Cotton Creek Capital has sold Graco Supply & Integrated Services, a provider of chemical products and supply chain services. No financial terms wre disclosed. As a result of the transaction, Graco’s management team will continue to lead the company.
DALLAS, TX–(Marketwired – Sep 24, 2015) – Cotton Creek Capital is pleased to announce the sale of its portfolio company, Graco Supply & Integrated Services. The transaction represents the culmination of a partnership between Cotton Creek Capital and company management in the execution of a growth and expansion strategy in the aerospace chemicals distribution market.
During its ownership by Cotton Creek Capital, Graco was transformed from an established regional distributor to a leading national provider of chemical products and supply chain services, serving a broad array of OEM, Tier 1 and Tier 2 commercial aviation, general aviation and military customers. Cotton Creek Capital assisted in the company’s development of strategic partnerships, vendor initiatives, and sales processes, including investment in value-added capabilities and capacity, including two new facilities and significant enhancements at existing facilities. As a result, revenue increased approximately 50% and EBITDA increased approximately 150% over Cotton Creek Capital’s investment period. Following the sale, Graco will continue to be led by its existing management team.
About Graco Supply & Integrated Services
Founded in 1959, Graco is a leading value-added distributor of chemicals, specialty materials, consumables and related services to the aerospace and defense industries. The company’s extensive product line card consists of paints, sealants, adhesives, surface treatments, composite materials and other shop consumables used in the manufacture and maintenance, repair and overhaul of commercial and military aircraft. The company also provides value-added services including custom repackaging, temperature-sensitive material handling, tinting and supply chain management capabilities. For more information on Graco please visit www.gracosupply.com.
About Cotton Creek Capital
Cotton Creek Capital is a Texas-based private equity firm focused on investing in and growing established lower middle market companies in manufacturing, value-added distribution, industrial, specialty chemical, business services, healthcare services and consumer staples. The firm invests in companies with enterprise values between $15 million and $200 million in transactions ranging from buyouts, recapitalizations, buy-and-builds to corporate divestitures. Cotton Creek Capital has offices in Dallas, Fort Worth, and Austin and is affiliated with Brownlie & Braden, LLC, a provider of financial advisory services to high net worth families for over 20 years. For further information, visit Cotton Creek’s website at www.cottoncreekcapital.com.