MPE Partners has made an investment in Garmat USA LLC, a Colorado-based designer and manufacturer of highly engineered paint booths and related accessories for the automotive collision repair and industrial end markets. Financial terms were not disclosed.
Founded in 1988, Garmat USA incorporates airflow technology into its paint booths to deliver high throughput rates and energy efficiency to achieve an attractive total cost of ownership for high-volume collision repair operators. The company serves multi-site operators and independent repair shops through a nationwide network of distributors.
MPE partnered in the transaction with Garmat USA CEO Johan Huwaert.
“We are excited to partner with Johan and his team to help them achieve their next phase of growth,” MPE Partner Graham Schena said in a statement.
Huwaert added: “It is an exciting time in the collision repair industry, and we thought it was the right time to bring in a partner with the resources and experience to help us enhance our position as the innovation leader in our industry.”
MPE Partners primarily works with entrepreneur- and family-owned companies, investing in lower middle-market companies with EBITDA between $5 million and $20 million. Its primary target investment areas are high-value manufacturing and commercial & industrial services.
