STANHOPE, N.J., June 10 — Affiliates of funds advised by SK Capital Partners, LP (“SK Capital”), a private investment firm focused on the material sciences, specialty ingredients and life sciences sectors, announced today they have completed the sale of Isolatek International (“Isolatek” or the “Company”), a leading manufacturer and supplier of passive fireproofing technologies, to Catchment Capital (“Catchment”), a New York-based private equity firm.
Isolatek is a market leader in the development, production, and distribution of proprietary passive fireproofing materials for data center, advanced manufacturing, institutional, and commercial applications. Founded in 1875, the Company has built a strong reputation for technical performance, regulatory compliance, and customer service. During SK Capital’s ownership, Isolatek executed a focused value creation strategy that expanded its product portfolio through organic investment and strategic acquisitions, strengthened its position in high-growth end markets, and reinforced its industry-leading technical capabilities.
“It has been a privilege to partner with Mike Harvey and the Isolatek team over nearly three years of significant transformation and growth,” said Jon Borell, Managing Director at SK Capital. “Together, we deepened the Company’s technical leadership, expanded into new markets, and built a more resilient and competitive business. SK Capital congratulates the Isolatek and Catchment teams on this milestone transaction.”
“This transaction marks an exciting new chapter for Isolatek,” said Mike Harvey, CEO of Isolatek. “Our partnership with SK Capital enabled us to expand our capabilities and deliver exceptional value to customers. I am proud of what our team has accomplished and look forward to building on that momentum with Catchment.”
“Through several strategic initiatives, including the acquisition of certain assets of Albi Protective Coatings and the launch of FireSolve® SB, we strengthened Isolatek’s product portfolio and accelerated the Company’s growth trajectory,” said Booey Ghani, Principal at SK Capital. “We are proud of what Mike and the entire Isolatek organization accomplished together with our team and wish them continued success as they begin this next chapter with Catchment.”
Evercore served as financial advisor and Goodwin Procter LLP as legal counsel to SK Capital and Isolatek.