Blue Sea Capital invests in Abrasive Technology
Abrasive Technology, a Lewis Center, Ohio, manufacturer of superabrasive grinding wheels and tools, announced an investment by Blue Sea Capital.
The investment will enable Abrasive Technology to expand into new opportunities and continue manufacturing world-leading superabrasive grinding wheels and tools.
Abrasive Technology’s president and founder, Loyal M. Peterman, will continue to serve in his current capacity. Since the company was founded in 1971, Peterman has spearheaded Abrasive Technology’s strategic growth through product development, multiple acquisitions and facility expansions.
“Our loyal customers can continue to expect the same high-quality products and service that they have come to know and appreciate; while we embrace new opportunities and growth,” Peterman said. “I am incredibly proud of our knowledgeable associates and the culture we have cultivated at Abrasive Technology. We selected Blue Sea based on their growth-mindset and appreciation for our people-focused culture and alignment with the value system that we have embraced for the last 50 years, including collaboration, involvement, trust and integrity.”
The company serves customers in aerospace, automotive, medical & dental, industrial, oil & gas and electronics markets. Abrasive Technology’s P.B.S. braze bond was patented in 1975 and today is still recognized as the premier bonding process.
“We are thrilled to partner with Abrasive Technology to provide its diverse customer base with industry leading products, engineering support and service,” said Scott Kirkendall, Partner at Blue Sea, a private equity firm based in West Palm Beach, Florida, that invests in growth-oriented lower middle market companies valued up to $250 million.
Abrasive Technology has manufacturing facilities located in the United States, Canada, United Kingdom and Spain; and sales offices in Mexico.
INDUSTRIAL SUPPLY MAGAZINE
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