Seemann Composites Acquires Materials Sciences Corporation

Karman Space & Defense Acquires Seemann Composites and MSC

February 8, 2026

Aerospace & Defense

Karman Space & Defense completed the acquisition of Seemann Composites and MSC, establishing a new Maritime Defense Systems end market and adding advanced materials, acoustic coatings and propulsion capabilities. The company amended its credit agreement to increase its incremental term loan to $772 million to fund the transaction and expects the deals to be immediately accretive to 2026 financial metrics.

Sky Island Capital Acquires Majority Control of Material Sciences Corporation

May 13, 2019

Manufacturing

Dallas-based private equity firm Sky Island Capital made a majority investment in Material Sciences Corporation (MSC), a Canton, Michigan-headquartered producer of advanced materials and specialty coated metals. Sky Island said the investment will support organic growth and add-on acquisition activity as MSC serves end markets including transportation, building products, and packaging.

SEACOR Holdings Acquires U.S. Shipping Corp

August 13, 2021

Transportation

SEACOR Holdings Inc. completed the acquisition of U.S. Shipping Corp (USSC) on August 13, 2021. The deal expands SEACOR's SEABULK operations and makes SEABULK one of the largest Jones Act tanker operators by adding USSC's six U.S.-flagged vessels and supporting coastwise chemical and petroleum transportation capabilities.

SPATCO Energy Solutions Acquires MSCS Ltd.

June 13, 2023

Industrial Services

Kian Capital-backed SPATCO Energy Solutions completed the acquisition of MSCS Ltd., a Dallas-based petroleum services company, expanding SPATCO's footprint into Texas and adding operations in Dallas, Fort Worth, San Antonio and Houston. The transaction is an add-on to the SPATCO platform (its fifth acquisition since Kian's 2020 investment) and supports the platform's geographic expansion and service capability growth in petroleum and EV infrastructure services.

Material Sciences Corporation Acquires Alum-A-Fold Pacific

June 4, 2019

Manufacturing

Material Sciences Corporation, a portfolio company of Sky Island Capital, has acquired Alum-A-Fold Pacific, a Los Angeles-area producer of specialty coated metals. The add-on acquisition expands MSC's West Coast footprint and enhances its capabilities to serve end markets including building products, packaging, and consumer goods.

Exchange Income Corporation Acquires Spartan Mat, LLC and Spartan Composites, LLC

November 13, 2024

Manufacturing

Exchange Income Corporation (EIC) completed the acquisition of Spartan Mat, LLC and its subsidiary Spartan Composites, LLC for US$120 million (including US$18 million in EIC common shares). The purchase expands EIC's Environmental Access Solutions business into the U.S. matting market and adds Spartan's SYSTEM7 composite mats and FODS Trackout products to its manufacturing portfolio.