M&A Deal Summary

Nautic Partners Acquires SurfacePrep

On February 23, 2024, private equity firm Nautic Partners acquired distribution company SurfacePrep from CenterOak Partners

Acquisition Highlights
  • This is Nautic Partners’ 4th transaction in the Distribution sector.
  • This is Nautic Partners’ 75th transaction in the United States.
  • This is Nautic Partners’ 1st transaction in Michigan.

M&A Deal Summary

Date 2024-02-23
Target SurfacePrep
Sector Distribution
Buyer(s) Nautic Partners
Sellers(s) CenterOak Partners
Deal Type Secondary Buyout
Advisor(s) KeyBanc Capital Markets (Financial)
Gibson, Dunn & Crutcher (Legal)

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.

Search 200,291 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Nautic Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Nautic Partners is a private equity firm focused on middle-market company investments based in the US. Nautic looks to invest $50 to $400 million of equity in businesses valued between $100 million and $1 billion. Nautic's industry focus is business services, manufacturing, healthcare, and communications. Prospective investment structures include buyouts, recapitalizations, consolidations, and growth financings. Nautic prefers majority investment positions. Nautic Partners was formed in 1986 and is based in Providence, Rhode Island.


DEAL STATS #
Overall 76 of 77
Sector (Distribution) 4 of 4
Type (Secondary Buyout) 21 of 22
State (Michigan) 1 of 1
Country (United States) 75 of 76
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-13 Angels of Care Pediatric Home Health

Sherman, Texas, United States

Angels of Care Pediatric Home Health is a provider of long-term home health services to pediatric patients with complex medical conditions and employs over 3,000 clinicians across 18 locations. The company provides high-quality private duty nursing care, skilled therapy, and other home health services to patients in Texas and Colorado. Angels of Care Pediatric Home Health was founded in 2000 and is based in Sherman, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-01 Davidson Hospitality Group

Atlanta, Georgia, United States

Davidson Hospitality Group is a full-service hospitality management company comprised of 71 existing hotels and resorts, more than 175 restaurants, bars, and lounges, and nearly 1.5 million square feet of meeting space across the United States. Davidson offers a unique entrepreneurial management style and owners’ mentality that provides the individualized personal service of a small company, enhanced by the breadth and depth of skill and experience of a larger company. Davidson Hospitality Group was founded in 1974 and is based in Atlanta, Georgia.

Buy -

Seller(S) 1

SELLER

CenterOak Partners

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2014
PE ASSETS 2.0B 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 8
Sector (Distribution) 1 of 1
Type (Secondary Buyout) 5 of 5
State (Michigan) 1 of 1
Country (United States) 8 of 8
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-30 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.

Sell -