Private Equity Group Century Park Capital Partners has announced the recapitalization of NCP Coatings. Headquartered in Niles, MI, NCP develops and manufactures technologically advanced performance coatings solutions for the military, industrial, commercial, and forestry end markets. NCP marks the third platform and eleventh overall investment by Century Park in the specialty chemicals sector.

Charlton Keultjes, who currently leads NCP and will remain with the business as President & COO, commented, “We are excited to partner with Century Park as NCP moves into its next phase of growth. Century Park’s team and their core values align well with the Hannewyk family ownership as well as NCP’s vision for future growth. Century Park’s track record of success in the specialty chemical industry is a perfect fit as we seek to invest in expanding NCP by adding new talent, new capabilities, and combining our strengths with other performance coatings businesses through strategic acquisitions.”

Tony Trevino, Principal with Century Park, added, “With a strong internal research and development team and a 70+ year track record of delivering high quality products, NCP has built an excellent reputation with its customers and in the markets it serves. We are thrilled to work alongside management and to support NCP as it expands into new markets and reaches new customers.”

This is the first transaction closed under the Century Leaders Program, a new Century Park initiative that is an executive-led, buy-and-build acquisition strategy. Century Park teams up with an Operating Partner or C-level executive in a targeted sector, dedicating a deal team and search resources to a defined investment area.