Victor Capital Partners LLC acquired The Coats Company, LLC from Vontier Corporation for $72.5 million.
January 08, 2024
Share
Victor Capital Partners LLC acquired The Coats Company, LLC from Vontier Corporation (NYSE:VNT) for $72.5 million on January 8, 2024. Transaction is in all cash. Coats will continue to be led locally by its existing executive team. Mauricio Sartori will serve as President and Chief Executive Officer. Maranon Capital provided financing in support of the transaction. Current Capital Partners acted as financial advisor to Victor Capital. Blank Rome acted as a legal counsel to Victor Capital. Mike Krigbaum of Morrison & Foerster LLP acted as legal advisor and Angle Advisors, LLC acted as financial advisor to Vontier Corporation.
Victor Capital Partners LLC completed the acquisition of The Coats Company, LLC from Vontier Corporation (NYSE:VNT) on January 8, 2024.
Vontier Corporation is a global industrial technology company uniting productivity, automation, and multi-energy technologies to meet the needs of a rapidly evolving, more connected mobility ecosystem. The Company operates through three segments. The Mobility Technologies segment provides digitally enabled equipment and solutions to support efficient operations across the mobility ecosystem, including point-of-sale and payment systems, workflow automation solutions, telematics, data analytics, software platform for electric vehicle charging networks, and integrated solutions for alternative fuel dispensing. Its Repair Solutions segment manufactures and distributes aftermarket vehicle repair tools, toolboxes, automotive diagnostic equipment, and software through a network of mobile franchisees. The Environmental & Fueling Solutions segment provides environmental and fueling hardware and software, and aftermarket solutions for global fueling infrastructure.