Western Reserve Partners Advises Tectum, Inc. in its Sale to Armstrong World Industries, Inc.
Western Reserve Partners LLC announced that it served as the exclusive financial adviser to Tectum, Inc. in its sale to Armstrong World Industries, Inc. (AWI). The acquisition complements the growth strategy of AWI’s Architectural Specialties business under its ceiling solutions umbrella. The transaction was led by Managing Director Kevin Mayer and supported by Vice President Jason Anderson and Analyst Andrew Ripich.
Based in Newark, Ohio, Tectum is a manufacturer of high-impact wood fiber acoustical panels and roof deck for the commercial and institutional construction industries with a history spanning over 65 years. In particular, the company has a very strong presence in the education market providing noise absorption solutions for decades in school hallways, gymnasiums and indoor swimming pools.