Heritage has recapitalized EPTAM Plastics. No financial terms were disclosed. Bigelow provided investment banking services to EPTAM while Crescent Capital and Bank of New Hampshire provided the debt financing. Based in Northfield, New Hampshire, EPTAM is a provider of precision machined plastic components.
BOSTON, May 20, 2014 – Heritage, a Boston-based private equity investment firm specializing in founder-owned businesses, announced today it has completed the management-led equity recapitalization of EPTAM Plastics Ltd. (“EPTAM”). Terms of the deal were not disclosed.
Headquartered in Northfield, New Hampshire, EPTAM is a leading fabricator of precision machined plastic components for customers across a wide range of industries who demand mission critical parts with extremely tight tolerances.
For nearly twenty-five years, Heritage has been singularly focused on identifying successful founder- and family-owned businesses to partner with and invest in. Specifically, Heritage seeks enterprises owned by highly skilled and motivated entrepreneurs with the belief that, by partnering with these dynamic individuals, Heritage can help accelerate growth and together bring a company to its full potential.
“We are very proud to invest alongside the EPTAM management team and are pleased to partner with them to continue the company’s long history of growth,” said Mark Jrolf, Managing General Partner at Heritage. “EPTAM has differentiated itself from competitors by building long-term, enterprise-level partnerships with its customers. We look forward to leveraging our experience in precision machining to expand the value EPTAM brings to these deep relationships.”
Partnering with Heritage are members of the EPTAM management team, led by President Jeff Hollinger. “We welcome this partnership with Heritage, a firm that shares our commitment to building stakeholder value and has an excellent reputation as an equity partner for closely-held businesses,” Hollinger stated. “They bring a deep experience base in precision components manufacturing. This expertise will enable us to maintain our current position as a market leader in precision machined plastic components as well as grow into important new market segments.”
“The EPTAM management team has a long and impressive track record of achieving successful outcomes for its customers, and represents the type of passionate and entrepreneurial team we look to invest behind,” added Judson Samuels, Principal at Heritage.
Bigelow LLC provided investment banking services to EPTAM. Choate, Hall & Stewart LLP provided legal services to Heritage. Crescent Capital and Bank of New Hampshire provided the debt financing.
About EPTAM Plastics
EPTAM is the leading precision-machined plastic fabricator targeting demanding applications. EPTAM’s proprietary manufacturing capabilities provide the highest-quality, tightest-tolerance plastic parts for mission-critical applications. The Company provides its custom solutions to leaders in the aerospace & defense, semiconductor, medical, industrial and power generation industries.
Heritage was founded on the sole focus of partnering with founder- and family-owned businesses. Through its innovative minority recapitalization and growth equity structures, Heritage helps founders achieve personal liquidity and the capital necessary to spur growth, while at the same time allowing founders to maintain control of their business.