Panadyne Joins Forces with SurfacePrep in Strategic Acquisition
Deal News | Apr 04, 2025 | Nautic
SurfacePrep, a leader in surface enhancement and specialty material solutions, has announced the acquisition of Panadyne, a prominent distributor of abrasives and specialty ceramic materials. Founded in 2003 and based near Philadelphia, Panadyne specializes in high-quality materials like silicon carbide and industrial diamond, serving sectors like technical ceramics and surface finishing. This strategic acquisition, supported by Nautic Partners, aims to enhance SurfacePrep's product offerings and expand its market reach. Chuck Uplinger, President of Panadyne, expressed enthusiasm about the merger, highlighting the opportunity for innovation within the specialty abrasives industry. Allen Drake, Vice President of GNPGraystar, emphasized the acquisition's role in reinforcing SurfacePrep's commitment to providing top-tier solutions by integrating Panadyne's expertise and global network.
Sectors
- Specialty Materials
- Abrasives
Geography
- United States – Both SurfacePrep and Panadyne are based in the U.S., with Panadyne located near Philadelphia, PA, making this geography central to the acquisition.
Industry
- Specialty Materials – The industry involves companies that provide materials with superior properties, which are critical to advanced applications such as ceramics and surface finishing. Both SurfacePrep and Panadyne are engaged in this industry.
- Abrasives – This sector includes firms that produce or distribute materials like abrasives used in industrial applications for grinding, cutting, and polishing. Panadyne's expertise in abrasives makes this a relevant classification.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SurfacePrep | Bidding Company | Company | SurfacePrep is a leading provider of surface enhancement and specialty material solutions, engaged in the acquisition of Panadyne. |
| Panadyne | Target Company | Company | A distributor of abrasives and specialty ceramic materials, based near Philadelphia and founded in 2003. |
| Nautic | PE Firm | Company | PE firm that supports SurfacePrep in its strategic acquisition. |
| GNPGraystar Specialty Materials Group | Other Company | Company | Partner in the acquisition, with Allen Drake as VP, playing a significant role in the integration of Panadyne into SurfacePrep. |
| Chuck Uplinger | President of Panadyne | Person | Expressed enthusiasm about Panadyne's acquisition by SurfacePrep. |
| Allen Drake | Vice President of GNPGraystar | Person | Highlighted the benefits of the acquisition for expanding product offerings and services. |