Enhanced Capital Provides $4.4 Million in Financing To Lapolla Industries, Inc.
Investment provides for working capital and strengthens balance sheet.
NEW YORK, NY–July 16, 2012–Enhanced Capital Partners, Inc., a diversified, national private investment firm, announced today that it provided $4.4 million of financing to Lapolla Industries, Inc. ("Lapolla"). Lapolla, a leading manufacturer and supplier of insulation foam, coatings, and equipment, focused on commercial, industrial and residential applications in the insulation and construction industries will use the funds for working capital to advance the growth of its business. Enhanced Capital made the investment through two of its state-focused funds, Enhanced Capital Texas Fund, LP and Enhanced Jobs for Texas Fund, LLC.
Douglas Kramer, Lapolla's President & CEO, stated, "We are very pleased with Enhanced Capital further supporting Lapolla's growth and Green job creation in Texas over the past seven years."
The Enhanced team was led by Barry A. Osherow, Managing Director, and Holbrook Forusz, Vice President. "Enhanced Capital is excited to support Lapolla." said Holbrook Forusz. "We believe that Lapolla is well positioned to take advantage of the increasing desire of consumers to lower their energy costs. Lapolla's products provide substantial energy savings through their spray foam insulation as well as their acrylic roof coatings."
About Lapolla Industries, Inc.: Lapolla Industries, Inc. , headquartered out of Houston, TX, is a manufacturer of insulation foam and coating products targeting commercial, industrial and residential applications in the roofing and insulation construction industries. For more information about Lapolla Industries, Inc, please use the contact details provided below.
About Enhanced Capital Partners, Inc.: Enhanced Capital Partners, Inc. is a diversified, national private investment firm specializing in investments in small and mid-sized companies. Since 2000, ECP has raised over $500 million through a variety of state and federal public-private investment programs. Enhanced Capital and is headquartered in New York City.
This is intended for marketplace communication purposes only and is neither an offer to sell nor a solicitation of any offer to buy any securities, investment product or investment advisory services. This is not an offering or the solicitation of an offer to purchase an interest in a fund.