The Coats Company has been acquired by Victor Capital Partners from the Vontier Corporation, according to a recent press release.
Coats is a 75-year-old company that manufactures and distributes Coats-branded wheel service, alignment, inspection, lift, and shop productivity equipment and services, with a customer base primarily made up of repair shops, tire dealers, big box retailers, and car dealers.
The company’s current manufacturing facility and office in LaVergne, Tennessee has been designated as its headquarters following the acquisition by Victor Capital. Its existing executive team will continue to work in the company, with Mauricio Sartori acting as president and CEO.
“We are thrilled to be partnering with Victor Capital and tapping into their deep expertise in developing strong, vibrant, innovative industrial businesses,” stated Sartori. “The Victor Capital team shares our values of collaboration and customer-focus and is committed to building upon our legacy of great people, quality products, and a powerful brand.”
