16. September 2016
Meridian General Capital has acquired California-based PowderCoat Services (PCS), a production powder coater offering its customers a diverse range of related services.
Founded in 1981, PCS serves a wide spectrum of industries including automotive, home improvement, consumer products, sports equipment, musical instruments, electronics, cleaning and sanitizing, and the military.
"With this acquisition, Meridian intends to build a dynamic industrial services enterprise," said Ravi Rao, founder and chairman of Meridian. "PCS provides a solid platform that has been successful in this highly specialized niche, one that is critical to its customers and environmentally a sound replacement to paint processes. Additionally, the expertise of key management staff will assure us of meeting our ambitious growth plans in this industry segment."
Based in Anaheim, PCS operates in five plants within an industrial park. The company provides personalized service, and uses its own fleet of trucks and drivers. For information, visit powdercoatservices.com
Meridian General Capital is a Los Angeles-based private equity group that invests in lower middle market growth industries and is focused on acquiring businesses that have a history of operating profits. Visit meridiangeneral.com