Sale Transaction   |  

Principals of True North Advise Coulter Inc. in Sale to Lakewind Investments

Coulter, Inc. sold its business to Lakewind Investments

Lakewind Investments, an Indianapolis-based growth equity firm, announced that it has acquired the business of Coulter Inc., a premier manufacturer of metalized and custom paint finishes. Terms of the transaction were not disclosed.

Coulter Inc., located in Middlebury, Indiana, is a specialty spray coating company that provides specialty finishes to plastic jars, bottles, and closures. The Company’s decorative finishing capabilities include metalizing, decorative coatings, custom color matching, textured finishes, and other specialty applications. The Company has established itself as a top provider of decorative finishes for packaging experts in many industries including aerosol paint, health and beauty, and home goods.

Lakewind Investments is a private investment firm founded on the belief that its experience in investing, managing, and growing companies can benefit others. Lakewind seeks to invest in quality businesses and support management teams in creating value for all parties involved. “Coulter's focus on providing high quality products with a customer-focused approach made this an ideal investment for Lakewind. We believe the combination of the team at Coulter and our collective experiences will help the company continue to build upon its success,” stated George Van Vliet, Vice President and Partner at Lakewind Investments.

Mark Bate, Co-Owner and President of Coulter Inc. added, “Lakewind Investments is the perfect partner for building on Coulter’s history of long-term partnerships with its customers by delivering quality products, on-time and at a fair price. Lakewind’s experience in managing businesses, building great teams, delivering industry-leading customer service, and investing in growth aligns perfectly with Coulter’s mission and values. This is an ideal match that will bring value to our customers, employees, and supply partners.”

The Principals of True North, acting in their capacity as registered agents of Burch & Company, Inc. (“Burch”), were the lead strategic and financial advisors to Coulter Inc. on the sale of its business to Lakewind Investments. In order to assist True North with securities related transactions, its principals are registered investment banking agents of Burch & Company, Inc., member FINRA/SiPC. Burch and True North are not affiliated entities.

Sale Transaction
Coulter, Inc. sold its business to Lakewind Investments
Deal date
December 30, 2020
Transaction type
Sale Transaction
Category
Manufacturing
Industry
Consumer Packaged Goods (CPG)