BDA advises NeoGraf on sale to Edgewater

BDA Partners is pleased to announce that its client, NeoGraf Solutions, a portfolio company of Aterian Investment Partners, has been sold to Edgewater Capital Partners.

BDA Partners acted as exclusive financial advisor to NeoGraf and its shareholders on the transaction.

NeoGraf is a world leader in graphite materials science. It has been manufacturing carbon and graphite products for 135 years in Lakewood, Ohio. NeoGraf is a technology leader focused on application development and providing solutions for customers in the electric vehicle, graphene & nanomaterials, alternative energy, electronic thermal management, industrial seals and gaskets in flow control, petrochemical, & nuclear applications, building & construction, and flame retardancy sectors. NeoGraf provides these innovative and environmentally sustainable thermal solutions to a broad array of customers worldwide.

Drew Walker, President and CEO, NeoGraf, said: “With Edgewater’s deep understanding of advanced materials, NeoGraf knew immediately we had found the right partner to drive the business forward across our exciting end markets. NeoGraf’s focus on global mega trends for faster communication, sustainable energy, increased automation, environmentalism, and a post COVID-19 world provided a true synergy with Edgewater’s vision for the NeoGraf business.”

Bob Girton, Partner, Edgewater Capital Partners, said: “We are delighted to partner with NeoGraf and the opportunity to support this team and the organization in achieving its next stage of success. As we are both located in Ohio, we’re especially proud to be a part of NeoGraf’s historic place in our community. With an origin story dating back to the 1880s, the business has reinvented itself by providing industry-leading graphite solutions to customers in cutting edge applications. Today, this organization is enabling industry leaders in demanding applications such as electronics, electric vehicles, renewable and alternative energy, insulative and flame-retardant materials, and graphene & nanomaterials. We welcome the NeoGraf team to the Edgewater family of companies.”

Euan Rellie, Managing Partner, BDA, said: “We’re pleased to have delivered a strong outcome for NeoGraf and its shareholders. Drew and the NeoGraf team, under Aterian’s ownership, have built an excellent business. We believe Edgewater Capital will be an excellent partner for the business going forward. BDA has built a strong record in innovative and sustainable specialty materials.”

Alex Ditchfield, Managing Director, BDA, said: “We’re glad to have found the ideal partner to help NeoGraf continue to develop environmentally friendly solutions to address many of the 21st century’s most challenging problems. The transaction builds on BDA’s longstanding expertise in advanced materials and demonstrates BDA’s ability to run seamless global processes for clients.”