Confluence Advisors, LLC (“Confluence”) served as the exclusive advisor to Forta Corporation (“Forta”) with respect to its investment from PNC Riverarch Capital (“Riverarch”), a middle-market private equity firm affiliated with the PNC Financial Services Group, Inc. (NYSE: PNC). Members of the Lindh family will continue to lead the business and remain as shareholders, with John Lindh promoted to CEO and Lauren Lindh Camp promoted to President.
Headquartered in Grove City, Pennsylvania, Forta is a world-leading manufacturer of synthetic fibers for use in concrete and asphalt applications. It has provided fibers for over one billion square feet of reinforced concrete worldwide and is one of the most widely recognized brands in the industry. The company has developed proprietary and patented product lines to be Stronger Lasting™ for increased life and performance of concrete and asphalt. Forta’s products are in all 50 states and over 50 countries worldwide. Its products are used in the most demanding environments and prestigious locations including sophisticated distribution centers, bridges, airports and roadways, including the German Autobahn and the Jackson Hole Airport.
“Forta continues to experience strong growth in its key markets and we are excited to partner with Riverarch in this next phase of rapid expansion." said John Lindh, CEO.
Lauren Lindh Camp, President, added, “We are grateful to have chosen Confluence to represent us. The team was great to work with and they exceeded our expectations with their dedication and commitment and always had our best interest in mind.”
(See PNC Riverarch’s press release)
About Confluence Advisors, LLC
Confluence Advisors helps business owners maximize the sale of a business, raise optimal funding, or acquire a business. With over 80 years of combined deal experience and more than $2 billion in transactions, the Confluence team works every day to help companies and their stakeholders through critical business transitions.