SurfacePrep Enhances Offerings with Schweitzer & Crosson Acquisition
Deal News | Jan 06, 2025 | Nautic
SurfacePrep, a leading provider of surface enhancement solutions, recently announced the acquisition of Schweitzer & Crosson, known for its quality paint and powder coating equipment and services. This strategic move is set to broaden SurfacePrep's product range and strengthen its presence in the surface finishing sector. The acquisition supports SurfacePrep’s goal of enhancing its offerings to cover a wider market. Kevin Hylinski, President of Schweitzer & Crosson, expressed excitement over the merger, noting the enhanced capacity to serve customers through the combined expertise of both companies. SurfacePrep President Steve Gumbert highlighted that this acquisition reflects their commitment to providing superior customer solutions. By integrating forces with Schweitzer & Crosson, SurfacePrep expects to deliver a more comprehensive range of services and products to meet client demands effectively.
Sectors
- Manufacturing
- Industrial Services
Geography
- United States – Both SurfacePrep and Schweitzer & Crosson are based in the United States, and their business operations and services are likely concentrated primarily in this geography.
Industry
- Manufacturing – The acquisition involves companies providing manufactured products and solutions in the surface enhancement sector, particularly in paint and powder coating.
- Industrial Services – SurfacePrep and Schweitzer & Crosson both operate in the industrial services sector, providing specialized equipment and solutions for surface enhancement and finishing.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| SurfacePrep | Bidding Company | Company | A leading provider of surface enhancement solutions pursuing strategic growth through acquisitions. |
| Schweitzer & Crosson | Target Company | Company | A premier provider of paint and powder coating equipment, supplies, and services. |
| Nautic Partners | PE Firm | Company | The private equity firm backing SurfacePrep in its strategic acquisitions. |
| Kevin Hylinski | President of Schweitzer & Crosson | Person | Key spokesperson for Schweitzer & Crosson, commenting on the acquisition's positive impact. |
| Steve Gumbert | President of SurfacePrep | Person | Key spokesperson for SurfacePrep, emphasizing the acquisition's alignment with company strategy. |