We acquire niche industrial manufacturers with durable competitive positions, captive aftermarket economics, and loyal customer bases. We hold them permanently and build them thoughtfully.
Each business we acquire becomes the foundation for a vertical cluster — a platform supported by bolt-on acquisitions, shared services, and operational depth over time.
A 68-year-old manufacturer of precision spray automation systems serving Fortune 100 industrial clients. Each capital equipment sale creates a captive beachhead for recurring parts, consumables, and service — the engine of compounding aftermarket value.
Spraymation designs and manufactures custom precision spray automation systems for demanding industrial applications. Its core products include engineered-to-order panel spray machines, high-performance spray guns and applicators, heated hoses, and precision nozzle assemblies. The business serves critical coating and adhesive applications across tissue & hygiene, coatings, aerospace, medical device, and specialty chemical markets — primarily under long-term supply relationships with blue-chip customers.
Spraymation serves Fortune 100 manufacturers across tissue & hygiene, industrial coatings, aerospace & defense, medical devices, specialty chemicals, and food & bakery. Its customers are large-scale industrial producers — adhesive applicators, paint manufacturers, syringe producers, and food processing operations — where precision, repeatability, and uptime are critical. Long-term supply relationships with blue-chip clients including global consumer goods companies, coatings majors, and specialty chemical manufacturers reflect the mission-critical nature of Spraymation's equipment in high-volume production environments.
Next acquisition
We are actively evaluating bolt-on acquisitions across spray equipment manufacturers, industrial distributors, field service providers, and CNC machining in the Southeast US. Sub-$5M EBITDA, 10–75 employees.
Captive aftermarket economics
Each capital equipment sale creates a durable beachhead for recurring parts, consumables, and service — generating compounding returns independent of new unit sales.
Permanent-capital ownership
We hold businesses indefinitely. No fund timeline, no forced exit. Operators and sellers can build with confidence that their legacy is in hands aligned with the long term.
Vertical roll-up strategy
Platform acquisitions anchor a cluster of complementary bolt-ons — upstream suppliers, downstream service providers, and adjacent market participants — building defensible scale.