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New Deal


Announced

Completed

Nautic Partners completed the acquisition of SurfacePrep from CenterOak Partners.

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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surface enhancement

Acquisition

Domestic

United States

Machinery: Industrial

Majority

Private

Private Equity

Completed

Friendly

Single Bidder

Synopsis

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Nautic Partners, a private equity firm, completed the acquisition of SurfacePrep, a distributor of surface enhancement solutions, from CenterOak Partners, a private equity firm. Financial terms were not disclosed. “SurfacePrep is led by CEO Mike Currie and an experienced management team that has demonstrated a long history of growth. We are excited about Mike and the team’s ability to accelerate that growth track record in the coming years and are thrilled to partner with them to support the company’s future efforts. Additionally, we’re excited to add another investment to our distribution portfolio within Nautic’s Industrials group,” Chris Pierce, Nautic Managing Director.

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