Nautic Partners, a Providence, RI-based middle market private equity firm, acquired SurfacePrep, a Grand Rapids, MI-based national and international distributor of surface enhancement solutions, in partnership with management.
The amount of the deal was not disclosed.
Led by Mike Currie, CEO, SurfacePrep is a national and international distributor of surface enhancement solutions. The company distributes loose and coated/bonded abrasives, specialty ceramic materials, and powder coating and fluid delivery consumables, as well as related spare parts and equipment. SurfacePrep’s trained technicians also offer outsourced finishing services, deburring, abrasive media blending, formulation and process design advisory and abrasive finishing equipment MRO services.
The company serves customers in facilities across the United States, Canada and the United Kingdom.
Commenting on the news, Currie said: “This partnership with Nautic marks an exciting new chapter for SurfacePrep, with a focus on accelerating performance while continuing to provide our customers the excellent service, solutions, and products they expect. We are eager to move forward with Nautic’s support leveraging their deep industrial distribution experience and continuing to enhance our strong relationships with customers, suppliers, and our SurfacePrep team.”