Brazos Merges Ennis and Flint through $575M Recap
April 3, 2012- Share:
Ennis-Flint, created through the merger of Ennis Paint and Flint Trading, provides pavement marking materials that are used in the construction, maintenance and repair of highways, roads and airports. The transaction was financed with a $405 million credit facility arranged by Credit Suisse. Through the merger, Brazos became the majority investor in the combined company, which has an enterprise value of $575 million. Brazos has backed Ennis and Flint since 2007 and 2010, respectively.
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