2 min read
May 8, 2019 1:41:47 PM
Center Rock Capital Partners acquires Texas-based global composite matting engineering and manufacturing company.
Signature Systems Group, a Texas-based leading manufacturer of composite ground protection products, this week announces a change in investment partnership to Center Rock Capital Partners, LP, of Chicago, Illinois and Bloomfield Hills, Michigan.
“Signature has been at the forefront of the ground protection industry since the company’s inception in 1998,” says Signature’s CEO Pradeep Saha. “We have worked diligently to build an organization focused on customer needs, manufacturing excellence and product innovation. We are excited to partner with Center Rock and leverage their manufacturing expertise, network and resources as we continue to pursue significant growth opportunities.”
Center Rock Capital Partners invests in North American middle market industrial companies that serve both domestic and global markets. They provide equity capital “to support businesses working to unlock value by becoming stronger franchises through operational or strategic improvement…providing real-world tools and solutions.”
Center Rock Partner Terry Theodore says in Center Rock’s announcement, “Pradeep and the Signature team are changing the industry as their innovative composite mats gain wider acceptance among ground protection products. Investing heavily in proprietary designs and patented manufacturing technology, Signature is expected to benefit from strong industry tailwinds.”
Center Rock Capital Partners identifies as “a team that wants to do the hard work,” noting that great firms are built with transparency, flexibility, speed and credibility. Its portfolio includes companies such as American Piping Products of St. Louis, Missouri; LINC Systems, LLC, of Westfield, Indiana; and The Merit Distribution Group of Spartanburg, South Carolina.
About Signature Systems Group
Signature Systems Group manufactures and distributes composite matting ground protection for industrial applications, stadium turf protection and temporary event flooring. Its leading global brands include MegaDeck®, SignaRoad®, DuraDeck®, OmniDeck®, ArmorDeck® and EventDeck®.
About Center Rock Capital Partners
Center Rock is a Midwest-based private equity firm focused on building leading industrial companies in the lower middle market. Center Rock seeks industrial manufacturing, industrial services and industrial distribution companies headquartered in North America, often with multinational operations and locations that serve both domestic and global markets. With substantial expertise working constructively with management teams to drive both operational and strategic improvement, Center Rock’s investment professionals have the flexibility and tools to invest in a broad array of transactions and build value in lower middle market industrial companies.
For more information contact:
Tel: (410) 286-1273