WEST PALM BEACH, FL — Blue Sea Capital introduced Thursday that it has made an funding in Abrasive Know-how (AT), a supplier of superabrasive merchandise for the dental, aerospace, medical and industrial finish markets.
Based in 1971, Abrasive Know-how, based mostly in Lewis Middle, OH, is a world chief in superabrasive grinding and tooling. The corporate’s diversified portfolio of merchandise ranges from the world’s highest-performing diamond dental burs marketed underneath the Two Striper model to modern diamond/CBN grinding wheels and coatings for the aerospace market to PCD/PCBN tooling. The corporate has grown considerably over its historical past, and continues to be led by its founder, Loyal (“Butch”) Peterman. The corporate has over 140 registered patents and emblems.
“I’m extremely pleased with our educated associates and the tradition we now have cultivated at Abrasive Know-how,” mentioned Butch Peterman, President of Abrasive Know-how. “We chosen Blue Sea as our accomplice based mostly on their appreciation for our people-focused tradition and alignment with the worth system that we now have embraced for the final 50 years, together with collaboration, involvement, belief and integrity.”
“We’re thrilled to accomplice with Abrasive Know-how to supply its numerous buyer base with business main merchandise, engineering assist and repair,” mentioned Scott Kirkendall, Companion at Blue Sea. “The Firm has a 50-year heritage of manufacturing the very best performing superabrasive tooling on the planet, giving it a powerful basis for progress because the supplies and functions of its prospects turn out to be more and more demanding.” Lee Farber, Vice President at Blue Sea, added “Abrasive Know-how is an ideal match with our agency given the overlap of its finish markets with Blue Sea’s deal with Healthcare, Aerospace & Protection, and Industrial Development. We recognized Abrasive Know-how as a well-positioned firm and imagine there are nice alternatives to speed up progress.”
Kirkland & Ellis acted as authorized advisor to Blue Sea Capital and Kegler Brown Hill + Ritter acted as authorized advisor to Abrasive Know-how. Residents Capital Markets acted as monetary advisor to the Firm, and KeyBanc Capital Markets acted as monetary advisor to Blue Sea. Financing for the transaction was supplied by Twin Brook Capital Companions.
Blue Sea Capital is a non-public fairness agency based mostly in West Palm Seashore, FL that invests in growth-oriented decrease center market corporations valued as much as $250 million. The agency has over $750 million in property underneath administration and invests throughout three business verticals: aerospace & protection, healthcare and industrial progress.