Providence Investment Partners, alongside Bank of Texas and NewSpring Mezzanine, has made a strategic debt and equity co-investment in Spray Equipment and Coatings, Inc. to support its growth in the insulation market.

Information on the Target

Spray Equipment and Coatings, Inc. (commonly known as SprayEZ) is a leading manufacturer and distributor specializing in spray foam insulation rigs, along with parts and accessories. The company primarily caters to professional contractors across the construction, HVAC, and plumbing sectors. With a commitment to innovation and quality, SprayEZ has established itself as a premier provider within the industry, recognized for its comprehensive product offerings and exceptional customer service.

The strategic investment aims to bolster SprayEZ's growth trajectory, enhancing its operational capabilities and expanding its market reach. The financing will also facilitate the development of new products, ensuring SprayEZ remains at the forefront of industry advancements.

Industry Overview in the Target’s Specific Country

The spray foam insulation market has witnessed significant expansion in recent years due to increasing awareness of energy efficiency and sustainability. This growth is particularly pronounced in the United States, where the constru