M&A Deal Summary

Aurora Capital Partners Acquires Spray-Tek

On December 20, 2021, private equity firm Aurora Capital Partners acquired chemicals company Spray-Tek

Acquisition Highlights
  • This is Aurora Capital Partners’ 4th transaction in the Chemicals sector.
  • This is Aurora Capital Partners’ 34th transaction in the United States.
  • This is Aurora Capital Partners’ 1st transaction in New Jersey.

M&A Deal Summary
Date 2021-12-20
Target Spray-Tek
Sector Chemicals
Buyer(s) Aurora Capital Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) KeyBanc Capital Markets (Financial)
McDermott Will & Emery (Legal)

Target

Spray-Tek

Middlesex, New Jersey, United States
Spray-Tek is an independent provider of specialty spray drying and ingredient processing solutions to the food and beverage, nutritional, pharmaceutical, nutraceutical, beauty & personal care, household products and soft chemical industries. Spray-Tek was founded in 1980 and is based in Middlesex, New Jersey.

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Buyer(S) 1

Buyer

Aurora Capital Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 4.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Aurora Capital Partners is a private investment firm that manages private equity funds as well as investment vehicles focused on debt/equity securities. Targeted businesses are generally industry leaders that operate in defensible markets with sustainable margins. Sectors of interest include aerospace, industrial products, and services, packaging, plastics, distribution, manufacturing, media, retail, and chemicals. Aurora will only consider majority/control positions. Aurora's investment horizon is typically three to seven years. Aurora Capital Partners was formed in 1991 and is based in Los Angeles, California.

DEAL STATS #
Overall 35 of 40
Sector (Chemicals) 4 of 4
Type (Buyout (LBO, MBO, MBI)) 10 of 11
State (New Jersey) 1 of 1
Country (United States) 34 of 39
Year (2021) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-16 Automated Gate Services

Corona, California, United States

Automated Gate Services provides automated gate and security solutions, including emergency repair, planned maintenance, design, fabrication, access control and installation to residential and commercial customers across Southern California. Automated Gate Services was founded in 1998 and is based in Inglewood, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Pace

Minneapolis, Minnesota, United States

Pace is a provider of analytical testing and related outsourced scientific solutions to the life sciences industry. Pace's Analytical Services division provides full-service testing, sampling, and analytical support services to detect trace-level organic and inorganic contaminants in air, water, wastewater, soil, biota, and waste. Pace's Life Sciences division provides a wide variety of testing services for the biopharmaceutical, pharmaceutical, medical device, and drug-device industries as well as early-stage drug development and manufacturing services with a broad range of pre-clinical and clinical capabilities for both small and large molecules. Pace was formed in 1978 and is based in Minneapolis, Minnesota.

Sell -
Mergr

Product

Company

Legal