Tinicum backs specialty chemicals distributor GracoRoberts
- GracoRoberts’ management team is retaining a significant stake in the company and will continue to lead the business
- Also, GracoRoberts provides a defense logistics and compliance program offering end-to-end supply chain management for military operations
- Jason Caldwell serves as CEO of of GracoRoberts
Tinicum has made an investment in GracoRoberts, an Arlington, Texas-based distributor of specialty chemicals and advanced composite materials to the aerospace and defense industry. No financial terms were disclosed.
GracoRoberts’ previous backer was CM Equity Partners.
GracoRoberts’ management team is retaining a significant stake in the company and will continue to lead the business.
Also, GracoRoberts provides a defense logistics and compliance program offering end-to-end supply chain management for military operations.
Jason Caldwell serves as CEO of of GracoRoberts.
“We greatly admire the business that the GracoRoberts team has built. It is distinguished by the team’s technical depth, unwavering commitment to customer service, and longstanding partnerships with the world’s leading material manufacturers,” said Erik Blumenkranz, a partner at Tinicum. ”
Harris Williams served as exclusive financial advisor, and Holland & Knight LLP served as legal counsel to GracoRoberts and CM Equity Partners. Goodwin Procter LLP served as legal counsel to Tinicum.
