M&A Deal Summary

Summit Equity Group Acquires Lomont Molding

On August 29, 2014, private equity firm Summit Equity Group acquired plastics company Lomont Molding

Acquisition Highlights
  • This is Summit Equity Group’s 1st transaction in the Plastics sector.
  • This is Summit Equity Group’s 2nd transaction in the United States.
  • This is Summit Equity Group’s 1st transaction in Iowa.

M&A Deal Summary
Date 2014-08-29
Target Lomont Molding
Sector Plastics
Buyer(s) Summit Equity Group
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Nolan & Associates (Financial)

Target

Lomont Molding

Mount Pleasant, Iowa, United States
Lomont Molding is a complete source for custom injection, structural foam, and blow molding along with extrusion molding. Lomont also manufactures and sells its own line of proprietary concrete accessories under the Paragon brand name. Lomont Molding is based in Mount Pleasant, Iowa.

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Buyer(S) 1

Buyer

Summit Equity Group

Des Moines, Iowa, United States

Investor Investor Investor Investor

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

Summit Equity Group is a private investment group focused on acquiring small to medium-sized private companies with the potential to grow through new ownership. Summit looks for profitable businesses $4 to $12 million of EBITDA and generating $20 to $75 million in revenue. Summit is a generalist investor, but has a preference for companies in basic industries such as manufacturing, value-added distribution, or business services. Summit Equity was formed in 2004 and is based in Des Moines, Iowa.

DEAL STATS #
Overall 2 of 4
Sector (Plastics) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 2 of 2
State (Iowa) 1 of 1
Country (United States) 2 of 4
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-05-01 Tooling Dynamics

York, Pennsylvania, United States

Tooling Dynamics is a provider of high precision metal stamping as well as design and fabrication of stamping dies for the electronic, medical, automotive, aerospace, military, and solar power industries. Tooling Dynamics was founded in 1982 and is based in York, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-23 Tooling Dynamics

York, Pennsylvania, United States

Tooling Dynamics is a provider of high precision metal stamping as well as design and fabrication of stamping dies for the electronic, medical, automotive, aerospace, military, and solar power industries. Tooling Dynamics was founded in 1982 and is based in York, Pennsylvania.

Sell -
Mergr

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