Alantra advises Climashield on its sale to Crown Capital Investments

Dec 2021

Sell-side advisory

Boston –  Alantra, a leading global investment bank and asset management firm, is pleased to announce that it has advised Harvest Consumer Insulation, LLC (d/b/a Climashield), the only provider of lightweight continuous filament insulation, on its sale to Crown Capital Investments, an Atlanta-based private investment firm focused on “growing great businesses” across a range of industries. The transaction closed on December 20, 2021, and the transaction terms were not disclosed.

Based in Clinton, Tenn., Climashield designs and manufactures highly engineered, high-performance synthetic thermal insulation materials using continuous filament insulation, a unique raw material and process technology that provides superior thermal insulation efficiencies. Climashield’s advanced “Made in the USA” products are utilized in a range of demanding product applications including cold weather sleep systems for the military and recreation, flame retardant energy barriers for shelters, poncho liners, performance outerwear, technical workwear, and tactical/hunting apparel throughout global markets.

“We are very grateful for our partnership with Alantra as they guided us through this important transaction,” said Jon Vesely, Chairman and shareholder of Climashield. “Their experience, professionalism and commitment made them the perfect advisors for Climashield as we searched for the right partner to lead the next chapter of the company’s growth.”

“We congratulate the shareholders of Climashield on their successful investment culminating in this transaction with Crown Capital Investments,” said Paul Colone, Managing Director & Partner with Alantra. “Climashield’s differentiated continuous filament technology underpins the “top of the pyramid” performance of their materials, which are sought after for the most demanding insulation applications. This transaction furthers our extensive track record of advising businesses in the specialty materials sector.”

Alantra acted as sole financial advisor to Harvest Consumer Insulation, LLC on this transaction. The team advising Harvest included Mr. Colone, Philip Dytko (Associate), and Austin Brown (Analyst).