Pacific Avenue Completes Acquisition of TEC Specialty Products from H.B. Fuller

Pacific Avenue Capital Partners, a Los Angeles-based private equity firm specializing in corporate carve-outs and complex middle-market transactions, has finalized the acquisition of the North American Flooring Business from H.B. Fuller, now rebranded as TEC Specialty Products. TEC, headquartered in Aurora, Illinois, specializes in manufacturing flooring repair and installation products, utilizing six manufacturing facilities and three warehouses across the United States. This acquisition underscores Pacific Avenue's capability in effectively executing seamless carve-outs and maximizing growth in niche markets. The firm's investment aims to further enhance TEC's service offerings and tap into potential growth avenues in the flooring adhesives sector. Pacific Avenue was guided in this acquisition by Chemlink Partners as financial advisors and O'Melveny & Myers LLP serving as legal advisors. The acquisition aligns with Pacific Avenue’s strategy of fostering strategic collaboration with management teams to achieve sustainable growth. With more than $1.9 billion assets under management, Pacific Avenue continues to assert itself in the middle market space.