H.I.G. Capital, LLC, a global private equity investment firm with USD 25 billion of equity capital under management, has announced that its portfolio company, Vantage Specialty Chemicals Holdings, Inc., a, vertically integrated provider of naturally derived ingredients, has acquired B&B Tritech, Inc., the company said.
Located in Hialeah, Florida, B&B is a global manufacturer of surface treatment solutions engineered for defense and commercial aviation markets. For over 60 years, B&B has developed and manufactured best-in-class aircraft paint removers, MIL-spec cleaners, turbine engine gas path cleaners, exterior aircraft cleaners and other surface treatments to exceed industry standards for performance, compatibility and safety.
B&B is the first add-on acquisition that Vantage has completed since H.I.G. acquired the company in October 2017.
Founded in 1953 and headquartered in Hialeah, FL, B&B manufactures chemical compounds and solutions used primarily by the aviation industry for cleaning, paint removal, and de-greasing of aircraft and aircraft components. The company sells a diversified portfolio of products to customers worldwide that are used on a variety of aircraft.
Vantage is a producer of naturally derived, specialty ingredients focused on Personal Care, Food, Consumer Care and Industrial end markets with a portfolio of over 2,000 products. Headquartered in Chicago, IL, Vantage operates a global manufacturing and supply chain across 6 manufacturing facilities, 13 formulation laboratories and 19 distribution warehouses located in 14 countries across the United States, Latin America, South Africa, Europe, and Asia. For more information, visit http://www.vantagespecialties.com.
H.I.G. is a global private equity and alternative assets investment firm with USD 25 billion of equity capital under management.* Based in Miami, and with offices in New York, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Atlanta in the US, as well as international affiliate offices in London, Hamburg, Madrid, Milan, Paris, BogotÃ¡, Mexico City and Rio de Janeiro, H.I.G. specializes in providing both debt and equity capital to small and mid-sized companies, utilizing a flexible and operationally focused / value-added approach.