SK Capital sells Isolatek International to Catchment Capital
The deal adds a century-old manufacturer of passive fireproofing materials, bringing capabilities in data center, advanced manufacturing, institutional, and commercial applications.
Takeaways
- Isolatek International is a century-old manufacturer of passive fireproofing mat
- SK Capital acquired Isolatek nearly three years ago and expanded its product por
- Catchment Capital, a 2024-founded industrial private equity firm, has acquired I
SK Capital sold Isolatek International, the Stanhope, New Jersey-based manufacturer of passive fireproofing materials, to Catchment Capital.
The company, founded in 1875, serves data center, advanced manufacturing, institutional, and commercial applications.
During SK Capital's nearly three-year ownership, the company broadened its product portfolio through organic investment and the acquisition of certain assets of Albi Protective Coatings, and launched FireSolve® SB.
“It has been a privilege to partner with Mike Harvey and the Isolatek team over nearly three years of significant transformation and growth,” said Jon Borell, Managing Director at SK Capital.
Evercore served as financial advisor and Goodwin Procter as legal counsel to SK Capital.
Get tomorrow morning's tape in your inbox.
Yesterday's platforms, add-ons, recaps, and exits, cleaned up before the workday starts.