OnPoint Warranty Solutions LLC acquired Guardian Protection Products, Inc. from RPM International Inc. for $56.7 million.
January 23, 2023
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OnPoint Warranty Solutions LLC acquired Guardian Protection Products, Inc. from RPM International Inc. (NYSE:RPM) on January 20, 2023. The investment from Waterfall and Atalaya supports the acquisition of Guardian Protection Products, Inc. The existing management team at Guardian, led by Jed Rovin, will remain with the company under OnPoint?s ownership. Mayer Brown LLP served as legal counsel to Waterfall. Orrick, Herrington & Sutcliffe served as legal counsel to Atalaya. Bevilacqua PLLC served as legal counsel and Capstone Partners served as financial advisor to OnPoint. Calfee, Halter & Griswold LLP served as legal counsel and Houlihan Lokey served as financial advisor to Guardian.
OnPoint Warranty Solutions LLC completed the acquisition of Guardian Protection Products, Inc. from RPM International Inc. (NYSE:RPM) for $56.7 million on January 20, 2023. As reported, RPM International received proceeds of approximately $49.2 million, net of cash disposed. The transaction also includes a future contingent cash receipt of up to an additional $7.5 million which may be recognized upon achievement of certain financial goals.
RPM International Inc., through its subsidiaries, manufacture, market and sell various specialty chemical product lines, including specialty paints, infrastructure rehab and repair products, protective coatings, roofing systems, sealants and adhesives, focusing on the maintenance and improvement needs of the industrial, specialty and consumer markets. It operates through four segments: Construction Products Group (CPG), Performance Coatings Group (PCG), Consumer Group (Consumer) and Specialty Products Group (SPG). Its CPG segment includes construction sealants and adhesives, coatings and chemicals, roofing systems, concrete admixture and repair products, building envelope solutions, insulated cladding, flooring systems, and weatherproofing solutions. Its PCG segment includes flooring solutions, corrosion control and fireproofing coatings, infrastructure repair systems, fiberglass reinforced plastic gratings, drainage systems, and raised-flooring systems for outdoor environments.
RPM INTERNATIONAL INC. 
