Private equity firm MPE Partners announced today an investment in Garmat USA, LLC. Located in Englewood, Colo., Garmat USA designs and manufactures paint booths, finishing solutions, and related accessories for the collision repair and industrial end markets.
Garmat, founded in 1988, serves collision repair shop customers through a nationwide network of distributor partners. Based in Cleveland, Ohio, and Boston, Mass., MPE invests in profitable, lower middle market companies with earnings before interest, taxes, depreciation and amortization (EBITDA) between $5-20 million. MPE has two primary target investment areas: high-value manufacturing and commercial & industrial services.
MPE partnered in the transaction with