Catalyst, which was formed in 2020, is the parent company of a group of acoustic, seismic, vibration and noise control companies including Fräsch, IAC Acoustics, Kinetics Noise Control, Lamvin, Madrid, Noise Barriers, RealAcoustix, Sound Seal and independent testing laboratory Riverbank Acoustical Laboratories.
Speaking about the sale, Grant Jones, Managing Director of Stephens Group, called it a “natural evolution,” adding that, “[we] always believed that bringing the Catalyst family of companies together provided an outstanding and unique foundation for further expansion. We are grateful to Joe Lupone, Chief Executive Officer of Catalyst Acoustics Group, and the entire team for their partnership during the last five years. Together, we built a market leader, and Stephens Group is proud of the growth the company experienced under our watch. We are excited to pass the baton to KPS for the next chapter of success.”
The deal is expected to close in the fourth quarter of 2024.