Based in Sterling Heights, Michigan, Curtis is a provider of engineered protective coating, pre-treatment, heat treatment, and technical intermediation services for metal fasteners. It supplies to customers in the automotive, construction, military, appliance, aerospace, and other sectors. Financial terms were not disclosed.
Primat, based in Milan, Italy, is an applicator of coatings for fasteners, primarily for the automotive industry.
The company plans to leverage its proprietary line-automating technology at Curtis to become a high-quality, low-cost supplier to automotive customers. Its investment in Curtis provides them with a North American footprint that establishes the combined company as a global provider of fastener coating services for the automotive industry.
Primat and HCI Equity Partners will continue as shareholders in Curtis, and Jeff Wilson will continue at Curtis in his current role as CEO.
“Primat’s investment in Curtis creates the most technologically advanced fastener coaters supplier in the automotive industry,” shared HCI partner, Dan Dickinson. “Combining Primat’s best practices with Curtis’ location in the heart of the US automotive hub will result in delivering the highest standards of quality for its customers.”
HCI Equity Partners is a lower market private equity firm focused on partnering with family and founder-owned distribution, manufacturing and service companies. HCI is headquartered in Washington, DC.