Spray-Tek, LLC

Overview

Deal Type Mergers & Acquisitions
Client & Transactional Partners Spray-Tek, LLC
Aurora Capital Partners
Our Role Exclusive Sell-Side Advisor

Summary

 

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.

 

Recent Deals

April 2026

the queen senior

The Queen Senior

Construction Loan

queen-senior
April 2026

the meadow on seneca

The Meadow on Seneca

$14.8 Million

Construction Loan

meadow-on-seneca
April 2026

lakeview at westpark

Lakeview at Westpark

$54 Million

FHA (Fixed-Rate Loan)

lakeview-at-westpark
April 2026

redding rancheria

$80 Million

Senior Secured Credit Facilities

Structuring Agent
Sole Lender

redding-rancheria
April 2026

caturus

$600 Million

Senior Notes

Joint Bookrunner

caturus-energy
April 2026

moosilauke vision

$30 Million

Term Loan & Revolving Line of Credit

Hedge Provider
Treasury Services

moosilauke-visions
March 2026

bcdsk

affiliated with

highmark

Financial Advisor

blue-cross-blue-shield-kansas-city
March 2026

wallkill living center

Wallkill Living Center

Equity Bridge Loan and LIHTC Equity

wallkill-living-center
March 2026

palm villas in red bluff

Palm Villas in Red Bluff

$32.7 Million

Construction Loan, Permanent Loan, and KCBM Swap Contract

palm-villas-red-bluff
March 2026

forgent

$1 Billion

Follow-On Offering

Joint Bookrunner

forgent-power-solutions
March 2026

modbox storage - piedmont

ModBox Storage - Piedmont

$7.1 Million

CMBS Fixed-Rate Loan

modbox-storage-piedmont
March 2026

andesa

acquired by

terminus

Exclusive Buy-Side Advisor

terminus-capital-partners
March 2026

dme express

acquired by

palladium equity partners

Sell-Side Advisor

dme-express-acquired-by-palladium-equity-partners
March 2026

tigergenco

$146 Million

Senior Secured Credit Facilities

Coordinating Lead Arranger
Administrative Agent

tigergenco-bayonne-energy-center-iii
March 2026

adb

a portfolio company of

warren

Senior Secured Credit Facilities

Exclusive Debt Advisor

adb-companies
March 2026

lti

acquired by

diversis capital

Exclusive Sell-Side Advisor

lti-technology-solutions
March 2026

infinity

$550 Million

Senior Notes

Joint Bookrunner

infinity-natural
March 2026

supercare health

Joint Lead Arranger
Joint Bookrunner
Administrative Agent

supercare-health-excellere
March 2026

supercare health

acquired by

excellere

Sell-Side Advisor

supercare-health-excellere-partners
March 2026

california resources corporation

$350 Million

Add-On Senior Notes

Joint Bookrunner

california-res
March 2026

cnl

merged with

sonida

$3.3 Billion

Combined Value

Exclusive Sell-Side Advisor

cnl-healthcare-properties-inc
March 2026

xcel energy

$1.2 Billion

First Mortgage Bonds

Active Joint Bookrunner

xcel-energy-northern-states-power
March 2026

sm energy company

$1 Billion

Senior Notes

Joint Bookrunner

smenergy
March 2026

pacific avenue

acquired

stuart rush

a subsidiary of

columbus mckinnon

Exclusive Buy-Side Advisor

pacific-avenue-capital-partners
March 2026

visualize

acquired

bmm

$70 Million

Senior Secured Credit Facilities

Joint Lead Arranger
Joint Bookrunner

bmm-testlabs
February 2026

henderson court

Henderson Court

$36.7 Million

Equity Bridge Loan, LIHTC Equity, and Permanent Loan

henderson-court
February 2026

hlsg

acquired by

sterling group

Sell-Side Advisor

hlsg-acquired-by-sg
February 2026

peoria resources llc

$1 Billion

Senior Secured Credit Facility

Joint Lead Arranger
Joint Bookrunner

peoria-resources-llc
February 2026

matador resources company

$750 Million

Senior Notes

Active Joint Bookrunner

matador-resources-company
February 2026

infinity natural resources

$1.5 Billion

Senior Secured Credit Facility

Joint Lead Arranger
Joint Bookrunner

infinity-natural-resources-inc
February 2026

crescent royalty finance llc

$1 Billion

Senior Secured Credit Facility

Joint Lead Arranger
Joint Bookrunner

crescent-royalty-finance-llc
February 2026

pointe grand columbia

Pointe Grand Columbia

$30.9 Million

Freddie Mac (Floating Rate Loan)

pointe-grand-columbia

Connect With Us

Find an Expert