EQT Private Equity, a NYC-based investment firm, acquired Zeus, an Orangeburg, South Carolina-based supplier of custom polymer components.
EQT also announced that John Groetelaars, former CEO of Hillrom and EQT Industrial Advisor, will serve as Zeus’ Executive Chairman upon closing of the transaction.
The amount of the deal was not disclosed.
EQT will support Zeus through investments in additional production capacity, R&D, and operational excellence
Led by Steve Peterson, President and CEO, Zeus is a polymer extrusion and catheter design manufacturer. With over 55 years of experience in medical, aerospace, energy, automotive, fiber optics, and other leading industries, its mission is to provide solutions, enable innovation, and enhance lives.
The company employs over 2,400 people worldwide with facilities in Aiken, Columbia, Gaston, Orangeburg, and St. Matthews, South Carolina; Branchburg, New Jersey; Chattanooga, Tennessee; San Jose, California; Arden Hills, Minnesota; Guangzhou, China; and Letterkenny, Ireland.
EQT is a purpose-driven global investment organization with EUR 232 Billion in total assets under management (EUR 128 billion in fee-generating assets under management), within two business segments – Private Capital and Real Assets. Its owns portfolio companies and assets in Europe, Asia-Pacific and the Americas and supports them in achieving sustainable growth and market leadership.
FinSMEs
19/12/2023