Polished Metals, a portfolio company of Sky Island Capital, has acquired Union, New Jersey-based Architectural Metal Polishing, a metal polisher. No financial terms were disclosed.
Dallas, Texas – July 12, 2021 – Sky Island Capital LP (“Sky Island”), a Dallas-based lower middle market private equity firm, is pleased to announce that its portfolio company, Polished Metals Limited (“Polished Metals”), has acquired Architectural Metal Polishing L.L.C. (“Architectural Metal Polishing”). Headquartered in Union, New Jersey, Architectural Metal Polishing is a leading metal polisher, offering a variety of finishes and metals to several end markets, including elevators & escalator OEM’s, architects, designers, and trucking & automotive manufacturers, among many other customers.
“Richard and the Architectural Metal Polishing team share a common goal with Polished Metals in that our main objective is to provide best-in-class quality and service to all the customers we serve. Additionally, our individual strengths complement each another.” remarked Jeff Watson, Chief Executive Officer of Polished Metals.
Richard Kolodin, President of Architectural Metal Polishing, who has been in the metals business for 47 years, commented, “I am excited about the combination of our businesses. This will increase our production capacity and allow us to serve a wider range of customers with a broader set of capabilities.”
Sky Island Capital Managing Partner Jack Waterstreet added, “With Richard joining the team we now have over 100 years of collective experience in the metal polishing space – we are excited to bring these minds together and make a collaborative effort to further improve our business and serve a wider customer base. With the added capacity and polishing capabilities, we will better serve new and existing customers in various industries. With this momentum, we will continue growing Polished Metals through organic initiatives and add-on acquisitions.”
About Sky Island Capital
Sky Island Capital (www.skyislandcap.com) is a lower middle market private equity firm based in Dallas, Texas that makes control investments in strategically viable North American manufacturing companies that exhibit transformational upside potential. Sky Island focuses on situations where it can draw upon its deep operational experience to support senior management in driving significant value creation through operational and strategic partnership, including add-on acquisitions. Sky Island is comfortable with and has a history of executing transactions with complex dynamics, including family-owned businesses, management buyouts, corporate carve-outs, public to privates, lender-controlled businesses, and other special situations.