M&A Deal Summary

Stratford-Cambridge Group Acquires AIC Equipment & Controls and Plasti- Equipment

On June 11, 2019, private equity firm Stratford-Cambridge Group acquired manufacturer AIC Equipment & Controls and Plasti- Equipment

Acquisition Highlights
  • This is Stratford-Cambridge Group’s 3rd transaction in the Manufacturing sector.
  • This is Stratford-Cambridge Group’s 4th transaction in the United States.
  • This is Stratford-Cambridge Group’s 2nd transaction in Michigan.

M&A Deal Summary

Date 2019-06-11
Target AIC Equipment & Controls and Plasti- Equipment
Sector Manufacturing
Buyer(s) Stratford-Cambridge Group
Deal Type Buyout (LBO, MBO, MBI)

Target

AIC Equipment & Controls and Plasti- Equipment

Wixom, Michigan, United States
AIC Equipment manufactures and distributes aftermarket injection molding machine components such as barrels, feed screws & nozzles. Additionally, it sells injection molding machines and auxiliary equipment as a manufacturers’ representative through its AIC Equipment & Controls and Plasti-Co. brand. AIC is based in Wixom, Michigan.

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Buyer(S) 1

DESCRIPTION

Stratford-Cambridge Group is a private equity firm focused on acquisitions of lower-middle market companies operating in basic industries. The Firm targets profitable businesses in the Midwest US with $1 to $5 million of EBITDa. Industries of interest include niche manufacturing, engineered products/services, and valued-added distribution in the industrial sector. Prospective transaction situations include buyouts of closely held companies, corporate divestitures, and recapitalizations. Stratford-Cambridge Group was established in 2009 and is headquartered in Plymouth, Michigan.


DEAL STATS #
Overall 4 of 5
Sector (Manufacturing) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Michigan) 2 of 2
Country (United States) 4 of 5
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-07 Hy-Brid Lifts

Richfield, Wisconsin, United States

Hy-Brid Lifts is a designer and manufacturer of scissor lifts and low-level access aerial work platforms primarily marketed world-wide under the Hy-Brid Lifts TM brand. The Company’s products are differentiated through design, compact footprint, lightweight, superior maneuverability, and exhaust-free battery power. Hy-Brid Lifts was founded in 1981 and is based in Richfield, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-16 Jet Edge Waterjet Systems

St. Michael, Minnesota, United States

Jet Edge is a manufacturer of waterjets for precision and mobile waterjet cutting, ultra-high pressure water blasting, cleaning, and surface preparation. Jet Edge makes waterjet cutting machines, waterjet pumps, and water jet parts. Jet Edge was formed in 1984 and is based in St. Michael, Minnesota.

Buy -