Systems

Founded in 1956, Reinforced Plastic Systems provides custom corrosion-resistant composite products and related design, installation, and maintenance services primarily to the power, pollution control, chemical, pulp and paper, steel, mineral processing, and water/waste treatment industries. The company is headquartered in Mahone Bay, Nova Scotia and operates eight facilities throughout the United States and Canada. RPS was acquired by Southfield Capital Advisors in January 2008.

About Southfield Capital Advisors

Southfield Capital Advisors is an operationally driven private investment firm focused on buying and building premier lower middle-market businesses in partnership with management. Founded in 2005, Southfield Capital provides equity for majority recapitalizations and management-led buy-outs of privately owned businesses and divisions of public companies. The firm manages $150 million in capital and seeks investments in companies generating $5-15 million of EBITDA based in North America with compelling business models, exceptional management teams, and attractive growth and profitability trends. Southfield Capital is headquartered in Greenwich, Connecticut, with additional offices in Louisville, Kentucky and Alexandria, Virginia. For more information, visit www.southfieldcapital.com.

About Boxwood Partners

Boxwood Partners, LLC (www.boxwoodpartnersllc.com), together with its affiliate Boxwood Capital Partners, is an integrated mid-market investment banking and private investment management firm based in Richmond, Virginia. Boxwood Partners combines a unique blend of senior-level transaction advisory, business operating experience, and proven process execution skills to give its clients a distinct advantage in the market. The firm's extensive relationships within the global capital and buyer communities (including U.S. and international private equity groups, corporations, hedge funds, and lenders) and other important transaction-related service providers such as consultants, attorneys, and accountants ensure that the firm's clients receive the attention and service they deserve.

Contact: Bobby Morris

Phone: 804.343.3442

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This press release has been reprinted from PRWEB per the terms and conditions of the copyright notice.



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