Haynes Boone served as legal counsel to READY SEAL, Inc., a Texas-based manufacturer of exterior wood stains, in its recent acquisition by Rust-Oleum Corporation, a subsidiary of RPM International Inc. (NYSE: RPM). The transaction marks a strategic alignment of READY SEAL’s category-leading brand with one of the world’s foremost specialty coatings companies.
Mergers and Acquisitions Partner John McGowan led the Haynes Boone deal team that represented READY SEAL in the transaction. He was supported by M&A Associates Kate Register, Thomas Matteson and Dustin Leenhouts.
“We are proud to have supported READY SEAL in this milestone transaction, underscoring the value of its trusted brand and positioning it for continued success,” McGowan said. “It was also a pleasure to work alongside the team at J.P. Morgan Securities, who was instrumental in achieving a successful outcome for READY SEAL.”
The deal team also included:
Partner Don Shiman and Associate Annie Lawson (Tax)
Partner Mary Mendoza (Environmental)
Partner Bradley Holdbrook and Counsel Elizabeth Breazeale (Real Estate)
Partner Scott Thompson (Employee Benefits)
Counsel Annie Allison (Intellectual Property)
Partner Raquel Alvarenga and Associate Sean Lewis (Labor and Employment)
Partner David Taubenfeld (Insurance)
The acquisition enables READY SEAL to expand its presence in the consumer wood care market by leveraging Rust-Oleum’s robust distribution network and go-to-market capabilities. Known for its "Goof-Proof" performance and premium oil-based formulations, READY SEAL products have become a trusted solution among contractors and DIY users across North America.
Haynes Boone’s M&A Practice Group has comprehensive deal experience, having helped clients close more than 500 transactions in the last five years, with an aggregate value exceeding $50 billion. The firm routinely represents private equity firms, closely held corporations, founders, large financial institutions and Fortune 500 public companies.
