CenterOak Partners, LLC, a Dallas-based private equity firm, has completed a majority investment in Aakash Chemicals and Dye-Stuffs, Inc., a Glendale Heights, Illinois-based supplier of colorants, additives and other specialty chemicals.
The terms of the transaction were not disclosed.
Founded in 1978, Aakash Chemicals supplies a diverse base of customers with a variety of specialty items, focusing on technical products for the plastics, coatings and graphic arts end markets. The company is led by CEO Aakash Shah, who will retain significant equity interest and will remain in his current role.
CenterOak Partners invested with capital from its $420 million CenterOak Equity Fund I, L.P.
FinSMEs
02/02/2017