Kent Manufacturing Acquired by Sur-Seal
Deal News | Mar 24, 2025 | Charter Investment Group Ltd/T
Kent Manufacturing, a Michigan-based firm known for its excellence in the custom converting industry, has been acquired by Sur-Seal Corp., a portfolio company of Heartwood Partners. This acquisition, facilitated by Charter Investment Group, aims to enhance Sur-Seal's capabilities in serving the healthcare market through Kent's medical cleanroom capabilities and ISO-13485 quality management system. The acquisition also boosts Sur-Seal's engineering capabilities and IATF-16949 certification, bolstering its position as a key player in the healthcare, automotive, and aerospace sectors in North America.
Sectors
- Healthcare Equipment & Services
- Automotive Manufacturing
- Aerospace & Defense
Geography
- United States – Both Kent Manufacturing and Sur-Seal are based in the United States, specifically focusing on North American operations and services.
- Michigan – Kent Manufacturing is based in Michigan, and the acquisition allows Sur-Seal to expand manufacturing operations in this state.
Industry
- Healthcare Equipment & Services – This industry classification is relevant as the acquisition is aimed at expanding capabilities to serve the healthcare market, particularly through enhanced medical and cleanroom capabilities.
- Automotive Manufacturing – Kent Manufacturing's IATF-16949 certification and engineering capabilities expand Sur-Seal's presence in the automotive sector.
- Aerospace & Defense – Sur-Seal's enhanced certifications help position it as a key player in delivering solutions to the aerospace and defense industry.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Kent Manufacturing LLC | Target Company | Company | A Michigan-based third generation family company with a reputation for excellence in the custom converting industry. |
| Sur-Seal Corp. | Bidding Company | Company | A portfolio company of Heartwood Partners, focused on providing converting and sealing solutions. |
| Heartwood Partners | Owner of Bidding Company | Company | A private equity firm that owns Sur-Seal Corp., the acquiring company in this transaction. |
| Charter Investment Group | Corporate Finance Advisor | Company | The company that facilitated the transaction and advised Kent Manufacturing. |
| Mark Streekstra | Partner & Managing Director at Charter Investment Group | People | Led the transaction facilitating the acquisition of Kent Manufacturing. |
| Zach Wiersma | Director at Charter Investment Group | People | Assisted in leading the transaction for the acquisition. |
| Pete Futia | CEO of Sur-Seal | People | Chief Executive Officer of the acquiring company Sur-Seal. |
| Mike Muraski | Former Owner of Kent Manufacturing | People | Former owner of the acquired company and participant in the transition. |