Manufacturer of equipment & parts for the thermal spray industry.
Solution: Recapitalization
Business Description
Appleton, WI based Thermach is a leading manufacturer of thermal spray systems. After two decades of operation, Thermach’s three founders were seeking a
transaction that would address their varying personal objectives moving forward. The Company’s key characteristics included: (i) a reputation for quality products and responsive customer service; (ii) a high level of recurring parts revenue; and (iii) a highly diverse customer base.
Transaction Overview
Bel Air Growth Partners and Paul Schulz of PRS Partners sponsored the recapitalization of Thermach in a transaction that generated liquidity for the Company’s founders and broadened ownership among the management team.