Canadian private equity firm Regimen Equity Partners has made an undisclosed equity investment in Plastifab Industries of Montréal. Founded in 1975, Plastifab is a manufacturer of extruded thermoplastic rod, tube, profile and other shapes for a wide range of industrial and consumer end-uses. It is led by President and CEO Rick Phillips. Regimen said the company is positioned to take advantage of growth opportunities in the fragmented plastics extrusion industry. Earlier this year, Regimen invested in Central Technology Services Corp, a customized financial solutions provider.
Regimen Equity Partners Announces Equity Investment in Plastifab Industries
VANCOUVER, BC–(Marketwired – July 14, 2016) – Regimen Equity Partners is pleased to announce their partnership and equity investment in Plastifab Industries. This is the third investment of their inaugural fund.
Founded in 1975 and located in Montreal, Quebec, Plastifab is a manufacturer of extruded thermoplastic rod, tube, profile and other shapes for a wide range of industrial and consumer end-uses. Plastifab’s custom products are sold to diversified US and Canadian industrial sectors including automotive, mining, point of purchase display, fluid handling and waste water treatment, as well as specialty and general distributors. Plastifab focuses on creativity and innovation to solve demanding application issues with unique technical and custom solutions.
Rick Phillips, President & CEO, Plastifab said, “We are extremely pleased to see Regimen make this commitment to Plastifab. Not only will their financial resources provide us with the opportunity to continue to grow and expand our base, their business acumen and leadership should help us to become even better at what we do; and their philosophy of investing for the long term will provide Plastifab with the strength and stability that every growing small business needs.”
Gerry Bellerive, Managing Director, Regimen Equity Partners, said, “It was a pleasure to come across an SME where the majority owners took succession seriously. Rick empowered and mentored a young team while including them as owners years ago, a textbook strategy for transition. We are extremely pleased to be partnering with a strong and innovative management team that together with a passionate group of employees has been responsible for years of profitable growth. The Plastics Extrusion Industry remains highly fragmented with aging owners looking for an exit strategy. Plastifab is well positioned to take advantage of this opportunity.”
About Regimen Equity Partners: Regimen Equity Partners invests in private, profitable small and medium-sized enterprises with a focus on commercial and industrial markets across Canada with earnings of at least $2m per annum. Regimen combines capital and qualified, passionate business partners together with established enterprises seeking growth or succession solutions. We invest for the long term (15+ years) and are not required to sell our investments after a predetermined period. Regimen Partners has offices in Vancouver, Edmonton and Toronto.
Photo courtesy of Plastifab Industries