Marwit Capital and Saybrook have sold Western Emulsions to Idaho Asphalt

Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Western Emulsions Corporation (“Western Emulsions” or the “Company”), a portfolio company of Marwit Capital and Saybrook Corporate Opportunity Funds, has been acquired by Idaho Asphalt Supply, Inc. (“Idaho Asphalt”), expanding Idaho Asphalt’s position in the area of pavement preservation products.

Founded in 1977 and headquartered in Tucson, Arizona, Western Emulsions is the leading independent provider of pavement maintenance, preservation and restoration products for asphalt surfaced roads, highways and parking lots in the U.S. The Company’s products provide cost-effective, environmentally friendly solutions that lower lifecycle costs, extend the useful life of roadways and improve overall pavement quality. The Company’s unique product offering, consultative salesforce and service-oriented business model have enabled it to become the supplier of choice to its customers.

This transaction represents another important deal for Lincoln’s highly active Building and Infrastructure Group. “We were honored to work with Marwit, Saybrook, the Company’s CEO Kevin Trant, CFO Mark Happ and other key managers of Western Emulsions on this important transaction,” said Jeff Corum, head of the Building and Infrastructure Group at Lincoln. “Western Emulsions is a leader in the pavement restoration, maintenance and preservation industry that is poised for continued success. Idaho Asphalt is a strong strategic buyer that will support the Company’s growth initiatives.”

Lincoln acted as exclusive financial advisor to Western Emulsions in this transaction, working closely with Marwit, Saybrook and the management team throughout the sale process. This included providing advisory expertise and managing the preparatory, marketing, negotiation and due diligence phases of the transaction.

Marwit Capital and Saybrook have sold Western Emulsions to Idaho Asphalt
  • 2016
    Close Year
  • Building Products | Industrials
  • Private Equity
    Client Type
  • Strategic | Domestic
    Transaction Type
  • USA

Meet our Senior Team