Chicago's Acme Finishing Sold To Acuity Capital Partners
Acuity also owns DeWayne's Quality Metal Coatings, a Lexington, Tennessee based provider of zinc electroplating and e-coating.
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Acme Finishing Company in Chicago has been acquired by Acuity Capital Partners, a Chicago-area private investment firm. Terms of the transaction were not disclosed by Corporate Finance Associates Chicago, a leading mergers and acquisitions advisor for privately-held, middle-market businesses that was the exclusive advisor to Acme and Acuity.
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Founded in 1932 by William Walters, Acme has been providing high quality coating solutions for three generations. Acme is a provider of powder coating, liquid coating, and decorative powder coating to customers competing in the lighting, automotive, fencing, and medical industries among others. They are headquartered in Elk Grove Village, Illinois.
The Chicago office of CFA acted as the sole advisor to Acme, which included M&A advisory services and financial expertise throughout the entire phase of the sale process. The transaction was completed August 3. The deal was led by Bob Contaldo, Managing Partner of CFA.
In 2012, CFA represented DeWayne's Quality Metal Coatings, Inc., a Lexington, Tennessee based provider of zinc electroplating and e-coating to customers in the automotive, heavy equipment, heavy truck, and appliance industries, in the management recapitalization by Acuity.
"Both of these businesses have long track records of providing high quality services to customers ranging from Fortune 500 businesses to small manufacturing houses. CFA did a great job of finding these businesses and managing the respective sale processes," said G.R. Kearney, partner of Acuity.
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