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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