Marco Rubber Plastics, backed by Align Capital Partners, has acquired Premiere Precision Components from KLH Capital. Premiere, based in Holiday Florida, is a value-added supplier of custom manufactured molded rubber, plastic and metal components. Stephens Inc. advised KLH and Premiere.
CLEVELAND and DALLAS, January 7, 2021 – Align Capital Partners’ (“ACP”) specialty sealing distributor Marco Rubber & Plastics (“Marco” or the “Company”) has acquired Premiere Precision Components (“Premiere”) from KLH Capital. Premiere is a value-added supplier of custom manufactured molded rubber, plastic, and metal components.
Headquartered in Holiday, Florida, Premiere’s products are used in a variety of end markets including wireless and wired communications applications, pool and spa, lawn and garden, and HVAC, among others. “We built Premiere around the core tenant of providing unique, high-performance products and dependable delivery with a service-oriented culture,” said Premiere Founder and CEO Gail Selby. “Marco shares those same quality and service standards, which makes us excited to combine efforts to meet our customers’ most pressing specialty component needs.”
Marco leverages its technology platform to link a global supply network with more than 3,000 material formulations, more than one million SKUs, and custom products to provide cost-effective service internationally. “Gail built a great business with Premiere. Its rich culture, value-added services, and technical expertise align nicely with those of Marco,” Marco CEO Marty Daley said. “This is a highly strategic acquisition for us. Together our combined companies have a unique offering of high-performance O-rings, gaskets, bonded parts, specialty components, and assemblies that we provide with industry best quality standards and service levels.”
Premiere marks the Company’s first add-on since ACP’s acquisition in February of last year. “We remain excited about the industry and the inventive ways Marco is leveraging its proprietary technology to solve unique sealing requests, and the combined company will provide its customers with a broader range of high-performance products,” said ACP Managing Partner Chris Jones. Together, Marco and ACP will continue to pursue add-on acquisitions to augment the Company’s current product offering and distribution reach.
Operating Partner Bill White, Vice President Matt Iodice, and Associate Walker Tiller worked alongside Mr. Jones on the transaction. KLH Capital and Premiere were advised on the transaction by Stephens Inc. and Bass, Berry & Sims PLC, and ACP was advised by Alantra and Calfee, Halter & Griswold LLP.
About Marco Rubber & Plastics
Over the last 40 years, Marco has evolved to a tech-enabled, independent solutions provider delivering high-performance specialty rubber and plastic components around the world to the aerospace, medical, semiconductor, chemical, and many other diverse markets. Today, the Marco team leverages cutting-edge technology to help its customers quickly and cost-effectively solve their most demanding elastomeric sealing solutions. Marco delivers competitive advantage value and service for sustainable mutual success. For more information, visit marcorubber.com.
About Align Capital Partners
Align Capital Partners is a growth-oriented private equity firm that partners with business owners and management teams to create shared success. ACP manages $775 million in committed capital with investment teams in Cleveland and Dallas. ACP brings experience and resources to help lower-middle market companies accelerate their growth, to the benefit of management, employees and the firm’s investors. ACP makes control investments in differentiated companies within the business services, technology, specialty manufacturing, distribution, and healthcare sectors. For more information, visit aligncp.com.