Epsylite’s Acquisition of StyroChem Canada

O’Melveny & Myers advised PMC Capital Partners on the selling of StyroChem Canada Ltd, assisted by Cassels Brock & Blackwell LLP, to Epsilyte Holdings, represented by BCF.
Blank Rome advised Epsilyte Holdings.

Epsilyte Holdings LLC, a portfolio company of Balmoral Funds LLC and a Texas-based provider of advanced materials for building insultation, cold-chain packaging and personal safety equipment, acquired StyroChem Canada Ltd. from PMC Capital Partners, LLC.

The acquisition creates one of the largest producers of EPS in North America and will enable Epsilyte to operate three production sites, employ more than 300 associates and provide services in more than 20 countries.

Financial terms of the transaction were not disclosed.

StyroChem was founded in 1975 and was one of the first manufacturers of expanded polystyerene (EPS). Styrochem continues to supply high quality EPS products for customers across the globe from its base in Quebec, Canada. PMC Capital acquired the business back in August 2019.

Epsilyte Holdings LLC is a producer of expandable polystyrene resin, solving the needs for efficient, high-R value EPS. The company is based in Peru, Illinois.

Balmoral is a Los Angeles, CA based private equity fund that was founded in 2005. 

The O’Melveny team guiding PMC Capital on this transaction was led by Corporate partner David Smith (Picture) and counsel Melissa Wright.

The Cassels’ team consisted of Colin Ground, Nicola Geary, Jackie Karbi, Marc Mercier, Patience Kalu Omokhodion, Charles Newman, Bryan Woodman, Corinne Grigoriu, Jocelyn Arnason, Chandimal Nicholas, Brenda Swick, Chris Hersh, Rebecca Lee, Melissa Montana. 

BCF acted with a team led by Mireille Fontaine and consisting of namely Valérie Charpentier, Jean-Christophe Imbeau, Alessia Talarico and Laurence Babin (M&A), Mehrez Houacine and Alexandra Licha (Tax), Paule Tardif and Ashley Weiss (Financing), Isabelle Landry, Pierre Pratte, Eleonora Eusepi and Émilie Leblanc (Real Estate), Anne-Frédérique Bourret (Environment), Jean-François Dagenais (Construction), Kevin Vincelette and Stefania Fratianni (Labour & Employment) and Pascal Gagnon and Emilia Stoute (Corporate).

The Blank Rome team was led by Kipp Cohen and Nathan S. Brill, with support from Jason Reisman, Cory Jacobs, Michael A. Kadlec, Shaun J. Bockert, Shawn M. Wright, George Boggs, Emma C. Jones, Leigh Ann Buziak, Michael R. Darbee, Jose Manalo, and Mary Burgoyne. The Blank Rome financing team was led by Shlomo Troodler and Adam Sansweet, with support from Danielle Mabe.

Involved fees earner: Anne-Frédérique Bourret – BCF Avocats d’affaires; Valérie Charpentier – BCF Avocats d’affaires; Jean-François Dagenais – BCF Avocats d’affaires; Eleonora Eusepi – BCF Avocats d’affaires; Mireille Fontaine – BCF Avocats d’affaires; Stefania Fratianni – BCF Avocats d’affaires; Mehrez Houacine – BCF Avocats d’affaires; Jean-Christophe Imbeau – BCF Avocats d’affaires; Isabelle Landry – BCF Avocats d’affaires; Émilie Leblanc – BCF Avocats d’affaires; Alexandra Licha – BCF Avocats d’affaires; Pierre Pratte – BCF Avocats d’affaires; Paule Tardif – BCF Avocats d’affaires; Kevin Vincelette – BCF Avocats d’affaires; Ashley Weiss – BCF Avocats d’affaires; Shaun Bockert – Blank Rome LLP; George Boggs – Blank Rome LLP; Nathan Brill – Blank Rome LLP; Mary Burgoyne – Blank Rome LLP; Leigh Ann Buziak – Blank Rome LLP; Kipp Cohen – Blank Rome LLP; Cory Jacobs – Blank Rome LLP; Emma Jones – Blank Rome LLP; Michael Kadlec – Blank Rome LLP; Danielle Mabe – Blank Rome LLP; Jose Manalo Jr. – Blank Rome LLP; Michael Darbee – Blank Rome LLP; Jason Reisman – Blank Rome LLP; Adam Sansweet – Blank Rome LLP; Shlomo Troodler – Blank Rome LLP; Shawn Wright – Blank Rome LLP; Jocelyn Arnason – Cassels Brock & Blackwell LLP; Nicola Geary – Cassels Brock & Blackwell LLP; Corinne Grigoriu – Cassels Brock & Blackwell LLP; Colin Ground – Cassels Brock & Blackwell LLP; Chris Hersh – Cassels Brock & Blackwell LLP; Jackie Karbi – Cassels Brock & Blackwell LLP; Marc Mercier – Cassels Brock & Blackwell LLP; Charles Newman – Cassels Brock & Blackwell LLP; Chandimal Nicholas – Cassels Brock & Blackwell LLP; Patience Kalu Omokhodion – Cassels Brock & Blackwell LLP; Brenda Swick – Cassels Brock & Blackwell LLP; Bryan Woodman – Cassels Brock & Blackwell LLP; David Smith – O’Melveny & Myers LLP; Melissa Wright – O’Melveny & Myers LLP;

Law Firms: BCF Avocats d’affaires; Blank Rome LLP; Cassels Brock & Blackwell LLP; O’Melveny & Myers LLP;

Clients: Epsilyte LLC; PMC Capital Partners; StyroChem;

Martina Bellini

Author: Martina Bellini