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Sun Private Equities Announces Major Equity Participation In Poly Lining Systems Incorporated

Sun adds Poly Lining Systems to its growing group of lining and coating manufacturing and industrial service applicator companies

Palm Beach, FL (July 29, 2012) | Sun Private Equities (SPE) today announced it has concluded its acquisition of a major interest in Poly Lining Systems Incorporated (PLS), a manufacturer of specialized tank linings and coatings, which is headquartered in Franklin, NH. PLS supplies its specialized resins and application equipment and technologies for use in the petroleum and chemical industries. PLS has licensed applicators in multiple continents, with a major interest in the African and Asian markets.

"This participation is about unlocking potential for expansion in additional markets," said Laura Pearlman, spokesperson for SPE. "PLS will be able to intensify its focus on the development of new cutting-edge products and market opportunities it needs to fuel its future growth with the investment and strategic resources of SPE."

"Sun Private Equities is a closely held, quiet equities group that does not solicit any outside investment, with interests in the coatings application and manufacturing industries, industrial and commercial real estate, automotive after market services and composite fabrication. Our reach is geographically in and outside of North America," continued Pearlman. "SPE has a strong track record of purchasing or helping to launch the startup of smaller companies with high potential for growth, partnering with the existing management team and employees to build significant value for every stakeholder."

The current management team will continue to lead the organization. "We are eager to start this new chapter in our history," said Jeff Colner, VP at PLS. "We have made tremendous strides improving product and profitability while growing the business. This transaction will allow us to accelerate our growth and serve our customers more effectively."

Poly Lining Systems Introduces PLS 411a Series For Above Ground Storage Tanks

PLS Rolls Out a Specially Formulated System for use as an AST Bottom Lining

Plymouth, NH USA (July 11, 2010) – Poly Lining Systems has introduced the 411a Series, a complete system for the corrosion protection of above ground petroleum storage tank bottoms. It consists of PLS 411a Base Resin, PLS 411b Structural Reinforcement Fiberglass and PLS 411c Velvet.

Jeff Colner, VP of Operations at PLS, reports, "The 411a lining series has superior corrosion resistance and provides an excellent field-proven system for many fuels including: gasoline, kerosene, heating oil and crude oils. Structurally this system is an enhanced fiberglass reinforced barrier with increased structural properties beyond that offered by simple corrosion coatings." When asked about ease of application, Colner continued, "For a composite product the 411a is extremely versatile. The Base Resin is suitable for various fabricating methods including hand lay-up and spray application. The challenge in creating such products is to have just the right ease of application, viscosity, abrasion resistance, flex modulus and, of course, superior corrosion resistance. The 411a Series has all of these."

Poly Lining Systems markets its line of cutting-edge tank and containment linings and coatings globally through a network of PLS directly trained, equipped and supported independent applicators. PLS and its worldwide applicators network provide cost-effective solutions for situations where corrosion, abrasion and chemical attack are present.

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