Operating Company Manufacturing

All-State Industries

West Des Moines, Iowa, United States

Turnkey plastic and rubber manufacturing solutions for OEMs and industrial customers, providing concept design through project launch, including die cutting, machined plastics, open cast urethane molding, vacuum forming, and acoustic and thermal insulation products.

Focus Areas
Non-metallic components, Die cutting, Machined plastics

Tracked deals

3

3 tracked deals across 2022-2025.

Recent pace

0

0 tracked deals announced in the last 12 months.

Deal mix

Addon

3 addon

All-State Industries Acquisition Volume by Year

Last 2 years

Acquisition volume by year Annual acquisition counts for the last 2 years for All-State Industries. 2 2022 1 2025

Supporting Data

Recent Transactions

  • Buyer
    All-State Industries, Inc., Blue Sage Capital
    Target
    United Gasket Corp., Gaskoa, Inc.
    Industry
    Manufacturing
    Type
    Addon

    All-State Industries, a portfolio company of Blue Sage Capital, has acquired United Gasket Corp. and its subsidiary Gaskoa, Inc. United Gasket — a Cicero, Illinois–based manufacturer of custom non-metallic components — will remain led by CEO Mark Pahios and the deal expands All-State's die-cutting and non‑metallic component capabilities. The transaction (completed Dec. 31, 2024) is the fourth add-on for the All-State platform since partnering with Blue Sage and was financed with support from TPG Twin Brook Capital Partners.

  • Buyer
    All-State Industries, Inc., Blue Sage Capital
    Target
    dB Engineering, Inc.
    Seller
    dB Engineering, Inc., Mike Gibson
    Industry
    Manufacturing
    Type
    Addon

    All-State Industries, a Blue Sage Capital-backed provider of nonmetallic components, acquired substantially all of the assets of dB Engineering, a Mansfield, Texas-based manufacturer of thermal, acoustic and vibration isolation components. The add-on expands All-State's thermal and vibration insulation capabilities across its OEM end markets and is intended to drive cross-selling and further platform growth.

  • Buyer
    All-State Industries, Inc. (affiliate), Blue Sage Capital
    Target
    Allied Plastics, LLC
    Seller
    Tim Neal, Steve Wieder
    Industry
    Manufacturing
    Type
    Addon

    An affiliate of All-State Industries, backed by private equity firm Blue Sage Capital, has acquired Allied Plastics, a Twin Lakes, Wisconsin-based thermoformed plastics manufacturer. The acquisition expands All-State's thermoforming and extrusion capabilities and increases the platform's scale across agriculture, heavy equipment OEM, consumer products, and packaging end markets.

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