Baron Industries was divested to a strategic acquirer, Quaker-Houghton (KWR:NYSE), as part of a successful exit. Seneca Partners, acting as an independent sponsor, partnered with TAG Holdings – Investments and senior management during 2016 to acquire Baron. Based in Madison Heights, Michigan, Baron is a leader in porosity sealing services and solutions for manufacturers across a breadth of industries. During its ownership, Seneca and TAG helped drive profitable growth at Baron, including the opening of a second facility in the Southeast US.
- September 2016