Boston-based private equity firm Artemis Capital Partners (Artemis) announced the successful acquisition of R.M. Lucas, a leading manufacturer of coatings, sealants, and adhesives for roof repair and restoration. This partnership represents another milestone within Artemis' history of Specialty Chemicals and Advanced Materials ownership.

Artemis Managing Director and new R.M. Lucas Board member, Peter Hunter, noted the fundamental fit with Artemis saying, "R.M. Lucas' formulated coatings fit perfectly within the Artemis Specialty Chemicals and Advanced Materials segment.  Additionally, it represents yet another Artemis portfolio company serving acyclical, high conviction end markets with technological innovation and quality customer service. We're honored to partner with Rob and the R.M Lucas team."

Deal lead and Artemis Vice President, Olly Forrer, commented on the partnership and future of RM Lucas, "I truly can't say enough about the Barry Family and the business that they've built. We're excited to partner with Rob and our new teammates to strategically build the middle market leader of roof repair and restoration coatings. RM Lucas' exceptional product depth and customer-centric focus make it the ideal platform to serve increasing demand in the roof repair and restoration market."

Under Artemis's ownership, R.M. Lucas will continue to operate as an independent company from its headquarters in Chicago, IL. Deloitte Corporate Finance LLC acted as the exclusive financial advisor to R.M. Lucas Co.