Promus Equity Partners Announces the Sale of Qualiseal Technology to EnPro Industries
Chicago, Illinois, May 31, 2017 – Promus Equity Partners LLC announced the sale of Qualiseal Technology, a division of its portfolio company, QCC LLC, to Technetics Group, a part of EnPro Industries.
Qualiseal, headquartered in Harwood Heights, Ill., is a highly respected supplier of custom-engineered circumferential and mechanical seals for demanding aerospace applications. Its seals are used on next-generation and legacy commercial and military programs.
“EnPro is a world-class company and we are excited about the opportunities for Qualiseal and its team to have access to its organization and capabilities,” QCC CEO Jon Goreham said.
“This transaction was a great opportunity to realize the value we built at Qualiseal for the benefit of our investors,” Promus Partner Sarah Wuellner said. “We plan to use the proceeds to invest in the growth of QCC’s precision machining and supply-chain solutions and to provide liquidity to our investors.”
The transaction closed on May 31, 2017. Lincoln International and DLA Piper acted as advisors to QCC.
For more information on this acquisition, please contact Sarah Wuellner or Mike Weaver.
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