TA Associates to acquire Surfaces Group from Astorg.

TA Associates agreed to acquire Surfaces Group, a supplier of abrasive tools and consumables, from Astorg, a private equity firm. Financial terms were not disclosed. The transaction is expected to close in the fourth quarter of 2020 and is subject to customary closing conditions and regulatory approvals. "We welcome our new partner TA Associates, a leading growth investor, who shares our vision and ambition to continue our growth trajectory and with a long track-record of helping businesses expand into additional international and opportunistic markets," Pierluigi Dinelli, Surfaces Group CEO.