M&A Deal Summary

The Marmon Group Acquires Prism Plastics

On April 3, 2017, The Marmon Group acquired plastics company Prism Plastics from Altus Capital Partners and Centerfield Capital Partners

Acquisition Highlights
  • This is The Marmon Group’s 1st transaction in the Plastics sector.
  • This is The Marmon Group’s 5th transaction in the United States.
  • This is The Marmon Group’s 1st transaction in Michigan.

M&A Deal Summary
Date 2017-04-03
Target Prism Plastics
Sector Plastics
Buyer(s) The Marmon Group
Sellers(s) Altus Capital Partners
Centerfield Capital Partners
Deal Type Add-on Acquisition

Target

Prism Plastics

Chesterfield, Michigan, United States
Prism Plastics, Inc. is a manufacturer of high-precision injection molded plastic components for the automotive, industrial and medical markets.

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Buyer(S) 1

Buyer

The Marmon Group

Chicago, Illinois, United States
Category Company
Founded 1953
Sector Manufacturing
DESCRIPTION

The Marmon Group is a diversified manufacturing company that produces electrical components, industrial components and transportation equipment. The Company also provides services including construction and retail services. The Marmon Group was formed in 1953 and is based in Chicago.

DEAL STATS #
Overall 6 of 9
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 4 of 6
State (Michigan) 1 of 1
Country (United States) 5 of 8
Year (2017) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-19 Rostra Powertrain Controls

Laurinburg, North Carolina, United States

Rostra Powertrain Controls is a manufacturer and distributor of OE (Original Equipment) and aftermarket automotive products. Product categories include solenoids, sensors, switches, wire harnesses, modulators, and vacuum-actuated assemblies. Rostra Powertrain Controls is based in Laurinburg, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-17 3Wire Group

Osseo, Minnesota, United States

3Wire Group, Inc. is a distributor of a food service equipment parts to major chains and food equipment service companies. 3Wire Group was founded in 2001 and is based in Osseo, Minnesota.

Sell -

Seller(S) 2

SELLER

Altus Capital Partners

Wilton, Connecticut, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 280M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Altus Capital Partners is a private equity firm focused on acquiring and investing in medium sized North American-based manufacturing companies. Altus looks for businesses with EBITDA of at least $4 million and valued between $25 and $100 million. Typical transaction types include buyouts, recapitalizations, and divestitures. Alta Capital Partners was formed in 2003 and is based in Wilton, Connecticut.

DEAL STATS #
Overall 10 of 14
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 5 of 7
State (Michigan) 3 of 3
Country (United States) 10 of 14
Year (2017) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-07 MAX Environmental

Pittsburgh, Pennsylvania, United States

MAX Environmental is an operator of environmental treatment and disposal company that provides hazardous and non-hazardous waste transportation, processing, and disposal for the manufacturing, energy, and infrastructure markets. MAX Environmental was founded in 1957 and is based in Pittsburgh, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-10 Gulf Coast Machine & Supply

Beaumont, Texas, United States

Gulf Coast Machine & Supply Co. is a manufacturer of large forgings for use in the oil and gas, petrochemical, wind energy, and general industrial markets. Gulf Coast Machine & Supply was founded in 1919 and is based in Beaumont, Texas.

Sell -
SELLER

Centerfield Capital Partners

Indianapolis, Indiana, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Centerfield Capital Partners is a private investment firm that provides subordinated debt and equity capital to mid-market companies. Prospective transactions include acquisition financings, management buyouts, shareholder liquidity needs, recapitalizations, corporate divestitures, ESOP financings, and sponsored/unsponsored transactions. Centerfield generally invests in companies with sales of $15 to $100 million and EBITDA of $3 to $15 million. Target sectors include manufacturing, business services, healthcare services, and transportation/distribution. Centerfield will not invest in early stage businesses, turnaround situations, retail, real estate, and finance companies. Centerfield Capital Partners was founded in 2001 and is based in Indianapolis, Indiana.

DEAL STATS #
Overall 25 of 42
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 15 of 21
State (Michigan) 2 of 4
Country (United States) 25 of 42
Year (2017) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-01 Indo-European Foods

Commerce, California, United States

Indo-European Foods is an importer and national wholesale distributor of high quality specialty food products. Indo-European Foods was founded in 1966 and is based in Commerce, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-04 Matilda Jane Clothing

Fort Wayne, Indiana, United States

Matilda Jane Clothing is a designer and provider of specialty apparel and accessories for girls, babies, tweens and women. The Company distributes its products through a network of Trunk Keepers that sell through in-home events in all 50 states. Matilda Jane has a differentiated brand that is whimsical and playful, embodying the spirit and imagination of childhood through its unique designs and silhouettes. Matilda Jane Clothing was founded in 2002 and is based in Fort Wayne, Indiana.

Sell -
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