ATERIAN INVESTMENT PARTNERS COMPLETES SALE OF NEOGRAF
NEW YORK
and
MIAMI
,
February 1, 2023
/PRNewswire/ — Aterian Investment Partners (“Aterian”), a private investment firm, is pleased to announce the sale of NeoGraf Solutions, LLC (“NeoGraf” or the “Company”) to Edgewater Capital Partners (”
Edgewater
’), a private equity firm focused on investing in performance materials and service businesses.
NeoGraf is an industry-leading designer, fabricator and application development company focused on specialty natural graphite products for a variety of end markets.
Following the carveout acquisition of NeoGraf from GrafTech International Ltd. in 2017 through Aterian, Aterian worked with management to facilitate NeoGraf’s strategic commercial and operational transition from primarily serving consumer electronics applications to developing innovative, bespoke solutions that address fundamental needs within critical global megatrends, including electric vehicles , renewable and alternative energy, insulation and flame retardant materials, among others. NeoGraf is well positioned to continue to drive strong long-term growth as a key supplier to its broad and diversified blue chip OEM customer base in each of these transformative end markets.
“This transaction completes a highly successful partnership between NeoGraf and Aterian. We are grateful for Aterian’s confidence and support in our company, team and strategy as we worked together to transform NeoGraf,” said
Draws walkers
, CEO of NeoGraf. “We look forward to continuing to implement our strategy
Edgewater
and continue to drive industry-leading solutions for our customers.”
Brandon Bethea
Co-Founder and Partner at Aterian, stated, “It has been a privilege to work with the NeoGraf team. It’s not often that you work with an organization that has had a record of innovation for as long, since the late 19th century to be precise, and as proudly as this. How we pass ownership to
Edgewater
, we are confident in the positioning and future development of NeoGraf and grateful for our collaboration with the company. We wish the entire NeoGraf team, as well
Edgewater
Success on your journey from here.”
Joshua Ciampa
Managing Director at Aterian, added: “The success of our partnership with NeoGraf is a strong reflection of the operational intensity and value creation toolkit that Aterian brings to its investments, and we are proud to complete the transformation of a carve-out, ready for ongoing Success in attractive markets. NeoGraf is also a great example of Aterian’s continued focus on investing in chemistry and materials science.”
BDA Partners and Kirkland & Ellis LLP advised NeoGraf.
About Aterian Investment Partners
Aterian Investment Partners is a private equity firm that invests in industry-leading middle market companies. Working in partnership with management, Aterian supports investments across the business, including from people to processes, equipment, technology and social governance. With offices inside
new York
and
Florida
Aterian has accumulated cumulative equity commitments in excess of
$1.5 billion
since its inception in 2009. www.aterianpartners.com
About NeoGraf
headquarters in
Lakewood, OH
, NeoGraf is a specialty graphite solutions and materials science technology leader serving applications in electric vehicles, graphene and nanomaterials, alternative energy, electronic thermal management, industrial seals and seals in flow control, petrochemical and nuclear applications, building and construction, and flame retardation sectors. For more information on NeoGraf, visit www.neograf.com
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SOURCE Aterian Investment Partners
