M&A Deal Summary

Empowered Ventures Acquires Paramount Plastics

On December 13, 2021, Empowered Ventures acquired plastics company Paramount Plastics

Acquisition Highlights
  • This is Empowered Ventures’ 1st transaction in the Plastics sector.
  • This is Empowered Ventures’ 2nd transaction in the United States.
  • This is Empowered Ventures’ 1st transaction in Indiana.

M&A Deal Summary
Date 2021-12-13
Target Paramount Plastics
Sector Plastics
Buyer(s) Empowered Ventures
Deal Type Add-on Acquisition

Target

Paramount Plastics

Elkhart, Indiana, United States
Paramount Plastics is a custom plastics thermoforming company that serves the recreational vehicle, marine, and specialty vehicle industries. Paramount Plastics was founded in 1982 and is based in Elkhart, Indiana.

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Buyer(S) 1

Buyer

Empowered Ventures

Carmel, Indiana, United States
Category Company
Founded 2020
Sector Business Services
DESCRIPTION

Founded in 2020 by leading fabric supplier TVF, which transitioned to an Employee Stock Ownership Plan (ESOP) in 2010, Empowered Ventures is an employee-owned holding company based in Carmel, IN. Empowered Ventures helps successful small businesses plan for succession, providing a long-term home for companies and employees. Empowered Ventures is not a fund and has no outside investors. The company uses its own capital to fund acquisitions and has a do-no-harm approach to supporting operating management.

DEAL STATS #
Overall 2 of 3
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 2 of 3
State (Indiana) 1 of 1
Country (United States) 2 of 3
Year (2021) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-12 Firstar Precision

Brunswick, Ohio, United States

Firstar Precision is a full-service precision machining company that manufactures tight tolerance components for the medical, aerospace, food processing, industrial assembly, and hydraulics industries. Firstar Precision was formed in 2010 and is based in Brunswick, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-02 Benoure Plumbing Heating & Air Conditioning

Burlington, Vermont, United States

Benoure Plumbing, Heating & Air Conditioning is a mechanical contractor with areas of expertise in commercial and residential construction, design-build, and energy-efficient systems. Benoure Plumbing, Heating & Air Conditioning was founded in 1966 and is based in Burlington, Vermont.

Buy -
Mergr

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