Croft & Bender Advises Covan's Insulation

October 15, 2024

Croft & Bender Advises Covan's Insulation

Croft & Bender, a leading middle market investment banking firm, is pleased to announce the successful recapitalization of its client, Covan's Insulation Company, Inc. ("Covan's" or the "Company"), by BrandSafway, a portfolio company of Clayton, Dubilier & Rice and Brookfield Business Partners L.P.

Founded in 1985 and headquartered in Honea Path, South Carolina, Covan's is a market-leading provider of industrial insulation installation, scaffolding, and asbestos abatement services primarily serving the Carolinas and Georgia. Covan's is well known for its deep expertise and strong customer relationships.

Croft & Bender served as the exclusive financial advisor to Covan's throughout the transaction. For more information, please contact Steve Tye, Neale Fisher, or Brad Germany.