Marco Group International, a portfolio company of The CapStreet Group, has acquired Manus Abrasive Systems, a Canadian manufacturer and distributor of surface preparation equipment, abrasive materials and consumables. No financial terms were disclosed.
HOUSTON–(BUSINESS WIRE)–Marco Group International (“Marco”) announced today it has completed the acquisition of Manus Abrasive Systems Inc. (“Manus”), an Edmonton, AB based manufacturer and distributor of surface preparation equipment, abrasive materials and consumables. Founded by Tom MacLean, Manus has distributed blast equipment, parts and supplies to industrial contractors with an emphasis on the Canadian market since 1983.
Founded in 1944, Marco is a manufacturer and distributor of surface preparation equipment and consumables to industrial contractors in the industrial, infrastructure, and downstream energy markets throughout the United States and internationally. Marco serves industrial contractors by offering a comprehensive line of abrasives, blasting equipment, coating equipment, engineered systems, rental equipment and safety products. Marco also provides in-field services for repairs and in-house engineered designs for custom solutions.
“We are excited to join the Marco team,” said Cory MacLean, president of Manus. “Marco has built an industry leading platform, and we believe our customers will benefit from the company’s international reach and deep product portfolio. We are excited to be a part of the Marco organization going forward.”
“Manus is an excellent fit for Marco,” commented John Kaul, CEO of Marco. “The acquisition will deepen Marco’s footprint in the Canadian market while also strengthening the company’s presence within the industrial and infrastructure markets. We continue to see numerous opportunities to partner with other business owners in order to expand our footprint and broaden our capabilities in an effort to provide a more compelling offer for all our customers in both North America and International markets. The Manus acquisition is an important step in the execution of our buy and build strategy.”
Marco is a portfolio company of The CapStreet Group.
About The CapStreet Group
The CapStreet Group is a Houston, Texas based private equity firm that invests in entrepreneur, family or employee-owned, lower middle market companies. We take a partnership approach and target companies operating in the industrial and business services sectors. We provide expertise, resources and capital to accelerate growth, creating long term sustainable businesses. For more information, visit our website, www.capstreet.com.