Clayens Group (OEP-backed) Acquires Parkway Products and Crystal Lake Manufacturing Business

Stonebridge Partners Recapitalizes Architectural Polymers with Parkway, Brookside and Spring Capital Financing

February 13, 2024

Building Products

Stonebridge Partners completed a recapitalization of Architectural Polymers, a Palmerton, Pennsylvania-based manufacturer of urethane and plastic formliners, partnering with founder Marshall Walters who remains CEO and largest shareholder. Debt and subordinated debt/equity financing was provided by Bank of Montreal, Brookside Capital Partners, Parkway Capital, and Spring Capital Partners to support the transaction and accelerate the company’s expansion in the concrete formliner market.

One Equity Partners Agrees to Acquire Clayens NP

July 26, 2022

Industrial Services

One Equity Partners (OEP) has entered into an agreement to acquire Clayens NP, a value-added outsourced contract manufacturer of high-performance polymers, composites and precision metals, from a group of investors led by Siparex. Siparex, its co-investors, and Clayens management will reinvest alongside OEP to continue as minority partners.

Intermediate Capital Group (ICG) Acquires Seaway Plastics Engineering

June 28, 2022

Manufacturing

Intermediate Capital Group's North American Direct Private Equity team has acquired Seaway Plastics Engineering, a Florida-based manufacturer of injection-molded engineered components serving medical device, healthcare, aerospace & defense, and precision industrial end markets. ICG plans to support Seaway's organic growth and pursue add-on acquisitions to expand product capabilities and geographic footprint; financial terms were not disclosed.

Parkway Products Acquires Injection Technology Corporation (ITECH)

April 16, 2019

Manufacturing

Parkway Products, a Capital Partners portfolio company, acquired Injection Technology Corporation (ITECH) from founder Carl Morris on April 16, 2019. The deal adds two facilities in Westminster, South Carolina and Arden, North Carolina, expanding Parkway’s thermoplastic injection molding capacity — including large-tonnage presses — and deepening its Southeast U.S. footprint.

Parkway Products Acquires Littlestar Plastics

January 7, 2019

Manufacturing

Parkway Products, a PE-backed diversified manufacturer, acquired Littlestar Plastics from founder and CEO Philip Preston on January 7, 2019. The add-on expands Parkway's high-performance plastics and AS9100 aerospace machining capabilities by adding Littlestar's Machesney Park, Illinois production facility to Parkway's North American footprint.

Parkway Products Acquires LMR Plastics from Leonard Industries Manufacturing

August 28, 2017

Manufacturing

Parkway Products, a Florence, Kentucky-based manufacturer backed by private equity sponsor Capital Partners, has completed the acquisition of LMR Plastics in Greeneville, Tennessee from Leonard Industries Manufacturing, LLC. The add-on expands Parkway's large-tonnage injection molding and in-mold decorating capabilities and adds a southeastern U.S. production location to Parkway's network.