Private equity firm WestView Capital Partners, Boston, MA, has acquired Radiac Abrasives, Inc., Salem, IL, the second largest manufacturer of bonded abrasive and super abrasive grinding wheels in the U.S.
Radiac and its predecessor companies have been manufacturing abrasives for over 115 years. Radiac provides a full line of custom grinding products to its customers across various industrial markets including aerospace, oil and gas, primary metals and automotive. The company now operates under a newly created acquisition corporation named WV Abrasive Holdings Corp.
WestView Capital Partners is a private equity firm focused exclusively on lower middle market companies. WestView targets companies with operating profits between $3 million and $15 million with investment sizes ranging from $5 million to $20 million.