Investment Summary

Ironwood Partners Exits Enflo

On September 6, 2022, Pexco invested in chemicals company Enflo from Ironwood Partners

Investment Highlights
  • This is Pexco’s 1st transaction in the Chemicals sector.
  • This is Pexco’s 15th transaction in the United States.
  • This is Pexco’s 1st transaction in Connecticut.

Investment Summary

Date 2022-09-06
Target Enflo
Sector Chemicals
Investor(s) Pexco
Sellers(s) Ironwood Partners
Deal Type Add-on Acquisition

Target

Enflo

Bristol, Connecticut, United States
Enflo is an expert manufacturer of PTFE molded cylinders and sheets, skived sheets, tape, and extruded rods and tubing – in a variety of standard and custom sizes. The company’s PTFE products are used in a variety of settings including semiconductors, aerospace & defense, bridge construction, life science, and marine as well as numerous valve, gasket, and pump applications. Enflo was founded in 1954 and is based in Bristol, Connecticut.

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Investor(S) 1

Investor

Pexco

Alpharetta, Georgia, United States

Category Company
Sector Manufacturing
DESCRIPTION

Pexco is a North American designer and fabricator of engineered plastic components. It provides standard and specialty parts and components to manufacturers and end-users for a broad range of custom applications, including the specialty industrial, fluid-handling, lighting, traffic safety, fence, and electrical insulation industries. Pexco offers a full range of custom design, engineering, and fabrication services, including ISO 9001:2015 registration, across its manufacturing operations. Pexco is based in Alpharetta, Georgia.


DEAL STATS #
Overall 16 of 20
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 16 of 20
State: Connecticut M&A 1 of 1
Country: United States M&A 15 of 19
Year: 2022 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Performance Elastomers

Ravenna, Ohio, United States

Performance Elastomers is a custom provider of rubber, silicone, and thermoplastic elastomer products, offering an extensive array of secondary processes as well as in-house tool and die capabilities. Performance Elastomers was established in 1992 and is based in Ravenna, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-15 Performance Plastics

Cincinnati, Ohio, United States

Performance Plastics is an Injection molder of precision-engineered thermoplastic components for mission-critical applications. Performance Plastics developed proprietary tool design software, processes, and equipment enabling us to injection mold components having complex geometries made out of challenging ultra and high-performance thermoplastic materials and highly loaded compounds. Performance Plastics was formed in 1982 and is based in Cincinnati, Ohio.

Buy -

Seller(S) 1

DESCRIPTION

Ironwood Partners is a private equity firm focused on manufacturing and distribution company investments in middle-market companies valued less then $100 million. Ironwood pursues companies that can benefit from an operational focus on 'lean business systems'. The Firm also has a preference for companies operating in fragmented industries, with diversified customer bases, and proprietary products/services. Ironwood Partners is based in New York City.


DEAL STATS #
Overall 8 of 8
Sector: Chemicals M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: Connecticut M&A 2 of 2
Country: United States M&A 7 of 7
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-02 Stevens Equipment Supply

Eagan, Minnesota, United States

Stevens Equipment Supply LLC is a distribution of HVAC, foodservice and lodging equipment, including Goodman, Amana, Manitowoc, Silver King, Panasonic, McCall, SerVend, Imperial, Kelvinator, LG, Honeywell, and many others. Stevens Equipment Supply was founded in 1954 and is based in Eagan, Minnesota.

Sell -