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Plumbing News
RectorSeal® Acquires SureSeal®,
the Market-Leading Manufacturer of Waterless Floor Drain Trap
Seals.
The acquisition positions RectorSeal as the leader in
waterless trap seal protection, a high growth segment of the
plumbing market.
 Houston--RectorSeal®
Corp., a leading manufacturer of quality plumbing and HVAC/R
products, acquired selected assets and the SureSeal® brand from
SureSeal Manufacturing (SSM), Tacoma, Wash., on Jan. 2.
SSM manufactures and distributes SureSeal, the leading brand of
waterless floor drain trap seals. “SureSeal is established as the
premier brand in this category, therefore it’s a natural fit that
provides RectorSeal with an outstanding growth opportunity.” said
David Smith, president, RectorSeal, Houston.
The SSM product line consists of ASSE-1072-certified SureSeal floor
drain trap seals (aka waterless trap primers) and two upcoming
products.
"We are excited to expand our relationship with RectorSeal, because
they have the industry connections, distribution network, and
organizational resources that are key to taking SureSeal to the next
level and beyond," said Kevin Huber, senior vice-president--
business development of the surviving company renamed Specialty
Plumbing Products Manufacturing LLC (SPP).
The SureSeal acquisition is the second transaction between
RectorSeal and the team responsible for creating SureSeal, Don
Huber, vice president--manufacturing & product development, and Al
Stakset (retired). Huber and Stakset co-invented the Hubsett™
product line of test couplings that was sold to RectorSeal in 2001.. Story continues below
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While SureSeal started as a
retrofit product, its use is now approved by two of the
three national model plumbing codes for use as an
alternative to trap primers for blocking sewer gas backflow
though floor drains into occupied spaces. Sewer gas is a
dangerous threat to public health and believed to cause and
spread deadly diseases, such as SARS and Legionnaires'
Disease.
SPP will continue manufacturing the product line for
RectorSeal from its Tacoma production facilities. SureSeal’s
former national sales manager, Rick Ensley will administer
the brand from RectorSeal's Houston headquarters as its
product line manager. The acquisition also contracts both
Hubers and Jorge Duque, CFO, to remain in three-year-long
advisory roles for a seamless transition.
RectorSeal, which is a portfolio
company of investment group Capital Southwest Corp., Dallas, Texas,
has actively acquired other companies and brands in the last four
years.
Acquisitions include:
• Airtec, a conglomerate of brands that include Aspen® Pumps,
Fortress™ and Big Foot Systems;
• AquaGuard® condensate management float switch product line, and
Goliath® and Titan™ brands of plastic condensate overflow pans from
Resource Conservation Technologies (RCT);
• Glue-On- Nozzle (G-O-N) a nickel-bronze downspout product line for
commercial building roof drains;
• and recently Australian-based Evolve Group's Evo-Crete™ and
PolySlab™ brands.
The
www.thesureseal.com website will continue to operate. SureSeal
will continue to be sold through traditional wholesalers serving the
PHC and HVAC/R markets and is now supported by RectorSeal customer
and technical support departments at 800-231-3345.
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About RectorSeal: The
RectorSeal® Corporation is a leading manufacturer of chemical and
specialty products designed for professional tradesmen. Steady
growth over the years has been maintained through a commitment to
providing high quality products and services. With a diversified
business strategy, RectorSeal aggressively pursues new and unique
technologies to serve the plumbing, heating, air conditioning,
electrical and construction industries. The RectorSeal Corporation
is devoted to providing innovative quality products supported by
strong customer and technical service.
For more information, visit
www.rectorseal.com, email: marketing@rectorseal.com or call
(800) 231-3345.
About Capital Southwest
CorporationCapital Southwest Corporation (Nasdaq:CSWC) is a Dallas,
Texas based publicly traded business development company, with
approximately $750 million in assets, whose objective is to achieve
current income and capital appreciation through investments in
privately held businesses. On December 2, 2014, Capital Southwest
announced its intent to separate into two public companies through
the spinoff of certain of its control assets into a diversified
growth company and the refocusing of the BDC on lending to strong
middle market companies. As a result, our new investment activity is
focused on senior “unitranche” debt, subordinated debt and equity
co-investments to support the acquisition and growth of middle
market companies. Our control companies are actively seeking growth
through strategic acquisitions. Since Capital Southwest was formed
in 1961, we have always sought to invest in companies with strong
management teams and sound financial performance. As a public
company, we are fortunate to have the flexibility to be creative in
our financing structures and to invest to support the growth of our
portfolio companies with a uniquely long-term perspective.
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