Cordatus Capital takes majority stake in Diamabrush
Context
Cordatus Capital announced a majority investment in Diamabrush in October 2026, giving the Dallas private equity firm a majority stake in the Sterling Heights, Michigan-based abrasives manufacturer. Mike Sancimino, a co-founder and the company's CEO, retains his position and continues to lead Diamabrush alongside the existing management team, with Cordatus holding a majority stake rather than full ownership. Cordatus cited four growth levers: further product development, entry into additional markets, deeper sales into the existing customer base, and add-on acquisitions. The firm also highlighted Diamabrush's specialised production capacity, its nationwide technical support operation and its data-driven customer offerings as the features that distinguish it within floor maintenance. For Diamabrush, the partnership is a route to broader capabilities and new commercial opportunities while maintaining service levels for existing accounts. Founded in 2007, Diamabrush makes consumable abrasive tools and floor maintenance products for the preparation, restoration, polishing and upkeep of concrete, terrazzo and other hard surfaces. Its patented technology lets customers achieve floor performance using existing cleaning equipment, reducing the need for costly third-party contractors and traditional maintenance methods. The company sells to retail, industrial, commercial and institutional buyers across North America and selected international markets, and it runs a nationwide technical service team that delivers on-site training, continuing support and maintenance guidance. Foley & Lardner LLP served as legal advisor to Cordatus. Lincoln International served as financial advisor to Diamabrush, and Bass, Berry & Sims PLC served as legal advisor to Diamabrush.
Diamabrush, which reported an EBITDA margin of [members only] in 2026, is valued in this transaction at an EV/EBITDA multiple of [members only].
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Ent. Value
[members only]
Equity Value
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Multiples
EV / Revenue
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EV / EBITDA
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EV / EBIT
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Historical Financials (USD)
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REFERENCES
Revenue range: REV 20m USD - 200m USD
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Target: diamabrush
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