Client: Prescotech Industries, Inc.
Industry: Foam Fabricator
Location: Louisville, KY
Role: Sell-Side Advisor
About the Deal:
Unique Fabricating, Inc., a portfolio company of Taglich Private Equity LLC, has completed an acquisition of Prescotech Industries, Inc. (“Prescotech”) in partnership with management. Headquartered in Louisville, Kentucky, Prescotech is a leading provider of fabricated, non-metallic components to a diverse group of OEMs and tiered suppliers in the automotive, appliance, water heater and HVAC industries.
Unique Fabricating, Inc. is also a leading provider of non-metallic components, particularly to the automotive and medium/heavy truck industries. Unique provides expedient die-cut and molded application solutions from production facilities located in Auburn Hills, MI, LaFayette, GA, and Monterrey, MX. The combined company’s expanded geographic footprint will include seven facilities, as Prescotech adds additional locations in Louisville, KY, Evansville, IN, Murfreesboro, TN and Fort Smith, AR. Synergistically, Prescotech provides customer diversification for Unique through new end-markets, and Unique provides new product capabilities such as thermoforming and additional molding technologies.
About Hilliard Lyons Investment Banking:
Hilliard Lyons Investment Banking employs a full-service model that brings "Wall Street" resources and experience to our "Main Street" clients. Our team's breadth and depth of experience enables us to deliver superior results to both public and private companies in the greater Midwest and Southeast. With offices in Louisville, KY and Cincinnati, OH, our Senior Investment Bankers focus on advising lower middle-market and emerging growth companies in Mergers & Acquisitions, Capital Raising, and Business Valuation. Please visit www.hlinvestmentbanking.com for more information. Hilliard Lyons Investment Banking is a division of J.J.B. Hilliard, W.L. Lyons, LLC, a full service financial services firm headquartered in Louisville, Kentucky. Founded in 1854, Hilliard Lyons has over 70 branches in 12 states.
For additional information about this transaction please contact:
Head of Investment Banking