On Friday, March 27, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. The CARES Act has created several new Federal Small Business Administration (SBA) loan programs or amendments to existing programs, including Economic Injury Disaster Loans (EIDLs), to assist businesses that have been impacted by COVID-19. . What is a […]
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The U.S. Small Business Administration (SBA) has designated COVID-19 as a qualifying event for the provision of Economic Injury Disaster Loans (EIDL). Small business owners in all U.S. states and territories are currently eligible to apply for a low-interest loan due to COVID-19. An EIDL might be the best option to bridge your working capital requirements […]
While the health and safety of employees is the number one priority, companies will also grapple with other urgencies. In BlueWater Partners’ experience, crises come with both short- and long-term implications. Companies differentiate themselves by how well – and how quickly – they react. Successfully navigating crisis will assure stakeholders that a company can be […]
Great Lakes Metal Stamping, Inc. (“GLMS”) has completed the divestiture of its Cusseta, Alabama business to Challenge Manufacturing Company (“Challenge”), an employee-owned metal manufacturing company. The transaction will enable GLMS to focus on its core business and Challenge to expand its footprint into the southeast United States. The divestiture includes approximately 65 employees, a 90,000 […]
Clarion Technologies, Inc. (“Clarion”), a Michigan-based custom injection molder, has purchased selected assets of CNI Plastics LLC and Affiliates that are used in connection with its injection molding business. The transaction provides Clarion with new customers and products which will be produced at each of its three manufacturing plants. BlueWater Partners acted as the exclusive […]
Kruger Plastic Products (“Kruger”), a family-owned, custom injection molding manufacturer of niche products and components, has been acquired by HC Private Investments (“HCPI”), a Chicago-based private investment firm. Kruger’s senior management, including Pat Brandstatter, President, and Dirk Kruger, VP of Engineering, will maintain significant stakes in the company. Terms of the transaction were not disclosed. […]
SUMMARY & OUTLOOK Expect Activity to Accelerate in 2018 Heading into 2018, the state of the mergers and acquisitions market looks strong. U.S. target middle market announced deal volume climbed 19.6% to 9,630 YTD 3Q17. Value grew 15.4% to $183.0 billion during the same period. And, purchase price multiples hit 7.5x EBITDA in 3Q17, raising […]
Dies Plus, Inc., a leading manufacturer of precision metalforming dies and tooling, has been acquired by OTTO Engineering, Inc. (“OTTO”), a manufacturer of control switches and audio accessories. The acquisition complements OTTO’s internal stamping capabilities, and OTTO plans to make additional investments in people and technology at Dies Plus in order to grow the business. All employees of Dies Plus were retained. BlueWater Partners acted as the exclusive financial advisor to Dies Plus for this transaction.
“In terms of confidence and growth and leading economic indicators, and the amount of capital, it’s all very supportive of transaction activity.”
GRAND RAPIDS, Mich., October 16, 2017 – Clarion Technologies, Inc. (“Clarion”), a Michigan-based custom injection molder, has acquired the assets, business, and operations of GTM Plastics, Inc. (“GTM”), a Texas-based custom injection molder. The transaction brings Clarion closer to some of its customers and into new market segments. BlueWater Partners acted as the exclusive financial […]