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Announced

Completed

Veritas Capital completed the acquisition of Sequa from Carlyle.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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manufacturing

Single Bidder

automotive

Private

Domestic

Friendly

United States

Auto Services

Private Equity

Majority

Acquisition

Completed

Synopsis

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Veritas Capital, a private equity fund, completed the acquisition of Sequa, a business managing jet engine repair and metal coating manufacturing from Carlyle, an investment company. Financial terms were not disclosed. “Chromalloy has emerged as an industry leader by leveraging technology and innovation to drive a highly unique value proposition for customers. We are thrilled to partner with Brian and the entire Chromalloy team, who have a proven track record of delivering differentiated solutions to the global engine ecosystem. Together, we are excited to continue investing in distinctive technology and deepening Chromalloy’s relationships with both existing and new customers," Ramzi Musallam, Veritas Chief Executive Officer and Managing Partner.

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