Nautic Partners Acquires SurfacePrep from CenterOak Partners
February 23, 2024
Nautic Partners has completed the acquisition of SurfacePrep, a Grand Rapids, Michigan-based distributor of surface enhancement solutions, in partnership with SurfacePrep management. The deal, which was an exit for CenterOak Partners, will see Nautic leverage its industrial distribution experience to accelerate SurfacePrep's growth; terms were not disclosed.
- Buyers
- Nautic Partners
- Targets
- SurfacePrep
- Sellers
- CenterOak Partners LLC
- Industry
- Industrial Services
- Location
- Michigan, United States
- Transaction Type
- Buyout
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SurfacePrep Acquires Panadyne Inc.
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SurfacePrep has acquired Panadyne Inc., a distributor of abrasives and specialty ceramic materials based near Philadelphia, Pennsylvania. The deal brings Panadyne into the GNPGraystar Specialty Materials Group and expands SurfacePrep's product offerings in technical ceramics, coatings, and surface finishing markets.
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SurfacePrep Acquires Precision Abrasives
January 7, 2025
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SurfacePrep, a portfolio company of Nautic Partners, has acquired Precision Abrasives, LLC from Gioia Capital. The add-on acquisition expands SurfacePrep's abrasive product offerings and regional distribution footprint; financial terms were not disclosed.
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SurfacePrep Acquires Leering Hengelo B.V. (Normfinish)
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SurfacePrep, a Byron Center, Michigan–based surface finishing distributor, has acquired Leering Hengelo B.V., the Netherlands–based maker of Normfinish abrasive blasting systems. The deal expands SurfacePrep's European presence and combines Leering's abrasive blasting engineering and post-processing capabilities with SurfacePrep's resources to broaden product and service offerings.
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Source Capital Makes Equity Investment in Rapid Prep
January 10, 2024
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Source Capital has made an equity investment in Rapid Prep, a provider of surface preparation equipment rental, sales, fabrication and related services headquartered in North Kingstown, Rhode Island. The partnership will provide capital and resources to accelerate Rapid Prep’s growth and expand its national footprint across maritime, defense, industrial and infrastructure end markets.
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CenterOak-Backed SurfacePrep Acquires Temple Associates (Sacramento)
May 1, 2020
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CenterOak Partners announced the formation of SurfacePrep by combining its legacy GNAP investment with ten strategic acquisitions, including the acquisition of Temple Associates, a Sacramento-based distributor of loose abrasives and blast equipment. The deal is an add-on to the SurfacePrep platform to expand its geographic footprint and broaden surface-enhancement distribution and service capabilities across North America.
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CenterOak Partners Completes Majority Recapitalization of GNAP
November 1, 2018
Industrial Services
CenterOak Partners, a Dallas-based private equity firm, completed a majority recapitalization of GNAP, a Grand Rapids, Michigan-based specialty distributor of industrial abrasive products, equipment and specialty ceramics. CEO Michael Currie and the existing management team will remain in place as CenterOak partners with the company to support geographic expansion and growth of its product suite; terms were not disclosed.
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