MicroCare has announced that Capital Partners, located in Norwalk, Connecticut, has completed a control investment in MicroCare, LLC in partnership with the company’s co-founder and senior management on May 28, 2020.
MicroCare will continue to operate under the MicroCare, Sticklers and MicroCare Medical brands.
Sarah Piquet, vice president at Capital Partners, said: “We closed this investment in the midst of the COVID-19 crisis as the company has proven to be a strong, recession-resistant essential business, which should benefit from a growing global focus on cleanliness and increasing importance on telecom infrastructure.”
Tom Tattersall, former MicroCare COO, will assume the role of MicroCare CEO.
He said: “The sale of MicroCare was a very lengthy process to ensure we found the right fit for our company, our employees and our customers. We are pleased that Capital Partners recognises 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. With further investments in product development, technology and distribution infrastructure, we remain committed to delivering a broad range of critical cleaning solutions and the value-added technical expertise and lab-support our distributors and end-users have come to expect from us.”
MicroCare, LLC is an ISO 9001:2015 registered company specialising in cleaning, coating and lubricating fluids used in the manufacture and installation of a broad range of products, including in the medical industry.
Ed Tan, managing director of Capital Partners, added: “MicroCare is a leader in multiple, highly attractive industrial end markets. 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.”