Private Equity
Thomas Industrial Coatings
Transaction Overview
Founded by Don Thomas in 1991, Thomas Industrial Coatings (“TIC”) has grown into the fourth largest painting and coatings contracting company in the US. Through its constant investment into equipment and employees, TIC is on the leading edge within the industry for safety practices and guidelines and the incorporation of technology to ensure quality, efficiency, and safety in all its work. TIC provides industrial coating applications, lead abatement, surface preparation, concrete coating, fireproofing, and high-pressure water jetting for municipalities and private companies in a broad range of industries throughout the US. SRC advised the Company on a recapitalization and provided bridge loan financing.
Key Stats
St. Louis, MO
Year of Founding
Investment Profile
Asset Backed Loan ("ABL")
Investment Date
Q2 2015