Generational Equity, an advisor to privately held and family-owned businesses for mergers, acquisitions, and strategic growth initiatives, announced the sale of its client Accu-Tech Plastics Inc., a Batesville, Miss.-based manufacturer and provider or plastics and plastic injection molding, to a private investor in West Point, Miss. The value of the transaction was not disclosed.
For more than 20 years, Accu-Tech has provided quality plastic-injected molded parts to clients and assisted in implementing production ideas throughout the manufacturing process. The company retained Generational Equity for valuation and advising services on the sale. “After 20 years in the area, it was very important for Accu-Tech to find a buyer who was interested in growing the business in Batesville,” said Don Sawyer, Generational Equity managing director on the deal. “Our team worked diligently to find the best buyer for the company.”
After marketing Accu-Tech to a large pool of potential buyers, Generational Equity obtained the offer from a private investor looking to use his experience in the plastics industry to expand a company. “Generational Equity helped us identify a buyer with a strong background in the plastics industry who could continue the company in Mississippi and benefit from the business we already established,” said Bill Byer, owner of Accu-Tech Plastics. “The sale also allows us to begin a new chapter in our lives.” The buyer used personal funding to finance the deal.
“Accu-Tech is a good place for me to use my experience in the industry to build a plastics company of my own,” said the private investor. “I view Accu-Tech as a solid investment with a lot of potential to build on my background and knowledge.” Accu-Tech, a privately held corporation, was founded more than 20 years ago to do more than meet customer needs for quality plastic injection molded parts. Accu-Tech offers assistance with part design, resin selection, project development and production. It is headquartered in Batesville, Miss.
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