Company Overview
Designer and manufacturer of highly engineered paint booths, finishing solutions, and related accessories for the automotive collision repair and industrial end markets.
Investment Status
Active. Seeking add-on acquisitions to accelerate end market expansion, diversify product offerings, and expand geographically.
Transaction Overview
Recapitalization of Garmat USA, LLC.
Investment Thesis
- Domestic market leader in the highly engineered paint booth segment
- Compelling industry trends resulting from consolidation of high volume, multi-site operator collision repair center customers that demand product excellence, consistency, and a national service network
- Products offer a tangible value proposition to customers by increasing efficiency and achieving superior facility-level economics
- Opportunity to stimulate growth by formalizing commercial strategy in surrounding adjacent industrial coatings end markets
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