(PRWEB) January 12, 2018
Argosy Private Equity and Sidereal Capital Group, LLC announced the successful completion of the sale of U∙C Coatings LLC to High Road Capital Partners.
Headquartered in Buffalo, NY, U∙C Coatings formulates and manufactures a complementary portfolio of proprietary specialty coatings used within the logging, lumber, furniture, and woodworking industries. The company’s flagship ANCHORSEAL® branded products are an industry leading line of wax-based, emulsion end sealers, designed to prevent splitting and degradation of freshly sawn, high value hardwood logs and lumber during processing. Additional proprietary offerings include GEMPAINT®, a water-based paint used by suppliers to differentiate the ends of hardwood lumber for branding and identification purposes and Seal-Once®, a premium line of eco-friendly, non-toxic waterproofing, sealing, and cleaning products for wood, composite decking and concrete and masonry surfaces. The company also distributes other related niche market wood protection products.
About Argosy Private Equity
Argosy Private Equity, founded in 1990, specializes in providing capital and operating and financial expertise to lower middle market companies across a broad range of industries. Argosy partners with motivated management teams investing in companies with sustainable competitive advantages and attractive growth prospects. Argosy Private Equity has $600 million in assets under management and is located in Wayne, Pennsylvania. For more information, please visit http://www.argosyprivateequity.com.
About Sidereal Capital Group, LLC
Sidereal Capital Group, LLC is a private equity firm that invests in lower middle market companies operating within niche segments of specialty manufacturing, industrial services, and business and information services. Over the years, we have developed a deep expertise in partnering with the management teams of historically under-resourced businesses and providing strategic guidance, financial acumen, growth capital, analytical rigor and operational support to drive organizational transformation, increase scale, and maximize value. For more information, please visit http://www.siderealcapital.com