M&A Deal Summary

Universal Polymer & Rubber Acquires Gasko Fabricated Products Co.

On June 25, 2018, Universal Polymer & Rubber acquired manufacturer Gasko Fabricated Products Co. from LCP Private Equity and Nancy Creek Capital Management

Acquisition Highlights
  • This is Universal Polymer & Rubber’s 1st transaction in the Manufacturing sector.
  • This is Universal Polymer & Rubber’s 1st transaction in the United States.
  • This is Universal Polymer & Rubber’s 1st transaction in Ohio.

M&A Deal Summary

Date 2018-06-25
Target Gasko Fabricated Products Co.
Sector Manufacturing
Buyer(s) Universal Polymer & Rubber
Sellers(s) LCP Private Equity
Nancy Creek Capital Management
Deal Type Add-on Acquisition

Target

Gasko Fabricated Products Co.

Middlefield, Ohio, United States
Gasko Fabricated Products Co. is a specialist in die-cutting nonmetallic materials with custom fabrication capabilities, Gasko offers a variety of products and processes that utilize a broad breadth of materials. Gasko Fabricated Products is based in Middlefield, Ohio.

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Buyer(S) 1

Buyer

Universal Polymer & Rubber

Middlefield, Ohio, United States

Category Company
Founded 1971
Sector Chemicals
DESCRIPTION

Universal Polymer & Rubber Ltd. is a manufacturer of rubber molded parts, rubber extruded parts, and plastic extruded parts. Universal Polymer & Rubber was founded in 1971 and is based in Middlefield, Ohio.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1

Seller(S) 2

SELLER

LCP Private Equity

Birmingham, Alabama, United States

Category Private Equity Firm
Founded 2003
Size Small
Type Sector Agnostic
DESCRIPTION

LCP Private Equity is a lower middle-market private equity firm focused on acquiring controlling interests in manufacturing, value-add distribution, and business service companies. LCP generally targets companies based in the Southeast US with revenues of $5 to $40 million. The Firm will consider underperforming/distressed situations, as well as profitable companies in need of capital for growth or liquidity needs. LCP Private Equity is based in Birmingham, Alabama.


DEAL STATS #
Overall 1 of 1
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Ohio M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-10 Rhopac

Libertyville, Illinois, United States

Rhopac is a fabricator and converter of flexible, non-metallic materials into tight tolerance parts and components that include diaphragms, seals, pressure-sensitive tapes, gaskets, and vibration control & sound dampening solutions. Rhopac was founded in 1932 and is based in Libertyville, Illinois.

Buy -
SELLER

Nancy Creek Capital Management

Atlanta, Georgia, United States

Investor Investor


Category Mezzanine Finance Firm
Founded 2005
PE ASSETS 138M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Nancy Creek Capital (NCP) is a provider of equity and mezzanine capital to small and medium-sized companies throughout the Southeast US. NCP focuses profitable businesses with experienced management teams. The Firm targets companies with $10 to $100 million in sales and at least $1 million in EBITDA. NCP looks to invest $1 to $5 million per transaction (up to $10 million with co-investors). Areas of interest include manufacturing, healthcare, distribution, services, and technology. In addition to funding businesses, NCP also provides financing for real estate opportunities, including commercial, industrial, office, single and multi-family residential projects. The Firm will not invest in startups or turnaround situations. Nancy Creek Capital is a unit of The Branch-Shelton Company LLC. The Firm was formed in 2005 and is based in Atlanta, Georgia.


DEAL STATS #
Overall 4 of 5
Sector: Manufacturing M&A 1 of 1
Type: Add-on Acquisition M&A Deals 3 of 4
State: Ohio M&A 1 of 1
Country: United States M&A 4 of 5
Year: 2018 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-01 S&S Industries

Yonkers, New York, United States

S&S Industries, Inc. is a manufacturer of brassiere underwire. The company operates manufacturing facilities in Central America and Asia to supply its customers’ global operations. S&S drives innovation in the industry by designing products that enhance the wearability, style, and durability of underwire bras. S&S Industries was founded in 1947 and is based in Yonkers, New York.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-27 Sunbelt Packaging

York, South Carolina, United States

Sunbelt Packaging is a provider of industrial packaging, strapping, and thread supplies and equipment. Sunbelt sells products to industrial and commercial end-users that manufacture, transport, or store products, in industries that include general manufacturing, food production, and mining. Sunbelt Packaging was founded in 1980 and is based in York, South Carolina.

Sell -