Balmoral Affiliate and Management Acquire Flint Hills' Peru EPS Business (Epsilyte)

Epsilyte (Balmoral-backed) Acquires Polysource

June 1, 2021

Manufacturing

Epsilyte Holdings LLC, a portfolio company of Balmoral Funds, has acquired Polysource Inc., a Piqua, Ohio-based producer of compounded expandable polystyrene (EPS) and molded products. The deal creates a new "Compounded EPS" business unit within Epsilyte (Polysource has ~90 employees), retains Polysource chairman Erik Wehtje as an adviser, and names Matthew Cox to lead the new unit.

Epsilyte Holdings Acquires StyroChem Canada Ltd. from PMC Capital Partners

October 4, 2021

Building Products

Epsilyte Holdings LLC, a Balmoral Funds portfolio company, has acquired StyroChem Canada, Ltd. from PMC Capital Partners; financial terms were not disclosed. The deal creates one of North America’s largest producers of expandable polystyrene (EPS), with Epsilyte operating three production sites and more than 300 associates, and is intended to expand capacity and customer solutions across building insulation, packaging and safety markets.

Carlisle Companies Acquires Plasti‑Fab (PFB's EPS Insulation Business)

October 18, 2024

Building Products

Carlisle Companies has completed the purchase of the expanded polystyrene (EPS) insulation segment of PFB Holdco, Inc. — comprised of the Plasti‑Fab and Insulspan brands — for approximately $259.5 million in cash. The business, headquartered in Calgary, Alberta with manufacturing operations in Canada and the U.S., expands Carlisle's EPS capabilities and geographic footprint and is expected to close in Q4 2024 (transaction announced as a sale by The Riverside Company / PFB).

Hydrite Acquires Enterprise Specialty Products, Inc.

September 4, 2025

Manufacturing

Hydrite, a family-owned chemical manufacturer headquartered in Brookfield, Wisconsin, acquired Enterprise Specialty Products, Inc. (ESP), a Laurens, South Carolina-based foam control product provider, effective September 3, 2025. The deal expands Hydrite’s product portfolio and marks its entrance into the U.S. Southeast region; ESP founder Allen Waters will continue to oversee day-to-day operations to ensure continuity for customers and employees.

Alter Pharma Acquires EcoPharmaSupply (EPS)

April 6, 2022

Pharmaceuticals

Belgian pharmaceutical group Alter Pharma — a Riverside-backed platform — has acquired EcoPharmaSupply (EPS), a Benelux-focused pharmaceutical distributor and services company. The add-on expands Alter Pharma’s distribution footprint, product portfolio (OTC, consumer health, medical devices and prescription drugs) and logistics/procurement capabilities to support pharmacy and hospital customers in the Benelux region.

Miller Environmental Group Acquires Environmental Products & Services of Vermont (EPS)

January 14, 2020

Industrial Services

Miller Environmental Group (MEG), a portfolio company of GenNx360 Capital Partners, acquired Environmental Products & Services of Vermont, Inc. (EPS). The deal expands MEG’s environmental and industrial services footprint — adding EPS’s 17 branches and national accounts capability to accelerate geographic growth and service coverage across the eastern United States and nationally.