has been acquired by

Covan’s is a leading provider of industrial insulation installation, scaffolding, and asbestos abatement services.

Covan’s Insulation Company, Inc.

  • Industry Industrial
  • Type M&A Sell-Side

About
Covan’s Insulation Company, Inc. (“Covan’s” or the “Company”) is a market-leading provider of industrial insulation installation, scaffolding, and asbestos abatement services primarily serving the Carolinas and Georgia.

Situation
Covan’s engaged Croft & Bender to help the Company find a partner to provide shareholder liquidity and support the Company’s continued growth. Croft & Bender worked with the Company to develop marketing materials, build a financial model, conduct management presentations, manage the diligence process, and negotiate with potential buyers.

Result
Croft & Bender successfully negotiated a sale to BrandSafway, a portfolio company of Clayton, Dubilier & Rice and Brookfield Business Partners L.P.