Arsenal Capital Partners recently announced it has signed an agreement to acquire ADCO Global Inc. ADCO Global is a portfolio company of Aurora Capital Group, a Los Angeles-based private equity firm. The transaction is expected to close during the third quarter.
“ADCO Global has a long history of innovation, providing great solutions and service to its diverse customers,” said John Televantos, a partner at Arsenal Capital Partners and co-head of the firm’s Specialty Industrials Group. “We look forward to working with ADCO Global’s management and employees.”
“Aurora has been a great partner for ADCO Global,” said John Knox, chairman, president and CEO of ADCO Global. “Aurora’s support and governance have been essential to our successful transformation of the business. ADCO Global is excited to partner with Arsenal Capital Partners. Arsenal has an outstanding track record of growing specialty chemicals businesses. ADCO Global is expanding its position around the world with innovative products and solutions to serve market-leading customers. Arsenal is well-suited to support ADCO Global’s continued growth.”