NCP Coatings Recapitalizes with Century Park
Performance coatings specialty manufacturer NCP Coatings LLC (Niles, Michigan) recently announced its recapitalization by private equity group Century Park Capital Partners to grow its business.
The company develops and manufactures performance coatings solutions for the military, industrial, commercial and forestry end markets, as well as manufactures and supplies high-performance technologies like anti-corrosive epoxy systems, high gloss urethane systems, reported market-leading polysiloxanes, specialty systems for forestry customers and a wide range of MIL-SPEC approved military coatings.
NCP reports that the company’s core business mission will not change, but with the support of Century Park plans to grow and deliver solutions to its customers. The strategy will add additional capabilities by investing in talent, enhanced R&D capabilities and expansion through acquisitions.
According to the emailed release, NCP will be lead by Century Park Managing Director Doug Holmberg, who will serve as CEO and Board Member. Holmberg brings 25 years of experience in the industry, and the company states that he will join other industry executives and current management team to lead NCP in its next phase of growth.
“NCP has a unique mix of strong R&D and wide manufacturing capabilities, not often seen in coatings manufacturers of its size, while excelling in the customer closeness and responsiveness often only found in small companies,” commented Holmberg. “With this mix of technology, operational capabilities, and customer focus, NCP will form a strong foundation for the continued investment, innovation, and growth we envision.”
“Century Park is excited to invest in NCP. As a focused investment group, Century Park looks for businesses seeking to move beyond founder or family management,” added Martin Sarafa, Managing Partner of Century Park. “This is where additional investment of resources and capabilities is needed to take a company to its next level of growth.
“We see just such an opportunity with NCP. Recognizing NCP's strong technology and capabilities, we have full confidence in this experienced management team’s ability to take NCP to an entirely new competitive position within the industry. While we will actively seek acquisitions to complement NCP, we see strong organic growth as a key component to NCP's continued success.”