On June 1, 2017, The Penray Companies, Inc. (“Penray” or the “Company”), a portfolio company of Source Capital, was acquired by PLZ Aeroscience Corporation (“PLZ”), a company majority owned by Pritzker Group Private Capital. BB&T Capital Markets served as exclusive financial advisor to Penray.
About the companies
The Penray Companies, Inc.
Penray is a leading manufacturer and marketer of aerosol, liquid, and other chemical products for vehicles in the automotive, heavy duty, marine, industrial, agricultural, and powersports end markets. The Company sells Penray® and Super-X® branded chemical additives and treatments, as well as private-label products, to customers across the globe. Penray was founded in 1950 and is headquartered in Wheeling, Illinois.
PLZ Aeroscience Corporation
PLZ Aeroscience is the North American leader in specialty aerosol product manufacturing. The PLZ family of companies specializes in the development, manufacturing, packaging, and distribution of a comprehensive line of contract fill, branded, and private-label products. The company formulates, blends, fills, and packages more than 2,500 branded and private-label products including industrial solvents, lubricants and degreasers, adhesives, sanitary supply disinfectants, insecticides, cleaners, polishes, air fresheners, and personal care products. Since 1947, PLZ has filled billions of aerosol cans for thousands of customers. PLZ Aeroscience is a member of Pritzker Group, which owns and operates market-leading companies in the manufactured products, services, and healthcare sectors.
Our focus and expertise across the entire aftermarket channel is a clear differentiator from other firms and enables us to identify opportunities and trends first.
BB&T Capital Markets Serves as the Exclusive Financial Advisor to AAMP in its Sale to The Halifax Group
Two-Tranche Senior Notes due 2024 and 2029
Boss Industries, LLC
BB&T Capital Markets Serves as Exclusive Financial Advisor to Boss Industries, LLC in its Sale to Wynnchurch Capital
Axalta Coating Systems, Ltd.
Initial Public Offering
Syngin Technology, LLC
BB&T Capital Markets Serves As Exclusive Financial Advisor to Syngin Technology in its Majority Sale to Wallenius Wilhelmsen ASA
Advance Auto Parts
Revolving Credit Facility Participant
BB&T Capital Markets Serves As Exclusive Financial Advisor to TBC Corporation in Its Sale of SpeeDee Oil Change & Auto Service to Grease Monkey International
5.50% Senior Notes due 2026
5.00% Senior Notes due 2026
3.875% Senior Notes due 2024
O'Reilly Auto Parts
3.55% Senior Notes due 2026
1-800 Radiator & A/C/Driven Brands
BB&T Capital Markets Advises 1-800 Radiator & A/C in its Sale to Driven Brands
MSDP Group, LLC/Holley Performance Products Inc.
BB&T Capital Markets Serves as Financial Advisor to MSDP Group, a Portfolio Company of Z Capital Partners, in Its Sale to Lincolnshire Management
$300,000,000 3.35% Senior Notes due 2021
and $400,000,000 4.50% Senior Notes due 2025
Driven Performance Brands/Sentinel Capital Partners
BB&T Capital Markets Serves as Financial Advisor to Driven Performance Brands, a Portfolio Company of Dubin Clark & Company, in Its Sale to Sentinel Capital Partners
Arrowhead/The Riverside Company
BB&T Capital Markets serves as Financial Advisor to Arrowhead, a portfolio company of Pfingsten Partners, in its sale to The Riverside Company
Valvoline/Highlander Partners, L.P.
BB&T Capital Markets Serves as Exclusive Financial Advisor to Ashland Inc. in its Sale of Valvoline’s Car Care Products Assets to Highlander Partners, L.P.
Initial Public Offering
5.375% Senior Notes due 2024
BB&T Capital Markets is a division of BB&T Securities, LLC, member FINRA(opens in a new tab) / SIPC(opens in a new tab), and a wholly owned nonbank subsidiary of Truist Financial Corporation. Securities or insurance products and annuities sold, offered or recommended are not a deposit, not FDIC insured, not guaranteed by a bank, not guaranteed by any federal government agency and may go down in value. Read all disclosures.
© 2019, Truist Financial Corporation. All rights reserved.