By Generational EquityDec 21, 2018, 16:45 et
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client's assets, Pacific Plastics Injection Molding (PPIM), to Diversified Plastics Inc. (DPI). The deal closed December 10, 2018.
Pacific Plastics Injection Molding, based in Vista, California, provides a single source for injection-molded plastic parts, product design and design support, in-house and offshore tooling, and value-added assembly and packaging services. The company serves the industrial, electronics, telecommunications, medical and filtration markets, and PPIM boasts an 18,000-square-foot facility in Southern California with 30 employees.
"DPI has a similar culture," said PPIM General Manager Rob Gilman. "Our operation will continue with its full staff as PPIM, and Jae English, PPIM's founder, will be working with DPI's management and our team for a smooth transition. The PPIM employees are excited about the opportunity to eventually participate in the employee stock ownership plan."
Diversified Plastics, located in Minneapolis, Minnesota, is a full-service plastic injection parts manufacturer that provides prototyping, manufacturing and assembly. It is uniquely equipped to offer these capabilities and value-added services for virtually any size part, and the company provides plastic molding expertise for short to large runs. Set up as an employee stock ownership plan (ESOP), the company prides itself on its employees' dedication to company success.
Pacific Plastics Injection Molding is Diversified Plastics' first acquisition. The PPIM deal is part of DPI's strategic growth initiative.
"The acquisition of PPIM provides synergy with DPI's services and customers as well as geographic benefits and diversification into new industry segments," said Diversified Plastics CEO Kevin Hogan. "We are very excited about the unique capabilities, overseas tooling supplier relationship and location advantages that PPIM will add to our organization. Additionally, the company will benefit from DPI's experienced sales team and advanced technologies and manufacturing processes, such as Carbon 3D-additive manufacturing."
Generational Equity Senior Managing Director Stephen Crisham's team, led by M&A Advisor Cole Preston and assisted by Managing Director Lori Galloway, successfully closed the deal. Senior Managing Director David Robinson established the initial relationship with PPIM.
"With the acquisition of PPIM and its common culture and core values, DPI is very well positioned for future growth and expansion," said Preston. "We are thoroughly pleased with the outcome of this transaction and pay special thanks to DPI Chairman James Dow, CEO Kevin Hogan, and CFO Roger Vang for their perseverance and creativity to find the finish line and ensure their combined long-term success."
About Generational Equity
Generational Equity, Generational Capital Markets (member FINRA/SIPC), DealForce and Generational Wealth Advisors are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America.
With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing merger, acquisition and strategic growth advisory services. Their four-step approach features exit planning education, business valuation, value enhancement strategies, and M&A transactional services.
I wanted to write you a quick letter to express our appreciation and our delight on the outcome of helping us through the process of our recent sale. We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.Terry D. Wickman, President, Keytroller
Michael worked tirelessly, He followed every lead meticulously and urgently to make sure nothing was missed.Robert Evans, President and CEO of Mealtracker Dietary Software
Generational Equity educated and informed us – so that we could be on the upside of a good decision (to sell).Bil MacLeslie, CEO, ipHouse
Thanks again Phil and feel free to have a future client call me if they would like a referral. You are a true professional!Andy Graham, Vice President, Modern Heating & Plumbing
T.D., thank you so much! You are a great leader! I love how you are using your gifts and talents to better others. You are clearly a GREAT COACH! This 3 day session undoubtedly changed the future of our business, and very well may have been the sole catalyst to save my company, my health and my marriage! A genuine “thank you” from the bottom of my heart.Bryan D. Horn, Owner, Over Under Clothing
We thank you Eric and Generational Equity making our dream come true.Larry Moore, Owner, A Company Portable Restrooms
I would like to thank you and your firm, Generational Equity, for being our valued advisors in our journey.Bil MacLeslie, CEO, ipHouse
We are extremely pleased with the way Generational Equity handled the sale of our company. Your associates, Tom and Chris, did an outstanding job of getting us (me) through the process.Michael J Polarek, President, Paragon Packaging
I need to say an immense thank you to Don Ho for his stellar work ethic, attention to detail, and tireless effort. Also thank you to the whole crew at GE! Without you, Don could not do such a phenomenal job. We were shooting for closing and funding before the end of 2020, due to the uncertainty of the political landscape and taxes. I am happy to report we closed last week and will be funding tomorrow.Dr. Caty J. Catron PhD, RN, VA-BC – Owner, Vic The Picc, LLC
Thank you again for all your guidance and support. Any company will achieve what they intend, if they have you on their team!Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
I must say that I have never worked with a more driven, competent and focused individual as Don Ho.Jay Dinnison, Owner of Sharpe Mixers
I couldn’t have asked for a better team than Michael and Deborah. We couldn’t have done it without them.Robert Evans, President and CEO of Mealtracker Dietary Software
Greetings Mike. Thank you for the captivating and compelling presentation you made at the Phoenix presentation last week. Over many years in business yours was the most informative and well-presented presentation, on any subject, that I have ever attended! Your energy and enthusiasm combined with your concise and captivating support of your positions with easily understood examples and data was compelling.Pete L.
We are very happy with the end result, and are very happy to be able to move forward with all of our future growth plans.Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
Your wisdom and experience were invaluable to me during this once-in-a-lifetime transaction.Ralph Noblin, President of Noblin & Associates
The process was much more involved than I expected and your help, experience and advice was a big factor in making the negotiations go as smoothly as possible.Terry D. Wickman, President, Keytroller
I am pleased that I was able to work with Andrew Byrd throughout this experience. From the first meeting we had in Minneapolis I felt that I was in good hands. His knowledge and expertise is second to none. He guided the process consistently throughout. I feel lucky that I was pared with Andrew and could not be happier that I chose Generational Equity to handle this major life event. Thank you Andrew and GenEq for everything!Eric Erlandson, Owner, Action Fastenings, Inc.
Tom Staszak is one of the most professional people I have dealt with in my last forty years of business. You’ve got a great group of people and you have built a truly professional organization.Michael J Polarek, President, Paragon Packaging
We will highly recommend Generational Equity and Musa Jagne to any business owner about to embark on the same process.Karen S. Williams, CFO, BW Manufacturing
We were happy to see the interest in our company and what we cherished has not just a valuable company but an important company to the communities we served in.Larry Moore, Owner, A Company Portable Restrooms
We knew it would be a difficult task to have someone really understand our business and our market, prior to researching a possible buyer, so it was imperative that we found someone of your caliber, with definite proven experience in this area.Rick Nowak, President/CEO, Kurz Electric Solutions, Inc.
Dear Chris and Andre, I just wanted to say thanks for all your help. Even though this process was not an easy one, it was comforting to know that I had a capable team standing beside me. You made me feel like we were almost your only client or at least the most important one. Thanks again, and I will recommend your service in the future.Shenille Engelhart, Owner – CLS Technology
Bruce and I wanted to take this opportunity to thank Generational Equity for assigning Musa Jagne to our transaction. In Bruce’s words, “Musa did one hell of a job for us!”Karen S. Williams, CFO, BW Manufacturing
I quickly recognized that Don was working for Sharpe Mixers above all else, and held our interests above others.Jay Dinnison, Owner of Sharpe Mixers
The help you provided us during each step of this process made us feel very comfortable and confident we were selecting the right approach to transition our Company.Andy Graham, Vice President, Modern Heating & Plumbing
Generational Equity’s assistance was invaluable in compiling and marketing our business.Bil MacLeslie, CEO, ipHouse
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