Entries by BlueWater Partners

BlueWater Partners Announces the Divestiture of GLMS Cusseta

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 […]

BlueWater Partners Announces the Acquisition of Selected Assets of CNI Plastics LLC and Affiliates by Clarion Technologies

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 […]

BlueWater Partners Announces Strategic Investment in Kruger Plastic Products by HC Private Investments

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. […]

Expect Activity to Accelerate in 2018

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 […]

BlueWater Partners Announces the Sale of Dies Plus

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.

BlueWater Partners Announces the Acquisition of GTM Plastics by Clarion Technologies

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 […]

BlueWater Partners Announces the Sale of Knapp Energy

GRAND RAPIDS, Mich., September 27, 2017 – Knapp Energy, Inc. (“Knapp”), a leading distributor of fuel, lubricants and propane to commercial and residential customers, has been acquired by Crystal Flash, an employee-owned energy distribution company. The acquisition enabled Crystal Flash to expand its capabilities, footprint and talent. All employees of Knapp were retained. BlueWater Partners […]