Citizens advises FT Synthetics on its acquisition by GAF, a Standard Industries holding company
PROVIDENCE, RI– Citizens M&A Advisory announced today that it was the exclusive financial advisor to FT Synthetics on its acquisition by GAF, a holding company of Standard Industries.
FT Synthetics is a fully integrated manufacturer of coated woven fabrics, with a particular focus on developing new and unique industry leading underlayment products designed for the steep pitch roofing industry. This includes operations based in North America with state-of-the-art equipment for nonwoven manufacturing, adhesive application, weaving, coating, laminating and flexographic printing.
Gary Sandhar, Co-Owner and CEO of FT Synthetics, said, “Kevin Mayer and the team at Citizens have provided tremendous support and guidance throughout this transaction. Their market knowledge, technical abilities and strategic negotiation skills were all crucial to this process. In addition, they were dedicated, responsive and determined to achieve a positive result for the company. “
Sandhar added, “We look forward to joining GAF and delivering even greater value to our clients through our combined resources and expertise. ”
Kevin Mayer, Managing Director of Citizens M&A Advisory, said: “This is our third roofing underlayment transaction and our relationship with some of the shareholders of FT Synthetics dates back over a decade. We were delighted to help them find the right strategic partner to continue their story of growth and innovation. We wish all FT Synthetics employees and GAF continued success. ”
Citizens M&A Advisory specializes in mergers and acquisitions in the mid-market. Citizens combines industry intelligence with a customer-centric approach. The Citizens team has completed more than 175 transactions over the past five years and has more than 70 M&A professionals specializing in various industries in the United States. Citizens M&A Advisory is part of Citizens Capital Markets, Inc., a subsidiary of Citizens Financial Group (NYSE: CFG).
About Citizens Financial Group, Inc.
Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $ 187.0 billion in assets as of September 30, 2021. Headquartered in Providence, Rhode Island, Citizens offers a wide range of retail and commercial banking products and services to individuals, small businesses, mid-market businesses, large corporations and institutions. Citizens helps clients reach their potential by listening to them and understanding their needs in order to provide tailored advice, ideas and solutions. In consumer banking, Citizens offers an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 3,000 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, credit, savings, wealth management and small business offerings. In commercial banking, Citizens offers a wide range of financial products and solutions, including lending and leasing services, deposit and cash management, currency risk management solutions, interest rates. interest and commodities, as well as loan syndication, corporate finance, mergers and acquisitions, and debt and equity market capabilities. More information is available at www.citizensbank.com or visit us onTwitter, LinkedIn WhereFacebook.
The testimonials presented are applicable to the individuals depicted and may not be representative of the experience of others. Testimonials are not remunerated and are not indicative of future performance or