HomeAbout UsOur TeamInvestmentsOur TeamLimited Partner LoginContact Us
Our Story
 
 
 
 
 


WestView Capital Partners Acquires Radiac Abrasives

February 10, 2006

Boston, MA

WestView Capital Partners today announced that it has partnered with senior management to acquire Radiac Abrasives, Inc., the second largest manufacturer of bonded abrasive and super abrasive grinding wheels in the United States. Radiac and its predecessor companies have been manufacturing abrasives for over 115 years. Radiac provides a full line of custom grinding products to its customers across various industrial markets including aerospace, oil and gas, primary metals and automotive. The Company now operates under a newly created acquisition corporation named WV Abrasive Holdings, Corp. Joining WestView in the transaction were three of its limited partners as equity co-investors.

“WestView’s investment philosophy of establishing a collaborative relationship of partnering with the Company’s management will prove beneficial to all the customers, distributors and employees of Radiac”, said Dave Pryor, Chief Executive Officer of Radiac Abrasives. “WestView brings a track record of success, coupled with substantial financial strength that will allow Radiac to build on its vision of supplying high quality, high value abrasive products to its customers.”

“We are very excited to back this outstanding management team led by its CEO, Dave Pryor. Radiac fits well within our strategy of financing best of breed companies and supporting them as they continue their track record of outperformance,” said Carlo von Schroeter, managing partner at WestView. “Radiac has experienced strong financial performance and we believe that there are significant future opportunities through continued organic growth, new product development and add-on acquisitions”, commented John Turner, general partner at WestView.

About Radiac Abrasives:
Radiac Abrasives is a leading manufacturer of bonded abrasive and super abrasive grinding wheels. Radiac and its predecessor companies have been manufacturing abrasives for over 115 years. With four plants in the United States and Mexico, Radiac offers a full line of custom grinding products to over 20,000 customers across various industrial markets. Radiac is headquartered in Salem, Illinois and more information is available at www.radiac.com.

About WestView Capital Partners:
WestView Capital Partners is a private equity firm focused exclusively on lower middle market companies. WestView currently manages approximately $200 million and sponsors recapitalization, growth, buyout and consolidation transactions in a wide range of industries. WestView targets companies with operating profits between $3 million and $15 million with investment sizes ranging from $5 million to $20 million. WestView’s investment strategy centers on partnering with existing management teams in both minority and majority ownership transactions. WestView is located in Boston, Massachusetts and more information is available at www.wvcapital.com.