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The Crown Group Acquires Electra-Finish, Inc.

Transaction represents the first add-on acquisition The Crown Group has completed under ownership of High Road Capital Partners.

High Road Capital Partners has announced that its portfolio company, The Crown Group, has completed the acquisition of Electra-Finish, Inc., a leading provider of high-quality plastic coating services and solutions to the automotive, agricultural, heavy truck and other industrial end markets. The transaction represents the first add-on acquisition The Crown Group has completed under High Road’s ownership.

Electra-Finish is based in Asheboro, N.C., with a second facility in Spartanburg, S.C. 

“The acquisition of Electra-Finish expands The Crown Group’s product offerings to include high-end plastic coating solutions," said William Connell, partner at High Road. "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.” 

Dane Ball, founder and president of Electra-Finish, expressed excitement about joining the Crown platform, adding that it will offer a wider range of products and services and resources to both its customers as well as Crown’s clients.  "It is a powerful combination that best positions Electra-Finish for continued success," Ball said.    
 
 

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Automotive  •  Coating Systems & Equipment  •  Decorative  •  Industrial and Protective Coatings  •  Industry Trends & Happenings  •  Paint & Powder Coating Applications

 

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