|Deal Type||Mergers & Acquisitions|
|Client & Transactional Partners||
Aurora Capital Partners
|Our Role||Exclusive Sell-Side Advisor|
On December 13, 2021, KeyBanc Capital Markets (“KBCM”) successfully advised Spray-Tek, LLC (“Spray-Tek” or the “Company”) on its sale to Aurora Capital Partners (“Aurora”). KBCM was selected to serve as Exclusive Sell-Side Advisor based on its industry-leading Chemicals & Materials Practice, relevant transaction experience and proven M&A execution capabilities.
Spray-Tek is the leading independent provider of specialty spray drying and ingredient processing solutions to the food and beverage, nutritional, pharmaceutical, nutraceutical, beauty & personal care, household products and soft chemical industries. The company was founded in Middlesex, NJ in 1980 and opened its Bethlehem, PA facility in 2002. Spray-Tek offers a wide breadth of spray drying and related ingredient processing capabilities, serving as an integral supplier and partner to its blue-chip customers.
Aurora Capital Partners is a leading private equity firm focused principally on control investments in middle-market companies with leading market positions, stable industry dynamics, attractive business model characteristics and actionable opportunities for growth in partnership with management. Aurora provides unique resources to its portfolio companies through its Strategy & Operations Program and its team of experienced operating advisors. Aurora's investors include leading public and corporate pension funds, endowments and foundations active in private equity investing.