Axalta Coating Systems Acquires U-POL from Graphite Capital

WILsquare Capital Portfolio Company Automotive Color & Supply (ACS) Acquires Ohio Paint Supply

July 1, 2026

Transportation

WILsquare Capital’s portfolio company, Automotive Color & Supply (ACS), completed its acquisition of Ohio Paint Supply (OPS), a distributor of automotive and industrial paint and supply products in Ohio. The transaction expands ACS’s Midwest geographic footprint and strengthens its position in the automotive refinishing and industrial coatings market.

AkzoNobel and Axalta Coating Systems Merge to Create $25B Global Coatings Leader

November 19, 2025

Manufacturing

AkzoNobel and Axalta Coating Systems entered into a definitive all-stock merger agreement to combine into a global coatings leader with approximately $25 billion enterprise value. The combined company will bring together complementary coatings portfolios across multiple end markets and is expected to complete the merger between late 2026 and early 2027, subject to approvals and regulatory review.

Automotive Color & Supply Acquires Paint Works

December 18, 2024

Logistics & Distribution

Automotive Color & Supply, a portfolio company of WILsquare Capital, has acquired Paint Works, a regional distributor of automotive and industrial paint and supplies based in Tyler, Texas. Terms were not disclosed; the deal expands ACS' footprint in the South (Texas, Arkansas and Louisiana) and ACS will continue operating Paint Works branches under the existing Paint Works brand.

MFG Chemical (Platte River Equity) Acquires H.P. Polymers

April 23, 2024

Manufacturing

MFG Chemical, a Platte River Equity portfolio company, has acquired H.P. Polymers, an independent paint and coatings resin manufacturer based in Puslinch, Ontario. The deal expands MFG's product portfolio and capabilities in the paint and coatings sector, enhancing service to customers across metal, wood, marine, specialty and coil end markets.

Wesco Group Acquires Capital Paint and Refinish, LLC

May 2, 2022

Automotive

Wesco Group, LLC has acquired Capital Paint and Refinish, LLC, a regional distributor of automotive paint and supplies with eleven locations across Texas, Louisiana and Colorado. The acquisition expands Wesco's nationwide footprint in the automotive refinish distribution market and brings Capital's team and customers into the Wesco organization.

H.I.G. Capital Affiliate Acquires Covestro's European Polyurethane Systems Business (Plixxent)

January 17, 2019

Manufacturing

An affiliate of H.I.G. Capital has signed a definitive agreement to acquire Covestro AG's European Polyurethane Systems business in a carve-out transaction, with closing expected in the second half of 2019 pending regulatory clearance. The business — operating four systems houses across Germany, Denmark, the Netherlands and Spain and employing ~250 people with ~€230m sales — will be run independently (to operate as Plixxent) and used as a platform for pan‑European expansion and add-on acquisitions.