Crown Capital Acquires Ace-Tex Enterprises, Inc.
May 8, 2023
Atlanta-based private investment firm Crown Capital (CCI) has acquired Ace-Tex Enterprises, Inc., a Detroit-headquartered manufacturer and distributor of wiping cloths and industrial wipers. The family-owned business, established in 1946 with operations in the U.S. and Canada and customers including Fortune 500 automotive firms, will join Crown’s portfolio to support growth and leverage synergies with other portfolio companies.
- Buyers
- Crown Capital
- Targets
- Ace-Tex Enterprises, Inc.
- Sellers
- Ace-Tex Enterprises' family owners
- Industry
- Manufacturing
- Location
- Michigan, United States
- Transaction Type
- Buyout
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