Maroon Group Acquires Amsyn LLC
MIRUS CAPITAL ADVISORS ADVISES AMSYN LLC IN ITS
ACQUISITION BY MAROON GROUP LLC
July 24, 2019 – Burlington, MA – Mirus Capital Advisors announced that it acted as the exclusive financial advisor to Amsyn, LLC in its acquisition by Maroon Group LLC. Amsyn is a national distributor of specialty chemicals to the coatings, lubricants, nutraceutical, pharmaceutical, and electronics industries. Amsyn’s management team, led by Thomas Castrovinci, will continue to actively manage the business on a day-to-day basis. The transaction represents another example of a successful entrepreneur joining the Maroon team to drive the next phase of the company’s growth.
Established in 1989, Amsyn’s broad portfolio of specialty chemicals and intermediates is supplemented by its differentiated service offering. Through custom synthesis and formulation services, consultative support, and global sourcing capabilities, the company is uniquely adapted to meet the full range of customers’ development, commercialization, and distribution needs. Going forward, Amsyn’s wide range of technical capabilities and global supplier relationships will be additive to Maroon’s existing capabilities and its targeted growth strategy.
“Amsyn’s ability to distinguish itself as a leading provider of technical solutions has resulted in close integration within its customers’ supply chains. The acquisition reinforces Maroon’s position in core markets and is a great fit within our comprehensive portfolio of specialty chemicals and ingredients,” said Terry Hill, CEO of Maroon Group. “We are thrilled to work with Tom and the Amsyn team. They have fostered strong relationships across the industry, resulting in an impressive track record of growth and a sustainable business model that complements our existing technical capabilities,” Hill added.
“We are excited to be part of an organization like Maroon Group that shares our focus on providing innovative solutions to customers’ complex problems,” comments Tom Castrovinci, President of Amsyn. “We look forward to leveraging Maroon Group’s world-class infrastructure and the scale of a larger organization while maintaining an acute focus that our customers and principal partners have come to expect.”
About Maroon Group
Maroon Group, is a leading distributor of specialty chemicals and ingredients across North America. Based in Avon, Ohio, Maroon Group has thrived on creating success for customers by forming partnerships with leading manufacturers and supplying consistent products on time. Customers in the CASE, Plastics, Specialty Intermediates, CARE, and HI&I markets have come to rely on Maroon Group’s technical sales team, exceptional customer service, and global sourcing capabilities.
About Mirus Capital Advisors
Successful business owners have turned to Mirus Capital Advisors for more than 30 years to help them realize their ultimate accomplishment—the sale of their business. As a mid-market investment bank focused on mergers and acquisitions, Mirus drives successful deals for companies in the consumer, industrial, business services, healthcare and technology industries. Mirus has proven time and again that its deep industry expertise, focus on relationships, thorough preparation and unwavering commitment to every deal lead to meaningful accomplishments for business owners.