Audax Private Equity Acquires California Products Corp.
Grace Matthews Inc. and California Products Corp. (CPC) recently announced that CPC has been acquired by Audax Private Equity. CPC was acquired from Delos Capital. Grace Matthews advised CPC and Delos on this transaction.
Delos acquired CPC in 2013, and began executing a robust growth strategy, which included several acquisitions that expanded the geographic footprint of the business and added complementary products to CPC’s portfolio. Audax’s acquisition of CPC follows its March 2015 investment in Nicoat. CPC and Nicoat reportedly represent the formation of a new platform in the specialty coatings and adhesives markets that Audax plans to grow organically and through acquisition. Delos will continue as a shareholder in the combined platform.
“Delos Capital was fortunate to have backed the right company and management team in our fund's first investment,” said Matt Constantino, founder of Delos Capital. “Our investment in California Products yielded a great return for our institutional shareholders, and we are excited about our rolled equity going forward.”
For more information, visit www.calprocorp.com or www.audaxgroup.com.
Looking for a reprint of this article?
From high-res PDFs to custom plaques, order your copy today!
