Seller: Commercial Steel Treating Corporation
Transaction Type: Partnership
Headquarters: Madison Heights, MI
Overview: Commercial Steel Treating Corporation is North America’s largest provider of engineered protective coating, pre-treatment, heat treating and technical intermediation services for metal fasteners. CSTC has a history of being at the forefront of coating technology since it was founded. The Company meets or exceeds its customers’ anti-corrosion performance standards using state-of-the-art coating equipment, proprietary IT software and its deep base of industry knowledge.
Buyer: HCI Equity Partners
Headquarters: Washington, DC
Overview: HCI Equity Partners is a strategically focused private equity firm that targets growth-oriented industrial product and services companies in the lower middle market. HCI’s team uses a highly focused approach to investing and a hands-on operating philosophy to help grow and improve the profitability of each of its portfolio companies. The team focuses on building solid relationships with proven management teams who share its commitment to integrity, professionalism, achievement, growth and success in business.