We are advising Cerberus on the transaction

Davis Polk is advising Cerberus Capital Management, L.P. on its strategic investment in S+S Industries. Following the transaction, S+S’s founders, the Andrews family, will retain a significant ownership stake in the business. The transaction is expected to close in the second quarter of 2026, subject to customary closing conditions.

Founded in 1992, Cerberus is a global alternative investment firm with approximately $70 billion in assets across complementary credit, real estate and private equity strategies. The firm invests across the capital structure where it believes its integrated investment platforms and proprietary operating capabilities can help improve performance and drive long term value. Cerberus’ tenured teams have experience working collaboratively across asset classes, sectors, and geographies as they seek to achieve strong risk adjusted returns for investors. S+S Industries provides turnkey plating and coating, assembly and warehousing services to a wide variety of industries. For more than 45 years, S+S Industries has brought exceptional quality and fast turnaround to each project, supported by longstanding customer relationships. Headquartered in Houston, Texas, S+S Industries is committed to dedicated service and consistent execution in today’s just in time manufacturing environment.

The Davis Polk corporate team includes partners William J. Chudd and Evan Rosen, counsel Albert Zhu and associates Miranda Kantor and Michael Allen Nakamura. Partner Nikolaus Caro, counsel Jason Palios and associate K. Oliver H. Schauman are providing sponsor finance advice. Partner William A. Curran and counsel Danielle Rapaccioli are providing tax advice. Partner Adam Kaminsky is providing executive compensation advice. Members of the Davis Polk team are based in the New York and Washington DC offices.

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