Bertram Capital has closed its sale of Premier Material Concepts LLC to Simona Group. No financial terms were disclosed. William Blair provided investment banking support for Bertram while Hirschler Fleischer was legal counsel. PMC is a maker of plastic sheet and roll stock.
SAN MATEO, Calif., Aug. 1, 2018 /PRNewswire/ — Bertram Capital (“Bertram”) announced today the completion of the sale of Premier Material Concepts LLC (“PMC” or the “Company”) to SIMONA Group (“SIMONA”). PMC is an established manufacturer of custom-engineered, high-performance plastic sheet and roll stock, primarily used for thermoforming applications in attractive niche end markets such as recreational vehicles, marine, and agricultural equipment. Terms of the transaction were not disclosed.
“In partnership with an exceptional management team led by Duane Jebbett, Bertram made sizable investments in PMC’s facilities, scaled its operations and R&D teams, and together brought the additional focus and resources necessary to nearly double sales and increase EBITDA by five times over the course of our investment,” said Jeff Drazan, Managing Partner of Bertram Capital. “The sale of PMC marks the fourth sell-side transaction completed this year by Bertram’s Industrial Team, led by Kevin Yamashita and Tim Heston.”
Founded in 2003 as a business unit of Rowmark LLC, PMC has maintained a specialized focus on next-generation engineered materials, such as TPO and ABS. During its ownership period, Bertram Capital successfully established PMC as a standalone business, complete with its own dedicated management team and state-of-the-art facility.
“We are very proud of what we have accomplished alongside PMC’s phenomenal management team,” said Kevin Yamashita, Partner at Bertram Capital and investment lead for PMC. “Working together, we strengthened the Company’s market position, developed truly differentiated R&D capabilities, and created a highly relevant strategic player within the industry.”
Duane Jebbett, CEO of PMC, stated, “Bertram has been a true partner to the PMC team, sharing their tremendous operational experience and aligning the Company with the right resources and long-term vision to help us achieve substantial growth and outperform expectations. We have thoroughly appreciated Bertram’s guidance and support over the last several years. They gave us the encouragement and the resources to achieve our potential.”
Investment banking support for Bertram was provided by William Blair and Hirschler Fleischer provided transaction support as the legal counsel for Bertram.
About Bertram Capital
Bertram Capital is a private equity firm with over $1.4 billion in committed capital targeting investments in lower middle market companies. In addition to supplying strategic growth capital, Bertram Capital leverages proprietary processes and services, Bertram High-5SM and Bertram Labs, to empower its portfolio companies to unlock their full business potential. The Bertram High-5SM is an operationally-focused value creation strategy, which includes management augmentation, operational initiative implementation, complimentary business acquisition, sales and marketing improvements and leveraging technology and IP. The cornerstone of this strategy is Bertram Labs, its in-house technology team, which drives growth and value through digital marketing, e-commerce, big data and analytics, application development and internal and external platform optimization. Visit www.bertramcapital.com for more information.