Transaction Overview
- Represented Aurora Capital Partners in their acquisition of Spray-Tek LLC.
- Spray-Tek is a leading North American provider of specialized spray drying and ingredient processing solutions.
- Founded in 1980, Spray-Tek serves the food and beverage, personal and home care, pharmaceutical and nutraceutical markets.
Key Observations
- Spray-Tek had been independently owned since its founding and was looking for a partner to help take the business to the next level.
- Aurora needed an advisor with insights into the spray drying market as their investment thesis accounted for several viable growth vectors for Spray-Tek under their ownership.
Drivers of Interest
- Aurora valued Spray-Tek’s market leadership position, experienced management team, and ongoing investment in operational capabilities that would enable continued growth of the platform.