3i has agreed to invest about $160 million in Q Holding. Based in Twinsburg, Ohio is a maker of precision moulded rubber and silicone components.
3i Group plc (“3i”), the international investment manager, has agreed to invest approximately$160 million (c. £100 million) in Q Holding, a leading global manufacturer of highly engineered, precision moulded rubber and silicone components.
Headquartered in Twinsburg, Ohio, Q Holding, through its subsidiaries QSR and Qure Medical, is a manufacturer of elastomeric products, primarily serving the automotive, medical and pharmaceutical end markets. The company’s value proposition lies in its material science and engineering capabilities, which enable Q Holding to produce components that meet the tight quality and performance specifications required for the demanding end markets it serves. Q Holding’s main product categories include electrical management solutions such as connector seals and ignition insulators, as well as a broader range of disposable medical and pharmaceutical products such as catheters and syringe plungers.
Randy Ross, Chief Executive of Q Holding, commented: “The management team at Q is very excited to have a partner that shares the company’s vision, and has the network to help us be a global partner to our key customers. Our shared vision of “customer first” philosophies and 3i’s unique position to help support Q end market strategies makes 3i an ideal partner for this phase for the business.”
The Company has an international footprint with over 1,100 employees across six manufacturing facilities in North America and China, selling products in over 50 countries. Q Holding and 3i plan to continue the Company’s growth by accelerating its expansion into Europe, and broadening its product and end market offering.
Richard Relyea, Partner, 3i North America, said: “We’re pleased to announce our investment in Q Holding. It is an excellent business and a global leader in the majority of its product categories. We look forward to working with the management team to build upon this strong platform for growth, in particular, leveraging our local presence and network to help accelerate the Company’s continued international expansion.”
The 3i deal team comprised individuals from the US, German, UK and French offices. 3i’s strong track record of helping its portfolio companies internationalise and enter new markets was a key attraction to the Company’s management team when picking a partner for the business. Recent examples within the industrial sector where 3i has successfully helped management deliver on their international expansion strategy include MoldMasters, Hilite, Hyva and NORMA. In addition to organic growth, Q Holding will also continue to seek to expand its offering through selective acquisitions in Europe and North America within the highly fragmented silicone moulding sector.
About 3i Group
3i is a leading international investment manager focused on mid-market private equity, infrastructure and debt management across Europe, Asia and North America. For further information, please visit: www.3i.com.
About Q Holding
Q Holding is committed to providing world class precision moulded elastomeric components. Through QSR, we provide electrical management solutions to our customers in the automotive, industrial and aerospace industry. Qure Medical supplies engineered elastomeric products to the medical and pharmaceutical industry. For further information, please visit: www.qsr-inc.com and www.qure-medical.com.