Announced
Completed
Financials
Tags
Single Bidder
Private Equity
Paints and Coatings
Private
United States
Acquisition
specialty chemicals
Friendly
Minority
Domestic
Completed
Synopsis
Gryphon Investors, a private equity firm, completed the investment in SK Capital-backed Techmer PM, a manufacturer of custom colours and additives for the plastics, fiber, agriculture, appliance and floor coverings industries. Financial terms were not disclosed. “Since our initial investment in 2020, SK Capital has been proud to partner with John Manuck, Mike McHenry, and the entire Techmer team to place a qualified management team, implement a strong commercial strategy, and facilitate its extraordinary growth. We have leveraged SK’s resources to help strengthen Techmer and been fortunate to work with an ownership and management group that shares our core values. The success of Techmer serves as a prime example of the value proposition of SK’s lower middle market strategy and represents a milestone for the firm," Mario Toukan, SK Capital Managing Director.
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