10.03.17
High Road Capital Partners on Tuesday announced the sale of its portfolio company, The Crown Group, to PPG.
Terms were not disclosed. The sale closed on Monday.
Warren, Mich.-based The Crown Group is an independent North American provider of high-quality coating, assembly operations and logistics services to automotive, agricultural, heavy truck and white goods industries. Crown specializes in high volume, difficult-to-coat products, providing exceptional technical capabilities and quick turnaround to a diverse customer base.
“During High Road’s four-year ownership of Crown, revenue grew by more than 80 percent and EBITDA more than doubled,” said Bill Connell, High Road partner.”
“High Road’s partnership enabled Crown to solidify our position as the go-to provider for high volume, difficult-to-coat products, as we extended our coating capabilities and expanded our production,” said The Crown Group President and CEO Frank Knoth. “Over the last four years, we nearly doubled both our facilities and employees.”
High Road Capital Partners has completed 43 transactions – 17 platform investments, 20 add-on acquisitions and six exits – since its founding in 2007.
Photo: thecrowngrp.com
Terms were not disclosed. The sale closed on Monday.
Warren, Mich.-based The Crown Group is an independent North American provider of high-quality coating, assembly operations and logistics services to automotive, agricultural, heavy truck and white goods industries. Crown specializes in high volume, difficult-to-coat products, providing exceptional technical capabilities and quick turnaround to a diverse customer base.
“During High Road’s four-year ownership of Crown, revenue grew by more than 80 percent and EBITDA more than doubled,” said Bill Connell, High Road partner.”
“High Road’s partnership enabled Crown to solidify our position as the go-to provider for high volume, difficult-to-coat products, as we extended our coating capabilities and expanded our production,” said The Crown Group President and CEO Frank Knoth. “Over the last four years, we nearly doubled both our facilities and employees.”
High Road Capital Partners has completed 43 transactions – 17 platform investments, 20 add-on acquisitions and six exits – since its founding in 2007.
Photo: thecrowngrp.com