SurfacePrep

Overview

Deal Type Mergers & Acquisitions
Client & Transactional Partners SurfacePrep
CenterOak Partners LLC
Nautic Partners
Our Role Exclusive Sell-Side Advisor

Summary

On February 2, 2024, KeyBanc Capital Markets (KBCM) successfully advised SurfacePrep (the Company), a portfolio company of CenterOak Partners (CenterOak), on its sale to Nautic Partners (Nautic). KBCM was chosen to serve as SurfacePrep’s Exclusive Sell-Side Advisor based on its industry-leading Specialty Distribution practice, proven M&A execution capabilities and creative approach to managing sale processes. These strengths were demonstrated to CenterOak during the sale of a prior portfolio company, Vivify Specialty Ingredients in 2021.

SurfacePrep, headquartered in Grand Rapids, MI, is a leading global distributor of abrasives, specialty ceramics, and surface enhancement equipment used by a broad base of customers. The Company's comprehensive product offering includes blasting media, tumbling media, coated abrasives, specialty ceramic materials, chemicals, metallurgical additives, abrasive equipment, and repair replacement parts. The SurfacePrep network includes over 35 distribution branches and more than 10 process development labs and production finishing centers to provide surface enhancement solutions to its more than 15,000 customers. For additional information, please visit www.surfaceprep.com.

CenterOak Partners LLC is a Dallas, Texas based private equity firm with a focus on making control-oriented investments in middle market companies. The Firm invests in Consumer Services, Business Services and Industrial Growth companies. CenterOak has a history of creating significant value through operational improvements. CenterOak and its Partners have managed $2.5 billion of equity capital commitments and have completed more than 150 transactions, representing over $8 billion in value. For additional information, please visit www.centeroakpartners.com.

Founded in 1986, Nautic is a middle-market private equity firm based in Providence, Rhode Island. Since inception, Nautic Partners has completed more than 200 transactions and partnered with a wide array of talented management teams. Nautic focuses primarily on the healthcare, services and industrials sectors.

KeyBanc Capital Markets is a trade name under which the corporate and investment banking products and services of KeyCorp and its subsidiaries, KeyBanc Capital Markets Inc., member FINRA/SIPC (“KBCMI”), and KeyBank National Association (“KeyBank N.A.”), are marketed. Securities products and services are offered by KeyBanc Capital Markets Inc. and by its licensed securities representatives. Banking products and services are offered by KeyBank N.A.

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