Exited Investment
Nicoat Holdings, LLC
Prairie Capital Fund III
Location | Itasca, IL |
Transaction Type | Management Buyout |
Investment Date | August 2005 |
Exit Date | November 2010 |
Buyer | Caltius Equity Partners |
Business | Formulator and manufacturer of specialty aqueous and ultraviolet coatings for the commercial printing and graphic arts industries. |
Industry | Industrial |
Investment Rationale
- The Company had a highly diversified customer base and substantial product diversification, supplying over 6,000 offset commercial printers in the market with custom-formulated specialty coatings for very specific applications.
- The Company’s custom-formulated solutions yielded attractive margins and high switching costs.
- The Company had substantial growth opportunities both internationaly and domestically via expansion of the domestic sales force and enhanced capacity by moving to a new facility.