Stonewood Capital Management, Inc., through its investment affiliate and SBC Equity Partners, LP, has partnered with company management to buy the assets of CK Composites, Inc. of Mount Pleasant, PA. CK Composites is a recognized leader in the manufacture of composites including, fiberglass, epoxy and wood insulation products for the power, natural gas transmission, medical device and defense industries. Allan Bartek, P.E., with over 38 years’ experience in the composites and electric power industries, is President of CK Composites and participated in the buy-out. “Our company is positioned in areas ripe for growth, and we are very excited about the future,” said Bartek. “With Stonewood Capital behind us, we will have the resources necessary to take CK Composites to the next level.”
First National Bank of Pennsylvania provided senior financing in support of the acquisition.
CK Composites, Inc. was formed in 1985 from the buy-out of the assets of the former Permali, Inc. and has 60 employees in its Mount Pleasant facility.
Stonewood Capital is a Pittsburgh-based private equity firm seeking investment opportunities primarily with manufacturing, assembly, or distribution companies with sales from $5 to $60 million. Stonewood Capital’s executives have experience with many types of transactions, but specialize in making acquisitions in partnership with experienced management teams. The managers supply the business skills necessary to move the company forward, and Stonewood Capital adds value by helping craft strategies for growth and margin improvement as well as assisting management teams with legal and financial issues that arise in the business.
Kenn Moritz, President of Stonewood Capital, and Peter Muth, Vice President, led the Stonewood Capital investment in CK Composites LLC.
Jonathan runs Visibility Initiatives at the Pittsburgh Technology Council. The Council is the nation’s largest IT trade association with 1,350 members. One of our platforms is to provide visibility to Pittsburgh tech companies and the industry in general.