The Sierra Company, a portfolio company of Tonka Bay Equity Partners since May 2015, has acquired the assets of Burke Industrial Coatings.
Burke is a maker of liquid stainless steel and antimicrobial industrial coatings. The company’s flagship products are stainless steel finishes that are heavily pigmented with stainless steel flakes to provide corrosion resistance and long-term durability even under extreme exposures. The company’s coatings provide resistance to general weather, coastal environments, chemical fumes, spillage and abrasion.
Burke’s specialty antimicrobial coatings are used in a range of applications in the food and beverage, HVAC, travel and medical sectors. Company-owned brand names include Superlife, Steel Tuff, Steel Plus, Supertemp and Silverbullet. Burke was founded in 1984 and is headquartered just north of Portland in Ridgefield, WA (www.burkeindustrialcoatings.com).
“Burke has some unique technology that complements our specialty coatings product line and expands our product offerings within the high-performance coatings market for industrial and OEM applications,” said Ray Torres, CEO of Sierra.
The Sierra Company manufactures industrial coatings and specialty concrete treatments, sealants and coatings that are used in commercial construction, residential construction and government infrastructure. The company is headquartered near Minneapolis in Minnetonka, MN (www.sierrapaint.com).
In October 2017, Sierra completed the add-on acquisition of Dade City, FL-based SureCrete Design Products, a manufacturer of decorative and specialty concrete products that are used to resurface floors, walls, ceilings, countertops, and structural castings (www.surecretedesign.com).
Tonka Bay invests in manufacturing, value-added distribution and business services companies that have EBITDAs greater than $2 million. The firm is based in the Minneapolis suburb of Minnetonka (www.tonkabayequity.com).
© 2018 Private Equity Professional | January 30, 2018
