Spectrum Automotive (Cornell Capital-backed) Acquires CalTex Protective Coatings

Cornell Capital Acquires Spectrum Automotive Holdings Corp.

October 11, 2019

Insurance

Cornell Capital LLC has acquired Spectrum Automotive Holdings Corp. from Southfield Capital; terms were not disclosed. Spectrum, headquartered in Fairfield, New Jersey, is an agent, marketer and administrator of finance and insurance (F&I) products serving more than 1,400 dealers, OEMs and administrators across the U.S. Southfield Capital had owned Spectrum since 2015 and the management team will remain as significant shareholders alongside Cornell Capital.

Spectrum Automotive (Cornell Capital) Acquires C.A.R.S. Protection Plus from Summit Park

October 1, 2020

Insurance

Spectrum Automotive, a portfolio company of Cornell Capital, has acquired C.A.R.S. Protection Plus (CARS) from Summit Park. CARS, headquartered in Murrysville, Pennsylvania, is a provider of vehicle service contracts (VSCs) to independent and franchise dealerships across the United States; terms were not disclosed.

Chroma Color Corporation Acquires Spectra Color, Inc.

December 20, 2024

Manufacturing

Chroma Color Corporation acquired Spectra Color, Inc., a Corona, California-based custom manufacturer of colorants, masterbatch and pre-colored resin compounds. The deal expands Chroma Color's West Coast manufacturing footprint and enhances its colorant and resin capabilities to better serve medical, healthcare, agriculture and consumer end-markets.

Fenix Group Acquires TCI Coatings, Inc.

September 1, 2021

Manufacturing

Fenix Group has acquired TCI Coatings, Inc., a Lubbock, Texas-based manufacturer of specialty and high-performance industrial coatings, to expand Fenix’s manufacturing, warehousing and regional distribution footprint. The acquisition strengthens Fenix’s industrial product portfolio and fills geographic and product gaps in Texas and surrounding states; Tonka Bay Equity Partners is referenced in the announcement as the private equity sponsor associated with Fenix.

Tnemec Company Acquires Assets of Textured Coatings of America (Tex•Cote)

October 24, 2019

Building Products

Tnemec Company, Inc., a manufacturer of architectural and industrial protective coatings, has purchased the assets of Textured Coatings of America, Inc. (Tex•Cote). Tnemec said it will provide operational and managerial support to grow Tex•Cote's product lines and expand within its existing commercial, residential and DOT markets.

Turnspire Capital Partners Acquires Spectra Premium Industries

November 16, 2021

Automotive

Turnspire Capital Partners, through a newly formed operating company Spectra Premium Mobility Solutions, completed the acquisition of the assets of Spectra Premium Industries pursuant to CCAA and Chapter 15 proceedings. The acquisition gives Turnspire control of Spectra's North American manufacturing and distribution platform—headquartered in Boucherville, Quebec—with more than 700 employees and operations serving OEM and aftermarket automotive, heavy-duty truck and industrial markets.