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M&A Deal Summary

CenterOak Partners Acquires SurfacePrep

On May 11, 2020, private equity firm CenterOak Partners acquired distribution company SurfacePrep

Acquisition Highlights
  • This is CenterOak Partners’ 2nd transaction in the Distribution sector.
  • This is CenterOak Partners’ 8th transaction in the United States.
  • This is CenterOak Partners’ 2nd transaction in Michigan.
Investment Fate
  • SurfacePrep was sold to a consortium of financial buyers in 2024.

M&A Deal Summary
Date 2020-05-11
Target SurfacePrep
Sector Distribution
Buyer(s) CenterOak Partners
Deal Type Consolidation

Target

SurfacePrep

Byron Center, Michigan, United States
SurfacePrep is a distributor of loose abrasives, specialty ceramics, and surface enhancement equipment. The company’s technical sales professionals support manufacturing customers through a network of over 30 distribution branches and more than 10 process development labs and production finishing centers. SurfacePrep is based in Byron Center, Michigan.

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Buyer(S) 1

Buyer

CenterOak Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 2.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

CenterOak Partners is a private equity firm focused on making control-oriented investments in middle-market companies operating in the industrial, consumer, and business services sectors. The Firm will consider opportunities throughout the US and targets companies valued between $50 to $500 million. Prospective transaction situations include buyouts, recapitalizations, consolidations, and non-core divestitures. CenterOak Partners was formed in 2014 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 8 of 15
Sector: Distribution M&A 2 of 2
Type: Consolidation M&A Deals 1 of 4
State: Michigan M&A 2 of 2
Country: United States M&A 8 of 15
Year: 2020 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-20 TruRoad Holdings

Woburn, Massachusetts, United States

TruRoad Holdings, Inc. is an automotive glass and claims-management company. TruRoad provides capital and support to on-demand auto service and claims service organizations focused on the auto insurance sector. TruRoad Holdings, Inc. is based in Woburn, Massachusetts.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-01 CollisionRight

Columbus, Ohio, United States

CollisionRight is a provider of automotive collision repair services through a network of 89 facilities across nine states including Illinois, Indiana, Kentucky, Maryland, Michigan, Ohio, Pennsylvania, Tennessee, and West Virginia. The company shops repair over 90,000 cars per year and maintains over 100 direct repair programs with insurance carriers. CollisionRight is based in Columbus, Ohio.

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