Valence Surface Technologies Sold to Investment Groups
Texas-based Valence Surface Technologies, which has eight surface finishing operations in the U.S., has been sold to ATL Partners and British Columbia Investment Management.
Valence owned finishing facilities in Georgia, Kansas, Oklahoma, Washington and California, specializing in the aerospace and defense markets, including plating, anodizing and liquid coatings.
Valence was formed in 2013 by Trive Capital in Houston to purchase independent finishing operations specializing in aerospace and defense coating operations. The company says its has over 3,000 customers and processes more than 12 million parts annually.
Valence’s existing management also invested in the partnership with ATL and British Columbia.
“We have built Valence into a market leading platform, and we look forward to expanding the company’s capabilities and geographic footprint,” says Tracy Glende, Valence’s chief executive officer.
ATL Partners says it makes private equity and certain preferred securities or debt investments in the aerospace, transportation and logistics sectors in North America. British Columbia Investment provides investment management services and one of Canada’s largest asset managers.
Terms of the sale were not released. Lazard served as financial advisor to Trive, KAL Capital served as financial advisor, and Weil provided legal counsel in the sale. BCI’s acquisition of governance rights in the company remain subject to customary regulatory approvals.
Our expert, Art Kushner, says yes, you can color stainless steel, but it is not a process that is typically performed in a plating shop. Read more about his answer.
Getting the properties you paid for...
Masking is employed in most any metal finishing operation where only a specifically defined area of the surface of a part must be exposed to a process. Conversely, masking may be employed on a surface where treatment is either not required or must be avoided. This article covers the many aspects of masking for metal finishing, including applications, methods and the various types of masking employed.