The VersaFlex Family of Companies (VersaFlex) announced it has reached a definitive agreement to be acquired by PPG. VersaFlex is a manufacturer specializing in polyurea, epoxy, polyurethanes, custom plural component equipment, and geotechnical & insulation foams. Lazard Middle Market served as exclusive financial advisor to VersaFlex. The transaction is expected to close in the first quarter of 2021, subject to customary closing conditions.

VersaFlex is a trusted partner that understands and meets its customers' needs with proven and innovative protective coatings and foams. "We are excited to join PPG, a global paint and coatings leader, with its world-class resources and leading-edge technologies. Their high standards and commitment to deliver sustainable value to their customers will be a benefit for our customers' continued success," said Rob Pawlak, President, VersaFlex.