Catchment Capital Completes Acquisition of Isolatek International from SK Capital Partners

NEW YORK--(BUSINESS WIRE)--Catchment Capital (“Catchment”), a private equity firm focused on transforming middle market industrials businesses, announced today that it has completed its previously announced acquisition of Isolatek International (“Isolatek”), a leading manufacturer and supplier of passive fireproofing technologies, from SK Capital, a private investment firm focused on the material sciences, specialty ingredients, and life sciences sectors.

“We are excited to officially welcome Isolatek to the Catchment portfolio,” said Alex Rose, Managing Partner of Catchment Capital. “Isolatek is exactly the type of business we seek to invest in: an industry leader with a proven management team, proprietary technologies, and strong tailwinds. We look forward to partnering with Mike Harvey and the entire Isolatek team to shape a strong, sustainable growth trajectory, and further enhance the delivery of best-in-class service and innovative solutions to Isolatek’s growing customer base.”

“The closing of this transaction is an important milestone for Isolatek, and we are thrilled to be entering our next phase of growth in partnership with the Catchment team,” said Isolatek CEO Mike Harvey. “Catchment brings resources and strategic support to further invest in our capabilities and accelerate what we have already set in motion. I would like to thank all Isolatek employees for their continued hard work, and SK Capital for a highly successful partnership these past few years.”

RBC Capital Markets served as financial advisor and Gibson, Dunn, & Crutcher LLP as legal counsel to Catchment. J.P. Morgan and Lord Abbett Private Credit Advisor LLC provided committed debt financing in support of the transaction.

Evercore served as financial advisor and Goodwin Procter LLP as legal counsel to SK Capital and Isolatek.

About Isolatek International

Founded in 1875 and headquartered in Stanhope, New Jersey, Isolatek is recognized as a leader in the production and distribution of proprietary, best-in-class passive fireproofing materials for commercial, institutional, data center and advanced manufacturing applications. Isolatek’s branded portfolio of fireproofing and acoustical and insulation products are known for their exceptional thermal performance, superior durability, and ease of application. The Company’s portfolio consists of products certified by the relevant regulatory standards (i.e. UL, EN, BS) which are comprised of both intumescent and cementitious offerings, as well as complementary substrates to meet customer needs and preferences for structural projects. In addition to its technologies, Isolatek offers superior on-site support and technical service through the most experienced team in the industry to ensure installations meet the required specifications. For more information, please visit isolatek.com.

About Catchment Capital

Founded in 2024, Catchment Capital is a New York-based private equity firm focused on transforming middle market industrial technology, services and products companies. Catchment specializes in utilizing its proprietary Catchment Strategic Transformation (“CaST®”) process to guide industrial companies through investing in capabilities which catalyze growth and unlock inherent value. For more information, please visit catchmentcapital.com.

About SK Capital Partners

SK Capital is a transformational private investment firm with a disciplined focus on the material sciences, specialty ingredients, and life sciences sectors. The firm seeks to build resilient, sustainable, and growing businesses that create substantial long-term value. SK Capital aims to utilize its industry, operating, and investment experience to identify opportunities to transform businesses into higher performing organizations with improved strategic positioning, growth, and profitability, as well as lower operating risk. SK Capital has raised funds with over $9 billion in capital commitments since its inception. For more information, please visit skcapitalpartners.com.