ATL Partners (ATL) and British Columbia Investment Management Corporation (BCI) have acquired Valence Surface Technologies LLC (Company). Existing management has also invested in Valence.
“Over the last several years, we have built Valence into a market leading platform and we look forward to expanding the Company’s capabilities and geographic footprint as we seek to offer additional, differentiated services to our growing customer base” said Tracy Glende, chief executive officer of Valence. “We are very excited to partner with ATL given their sector focus and in-depth knowledge of commercial aerospace and the surface finishing market.”
Owl Rock Capital Corporation and Antares Capital LP provided debt financing to support the acquisition. Lazard Ltd. was the financial advisor to the Company. BCI’s acquisition of governance rights in the Company remain subject to customary regulatory approvals.
The post ATL Partners and British Columbia Investment Management Corporation Acquire Valence Surface Technologies appeared first on American Coatings Association.
from American Coatings Association https://www.paint.org/atl-partners-and-british-columbia-investment-management-corporation-acquire-valence-surface-technologies/
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