Pioneer Metal Finishing Acquired by Private Equity Firm
Pioneer operates eight plants across North America, servicing approximately 3,500 customers in numerous end markets and service lines.
Private equity firm Aterian Investment Partners has acquired Pioneer Metal Finishing, based in Green Bay, Wisconsin.
Founded in 1945, Pioneer is the among the largest providers of outsourced anodizing, plating, hardcoat, adhesive, electroless nickel and other value-added surface treatment services in North America. The company operates eight plants servicing approximately 3,500 customers across numerous end markets and service lines.
“We are excited to add Pioneer to the Aterian portfolio and for the opportunity to collaborate with management as the company's enters the next chapter in its long history,” says Brandon Bethea, a partner at Aterian. “We intend to facilitate management's efforts to invest in key growth initiatives across new products and regions and by doing so support the company's existing reputation for outstanding customer service.”
Pioneer CEO Bob Pyle says the transaction will allow for Pioneer to enter its next stage of growth with an ownership group focused on operations and performance.
“We are looking forward to Aterian's support to help the company pursue growth initiatives and continue providing high-quality services to our customers,” he says.
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