Aurora Capital Group, a private equity firm based in Los Angeles, revealed that it had now completed its sale of ADCO Global, Inc. to another private equity firm Arsenal Capital Partners. Arsenal Capital Partners is a private equity firm that operates from New York. ADCO Global Inc. is a leading international manufacturer of specialty tapes, adhesives, and sealants. The financial details of the transaction, however, were not revealed.
"Aurora has a proven track record of partnering with strong management teams to help outstanding companies strengthen their market leadership positions and accelerate their growth trajectory. ADCO Global is an excellent example of the successful execution of this strategy. Our ability to identify a strong market leader, reposition the business in high-growth markets and complete strategic bolt-on acquisitions was critical to this successful transaction. We believe ADCO Global is well-positioned to continue to grow in both the U.S. and international markets. The entire ADCO Global organization, led by Chairman, President and CEO John Knox, has done a tremendous job building this business over the past few years. We appreciate their efforts in delivering a great outcome for our investors, and we wish them the very best in the future," Aurora Capital Group Principal Matthew B. Laycock explained.
Aurora Capital Group is a Los Angeles-based private investment firm that has over US$2.0 billion in assets under management across various private equity funds.
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