Precision Surfacing Solutions sells abrasives company to SurfacePrep
Diamond Tool & Abrasives (“DTA”), a subsidiary of Precision Surfacing Solutions has been acquired by SurfacePrep, a portfolio company of CenterOak Partners.
Prairie Capital Advisors Inc. served as the exclusive financial advisor to PSS, led by Managing Director John Waller.Terms were not disclosed.
DTA, located in Mount Prospect, Illinois, is a technical abrasive source for bonded, coated and superabrasive products. Since its founding in 1979, it has raised industry standards for on-time delivery of product, providing solutions for unique abrasive applications with custom engineered products, and personalized customer and field service.
SurfacePrep is a leading global distributor of loose abrasives, specialty ceramics and surface enhancement equipment. The company’s technical sales professionals support manufacturing customers through a network of over 35 distribution branches and more than 10 process development labs and production finishing centers, with a focus on improving product quality, consistency, productivity and profitability for their customers.
“It was an honor to work with PSS’ ownership, management team and their private equity partners, Bison Capital and Angeles Equity Partners, on the divestiture of DTA. The acquisition of DTA will further enhance SurfacePrep’s capabilities, product offering and market-leading brand,” said Waller.
About Prairie Capital Advisors
Prairie is a leading financial advisory firm specializing in creating and executing ownership transition strategies for middle-market companies nationwide. For more information, visit www.prairiecap.com.
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