High Road Capital Partners recently announced that one of its portfolio firms, the Crown Group, had completed the acquisition of Electra-Finish Inc. This company is a leading provider of high-quality plastic coating services and solutions for automotive, industrial and agricultural industries.
Electra-Finish is based out of Asheboro, NC with a second facility at Spartanburg, SC. This acquisition represents the first purchase The Crown Group completed under the ownership of High Road.
According to High Road Capital partner William Connell, "The acquisition of Electra-Finish expands the Crown Group's product offerings to include high-end plastic coating solutions. It is a perfect complement to the high-end metal coating solutions for which Crown is renowned. In addition to expanding Crown's footprint in the southeastern United States, an area which continues to see growing automotive industry investment, Electra-Finish also expands Crown's already impressive customer base."
For its part, Electra-Finish founder and President Dane Bell said, "We are excited about joining the Crown platform and offering a wider range of products and servicea and resources to both our customers and Crown's. It is a powerful combination that best positions Electra-Finish for continued success."
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