Stout has advised Powder Cote II, Inc. (“PCII,” or the “Company”) on its sale to Mitre Peak Capital (“Mitre Peak”). Stout served as exclusive financial advisor to PCII in connection with the transaction, which closed in May 2026.

Founded in 1984 and headquartered in Mt. Clemens, Michigan, with a second campus in Clinton, Tennessee, PCII is a leading, full-service finishing solutions provider specializing in advanced powder coating and electrocoating finishes for automotive, agriculture, and industrial OEM component suppliers. The Company serves a blue-chip customer base across flagship vehicle platforms, including the Ford F-150, Ford Bronco, Jeep Wrangler, Chevrolet Silverado, Ram 1500, Tesla Semi, and Hummer EV.

Mitre Peak is a Dallas-Fort Worth-based private equity firm founded in 2018 that provides flexible capital to lower middle-market companies with defensible core businesses and significant value creation potential, focusing on manufacturing, distribution, commercial, industrial, and residential services investments. The Mitre Peak team has 30+ years of principal investing experience across 25+ lower middle-market transactions representing over $1 billion of total enterprise value.