Caltius Equity Partners has sold National Industrial Coatings to Audax
Lincoln International (“Lincoln”), a leading global mid-market investment bank, is pleased to announce that Caltius Equity Partners (“Caltius”) has sold National Industrial Coatings (“Nicoat”) to a private investment group. The terms of the transaction were not disclosed.
Nicoat is a premier formulator and manufacturer of coatings for high-performance graphic arts, packaging and other specialty coating applications. The Company’s comprehensive portfolio of high-quality, innovative coating solutions includes a combination of water-based, ultraviolet and electron beam technologies. The technically superior coatings produced by Nicoat have a significant impact on the visual appeal and performance characteristics of customers’ products. Over its 32-year existence, the Company has earned a reputation for delivering premium, custom-formulated products that are critical to its customers.
Lincoln acted as the exclusive financial advisor to Caltius and Nicoat, working closely with the management team and shareholders throughout the sale process.
About National Industrial Coatings
Nicoat is a leading provider of coating solutions to the packaging and printing industries. The Company is continually seeking to introduce new coating and adhesive products in order to offer the broadest range of products and solutions on the market. Nicoat has a reputation in the market for innovation and technical expertise, particularly around adapting formulations for specific customer needs. More information about Nicoat can be obtained at www.nicoat.com.
About Caltius Equity Partners
Caltius is a closely held private equity firm that provides equity capital in the amounts of $10 million to $30 million to develop and execute sound operational and growth strategies. The firm takes a long-range perspective on creating value, with an emphasis on building lasting partnerships with visionary and ethical entrepreneurs. Caltius was founded in 1999 by Jim Upchurch and is based in Los Angeles, California. More information about Caltius can be obtained at www.caltius.com.
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