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.