Arsenal Capital Partners-backed Accella Performance Materials Inc. has acquired Zeus Tyrefill Systems GmbH for an undisclosed amount.
Dortmund, Germany-based Zeus manufactures tyre-fill systems and provides services to heavy-duty industrial and off-road vehicles. The tyre-fill systems help prevent damage to tires by filling them with flexible polyurethane mixtures. The company will operate as a subsidiary of Accella Polyurethane Systems.
Accella, headquartered in Maryland Heights, Montana, expects the acquisition to enhance the services it provides through its tyre-fill business. This is the buyer's fourth acquisition since being bought by private equity firm Arsenal in 2012. The company, formerly known as Dash Multi-Corp., picked up both Arnco, a polyurethane product supplier, and Pathway Polymers, in 2013.
Arsenal, headquartered in New York, closed an $875 million fund in April 2013. One of the firm's portfolio companies, TractManager, picked up health care analytics provider MD Buyline from SFW Capital Partners in August. Arsenal-backed IGM Resins Inc. picked up High Technology Group, a coatings industry service provider, also in August.
For more on the firm, watch our video interview with Arsenal's Terrence Mullen, and "Capital Commitments: 5 Winning Fundraising Strategies."