Lifeshield

Background

Life Shield Engineered Systems, Inc. (the “Company”) is a Maryland-based industrial coatings company. Founded in 2004, the Company has a unique patent-pending technology for blast mitigation and ballistic protection. The Life Shield product was developed to provide the most blast-tolerant, lightweight technology for buildings, vehicles and body armor. It has proven to show superior blast resistance protection to any competing products in testing by the U.S. military and certain foreign governments.

The Situation

Life Shield’s proprietary technology caught the attention of another coatings company, The Sherwin-Williams Company, which subsequently made an offer to acquire the business. In lieu of conducting a competitive process, the Company decided to proceed with formal negotiations with Sherwin-Williams.

The Transaction

KPMG Corporate Finance was retained as exclusive financial advisor to the Company. In this role, KPMG reviewed the preliminary offer, advised on the valuation and offer terms, and assisted in negotiating the final terms and conditions.