M&A Deal Summary

National Manufacturing Group Acquires Sunrise Fiberglass

On August 6, 2020, National Manufacturing Group acquired plastics company Sunrise Fiberglass from North Central Equity

Acquisition Highlights
  • This is National Manufacturing Group’s 1st transaction in the Plastics sector.
  • This is National Manufacturing Group’s 1st transaction in the United States.
  • This is National Manufacturing Group’s 1st transaction in Minnesota.

M&A Deal Summary

Date 2020-08-06
Target Sunrise Fiberglass
Sector Plastics
Buyer(s) National Manufacturing Group
Sellers(s) North Central Equity
Deal Type Add-on Acquisition

Target

Sunrise Fiberglass

Wyoming, Minnesota, United States
Sunrise Fiberglass is a producer of custom fabricated fiberglass components and related assemblies. Sunrise Fiberglass was founded in 1968 and is based in Wyoming, Minnesota.

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Buyer(S) 1

Buyer

National Manufacturing Group

Troy, Michigan, United States

Category Company
Founded 1954
Sector Plastics
DESCRIPTION

National Manufacturing Group is a multi-plant OEM supplier of custom molded FRP, Thermoformed plastic, and full metal cab fabrications and assembly. National Manufacturing Group was founded in 1954 and is based in Troy, Michigan.


DEAL STATS #
Overall 1 of 1
Sector: Plastics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Minnesota M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2020 M&A 1 of 1

Seller(S) 1

SELLER

North Central Equity

Eden Prairie, Minnesota, United States

Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

North Central Equity (NCE) is a private holding company focused on acquisitions of small privately held businesses or divisions of public companies. NCE invests in the range of $2 to $6 million per transaction across North America, with a preference for Minnesota-based companies. Target businesses generally have positive cash-flows, recurring revenues, and operate in the business services, manufacturing, and distribution sectors. NCE will not consider opportunities in technology (complex), real estate, restaurants, or retail. North Central Equity was formed in 2004 and is based in Minneapolis.


DEAL STATS #
Overall 2 of 3
Sector: Plastics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Minnesota M&A 1 of 2
Country: United States M&A 2 of 3
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-17 Sunrise Fiberglass

Wyoming, Minnesota, United States

Sunrise Fiberglass is a producer of custom fabricated fiberglass components and related assemblies. Sunrise Fiberglass was founded in 1968 and is based in Wyoming, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-07 Corporate Technologies

Minneapolis, Minnesota, United States

Corporate Technologies is a provider of managed IT solutions for businesses and institutions in Minnesota, North Dakota, Idaho, Southern California, West Michigan, and New Jersey. Corporate Technologies was founded in 1981 and is based in Minneapolis, Minnesota.

Sell -