"PPC led our leadership team through every step of the process, from preliminary discussions with interested parties, through negotiation of the Letter of Intent, all the way through the closing of the transaction. Your experience in managing a strategic buyer during the quality of earnings and other due diligence efforts was greatly appreciated."
Daryl Lindemann
Former President & Owner
IVP Plastics
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IVP Plastics
provides industry-leading thermoplastic design and injection molding services to a variety of end markets including the agricultural, automotive, heavy industrial, electronic, construction, food & beverage, and health care industries. The Company's product set ranges from automotive engine components, to filter housing bases for the construction and industrial world, HVAC fans, to mounting brackets used in thousands of different applications. IVP's three strategic sites located near Peoria, Illinois and St. Louis, Missouri provide world-class capabilities to a growing list of both regional and national clients.
While the IVP business dates back to 1953, the Company was acquired by current leadership during 2010. Since this time, the existing leadership team has dramatically grown the business which included the acquisition of St. Louis-based Pro Plas in 2012 and the addition of another operating site in 2017. After years of steady growth, the IVP ownership group desired to explore strategic alternatives for their business and engaged PPC during April of 2019. Besides economic considerations, the ownership group desired to close a transaction with a strategic acquirer that would be mindful of IVP’s culture and would continue to support the Company’s investment in its leadership team and loyal employee base.
After collaborating with IVP's ownership group, researching a variety of potential acquirers, and facilitating management visits with IVP and other targeted interested parties, employee-owned
Microplastics, Inc.
was identified as the ideal acquirer for the business. Besides addressing IVP's economic goals for a transaction, going forward, IVP's employees will have the opportunity to participate in the Microplastics ESOP and will share in the future financial success of the Microplastics-IVP combination. Promontory Point Capital successfully closed this strategic sale transaction during September of 2019.
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Promontory Point Capital
is a Milwaukee-based investment banking firm focused on the needs of Midwestern privately-held businesses. Since being formed in 2004, our firm has led over 130 client engagements including
the evaluation of business sale and recapitalization options,
the arrangement of debt and equity financing, and the planning and execution of growth strategies involving acquisitions, mergers, and joint ventures.
Situations where Promontory Point Capital has been helpful include:
- Ownership Planning: We are frequently introduced to owners or senior management teams when owners are interested in learning about their options involving a potential sale of all or a portion of their business. We have arranged transactions involving strategic partners, private equity firms, ESOPs, management buyouts, and other types of shareholder “recaps” including both minority and majority recapitalizations.
- Financing: A company may have either short-term or long-term funding needs that are beyond the comfort zone of its existing senior bank lender. PPC arranges capital for companies including senior bank debt, non-bank debt, subordinated debt, sale-leaseback, and other forms of institutional funding to fund growth, acquisitions, shareholder redemptions, management buyouts, and other corporate purposes.
- Growth/M&A: A company may have an interest in growing and expanding by acquisition or strategic joint venture and wish to have an initial conversation regarding their strategic growth objectives.
We welcome your confidential inquiry and encourage you to visit our firm's new website at
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PROMONTORY POINT CAPITAL
MILWAUKEE – (414) 225-0484
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Mike Burmesch
Senior Associate
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PROMONTORY POINT PARTNERS
CHICAGO –
(312) 925-9972
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Tim Wright
Senior Manager
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Investment Bankers That Get Results
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