BIRMINGHAM, Ala. (August 18, 2023) – Founders is pleased to announce that certain principals of Founders Advisors, LLC advised Perimeter Insect Guard (“Perimeter”) in its sale to Full Guard Capital. The transaction closed on August 8, 2023.
Perimeter, founded in 1994 with facilities in Taylorsville and Stonewall, MS, is the largest provider of insecticide treatment services for uniforms and garments, primarily used by the various branches of the U.S. Military. The Company treats uniforms with an EPA-approved chemical mixture that repels insects, protecting against numerous pathogens such as malaria, Zika virus, Dengue fever, Lyme disease, etc. Perimeter has built long-standing relationships with its customers over the Company’s history serving the military industry and has a proven reputation with prime contractors, establishing themselves as the go-to solution for military uniform insecticide treatment.
Ron Lack, President of Perimeter Insect Guard, said, “I am thrilled to start this new chapter as we partner with Full Guard Capital. With FGC’s support and expertise, we’re poised to capitalize on our shared vision for growth to take Perimeter to new heights. I could not be more excited to lead our team into this journey and look forward to the Company’s future success with FGC as our partner. A big thank you to the Founders team for their guidance through each stage of the transaction process. Their invaluable knowledge resulted in a smooth journey from our initial meeting to the closing day.”
“After meeting Ron and the rest of the Perimeter team, it was apparent that their commitment to delivering exceptional service, prioritizing customer satisfaction, and maintaining a strong dedication to their workforce were top priorities. Full Guard Capital seamlessly matched the criteria Ron and his team were seeking in a partner. We are excited about this newfound partnership and look forward to seeing the Company’s continued growth in the coming years” says John Sullivan, Managing Director at Founders.
Josh Welk, Founder and Managing Partner of Full Guard Capital, commented, “We are deeply impressed with Perimeter’s team, reputation, operations, and growth prospects. As we became acquainted with Ron and the Perimeter team, it was clear to us that the Company is committed to providing exceptional service and attention to its customers and has a strong position in the market. This partnership closely aligns with our core focus on government services, complementing our investment thesis within the space. We are excited about our partnership with Ron and the Perimeter team and look forward to collaborating as we execute our growth plans for the Company. We are committed to supporting Perimeter with added resources and capital to bolster their compelling multi-year growth strategy.”
About Founders Advisors, LLC
Founders is a merger, acquisition, & strategic advisory firm serving middle-market companies. Founders focuses on helping companies across industrial, technology, business services, consumer, and healthcare industries. Founders’ skilled professionals, proven expertise, and process-based solutions help companies access growth capital, make acquisitions, and/or prepare for and execute liquidity events to achieve specific financial goals. In order to provide securities-related services, certain principals of Founders Advisors, LLC are licensed with Founders M&A Advisory, LLC, member FINRA and SIPC. Founders M&A Advisory, LLC is a wholly-owned subsidiary of Founders Advisors, LLC. Founders Advisors, LLC does not provide investment advice. For more information, please visit www.foundersib.com.