Century Park Capital Partners has recapitalised NCP Coatings, Inc, a developer and manufacturer of performance coatings solutions for the military, industrial, commercial, and forestry end markets.
NCP marks the third platform and eleventh overall investment by Century Park in the Specialty Chemicals sector.
Charlton Keultjes, who currently leads NCP, will remain with the business as President & COO.
This is the first transaction closed under the Century Leaders Program, a new Century Park initiative that is an executive-led, buy-and-build acquisition strategy.
Doug Holmberg, an executive in the firm’s Century Leaders Program covering the Specialty Chemicals sector, worked to source this transaction opportunity alongside Century Park and will join NCP Coatings as a Board Member and CEO. Holmberg is a coatings industry veteran with more than 25 years of experience in the industry. Most recently, Holmberg was Business Director of the Automotive and Specialty Coatings segment for the Americas region for Akzo Nobel.
BMO Sponsor Finance provided the debt financing for the transaction. Terms of the deal have not been disclosed.
