MicroCare (New Britain, Conn.) announced today that the company has been sold to an investment firm in partnership with the company’s co-founder and senior management.
Capital Partners (Norwalk, Conn.) completed a control investment in the cleaning and coating product manufacturer, which will continue to operate under the MicroCare, Sticklers and MicroCare Medical brands. Former MicroCare COO Tom Tattersall, who will assume the role of CEO, said the company plans to invest more in product development, technology and distribution infrastructure.
“The sale of MicroCare was a very lengthy process to ensure we found the right fit for our company, our employees and our customers,” Tattersall said in a news release. “We are pleased that Capital Partners recognizes the strengths of the MicroCare business as well as its future potential. “With Capital Partners’ ongoing support, we are well-positioned to continue our sustainable, profitable growth.”
“MicroCare is a leader in multiple, highly-attractive industrial end markets.” added Capital Partners managing director Ed Tan. “MicroCare is a perfect fit with our approach of partnering with great managers and investing in a business with strong organic growth potential and attractive strategic acquisition opportunities.”
Founded in 1983, MicroCare makes cleaning and coating products for use in the electronics, medical, fiber optic and metal finishing industries.