Article

SurfacePrep Announces Strategic Acquisition of Precision Abrasives

Byron Center, MI

SurfacePrep, a leading distributor of surface finishing equipment and abrasive products, is pleased to announce the acquisition of Precision Abrasives, a prominent provider of abrasive products and solutions. This acquisition is set to enhance SurfacePrep’s product offerings and expand its footprint in the surface preparation industry.

Precision Abrasives is known for its high-quality products and customer-centric approach. This partnership aligns with SurfacePrep’s strategic goal to provide comprehensive surface finishing solutions across a broader market segment.

“The integration of Precision Abrasives supports our mission to deliver unmatched service and product offerings to our customers,” said Steve Gumbert Executive VP of Sales and Services “This acquisition not only expands our portfolio but also reinforces our commitment to being the premier provider in the surface preparation industry.”

SurfacePrep and Precision Abrasives will work closely to ensure a smooth transition for customers and employees. Both companies are excited about the opportunities this acquisition will bring, including enhanced operational capabilities and a stronger market presence.

Certain statements about Nautic made by portfolio company executives herein are intended to illustrate Nautic’s business relationship with such persons, including with respect to Nautic’s facilities as a business partner, rather than Nautic’s capabilities or expertise with respect to investment advisory services. Portfolio company executives were not compensated in connection with their participation, although they generally receive compensation and investment opportunities in connection with their portfolio company roles, and in certain cases are also owners of portfolio company securities and/or investors in Nautic-sponsored vehicles. Such compensation and investments subject participants to potential conflicts of interest in making the statements herein.