Trout Capital Advisors Completes Major Sale for Universal Plastics
Trout Capital Advisors Facilitates Key Acquisition in Medical Sector
Trout Capital Advisors, LLC, a prominent investment banking firm specializing in lower-middle market transactions, is excited to announce its role as the exclusive financial advisor to Universal Plastics & Engineering Company, Inc. in their recent sale to UFP Technologies, Inc. This acquisition is a notable milestone within the medical device industry, showcasing the expertise and diligence of Trout Capital Advisors.
Insights into Universal Plastics & Engineering Company
Universal Plastics, recognized in the industry for its high-quality solutions, mainly focuses on developing precision thermoformed and heat-sealed polymer components. These components are essential in various applications, particularly in shielding batteries for Class III implantable medical devices. The company has cultivated strong relationships with its clientele, making it a strategic partner for UFP Technologies.
Statements from Key Leaders
Andrew Rice, Managing Partner at Trout Capital Advisors, expressed satisfaction in representing Universal Plastics during this significant financial move. He stated, "We were honored to represent Universal Plastics in this transaction. This deal represents a strong strategic outcome for the company, and we're proud to have helped facilitate its next chapter as part of UFP Technologies."
Legacy and Future Opportunities
Brandt Berghers, President of Universal Plastics, shared the emotional weight behind the company's legacy, stating that the business has been in his family since 1957. He noted, "The team at Trout Capital Advisors understood the importance of legacy, respect for our customers, and future opportunities for my employees. This outcome is beyond anything I could have imagined, and I am delighted to see Universal Plastics join the UFP family." This sentiment reflects the commitment Trout Capital Advisors has to understanding the unique circumstances and aspirations of the companies they represent.
A Strategic Fit in the Market
This acquisition not only highlights the strengths of Universal Plastics but also demonstrates UFP Technologies' commitment to expanding its portfolio within the medical sector. By incorporating Universal Plastics, UFP Technologies enhances its capabilities in producing innovative, custom-engineered solutions that cater to the medical community's evolving needs.
Trout Capital Advisors’ Expertise
The transaction underscores Trout Capital Advisors' continued momentum and expertise in advising privately held businesses, particularly in engineering and advanced manufacturing sectors. Their experience and effective strategies ensure that businesses not only achieve successful outcomes but are also aligned with exemplary partners in the industry.
Collaborative Legal Support
In support of this transaction, legal counsel for Universal Plastics was provided by Stephen Gierasch of McNees Wallace & Nurick. This collaboration highlights the intricacies involved in facilitating a deal of this magnitude and the comprehensive support team assembled to nurture a smooth transition.
About Trout Capital Advisors
Founded with a clear mission, Trout Capital Advisors, LLC specializes in serving lower-middle market businesses. They focus primarily on founder- and family-owned companies, offering tailored advisory solutions. The firm's commitment to their clients is evident in their client-centered approach and deep transactional expertise, which help business owners navigate crucial phases in their journey.
Frequently Asked Questions
What is the role of Trout Capital Advisors in this transaction?
Trout Capital Advisors acted as the exclusive financial advisor for Universal Plastics during its sale to UFP Technologies.
What products does Universal Plastics specialize in?
Universal Plastics develops precision thermoformed and heat-sealed polymer components, primarily for Class III implantable medical devices.
Who expressed satisfaction with the sale from Universal Plastics?
Brandt Berghers, the President of Universal Plastics, expressed deep satisfaction and highlights the importance of legacy in this transaction.
What industry does UFP Technologies operate in?
UFP Technologies operates in the medical device industry, focusing on custom-engineered components and manufacturing.
What is the focus area of Trout Capital Advisors?
Trout Capital Advisors focuses on standard transactions within lower-middle market businesses, emphasizing on family and founder-owned firms.
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