MCM Capital Partners (“MCM”), a micro-cap private equity firm based in Cleveland, Ohio, is pleased to announce its recent acquisition of AIM Processing based in Longmont, CO.
AIM Processing is a custom plastic injection molder specializing in small, tight-tolerance parts and are experts in overmolding, insert molding, and metal replacement serving the medical device, industrial, water treatment, government, laboratory and veterinary industries. In addition to its technical molding acumen, the Company is highly focused and adept at employing cutting edge automation to their production processes running 37 presses, 24-hours a day, 7 days a week.
“We have been targeting highly engineered thermoplastic component manufacturers for nearly ten years and AIM, our fourth platform investment in this space, is an ideal fit. We are excited about the opportunity to partner with Jon and the management team from both a business and cultural perspective,” stated Robert Kingsbury, Managing Partner at MCM Capital. “We look forward to augmenting their technical molding and automation capabilities with strategic sales and marketing initiatives to drive outsized growth.”
Jon Gelston, President of AIM, who retained a significant equity share of the Company commented, “It was important to find a partner that recognizes AIM’s leading capabilities and passion for customer service to complement our team and help us grow into all that we are capable of. We are very fortunate to have found MCM and are excited for the opportunities this represents for our customers and our team.”
“We are excited to welcome AIM to the MCM Capital family. AIM has an outstanding reputation in the marketplace and is recognized as a leader in the production of small, thermoplastic parts utilizing highly engineered resins with demanding tolerances,” said Greg Ott, Senior Operating Partner at MCM Capital. “AIM’s commitment to industry leading automation will allow them to grow more rapidly than the competition. Their technical expertise in this area is what differentiates them as one of the few manufacturers who can achieve this level of operating efficiencies for not only themselves, but their customers as well.”
AIM is the second platform investment in MCM Capital Partners IV, L.P., which held its second close last month.
Plastics-focused investment banking firm MBS Advisors of Florence, MA represented AIM Processing in the transaction.
Calfee, Halter & Griswold LLP served as legal counsel and Key Bank was the senior lender on the transaction.
About MCM Capital Partners
For three decades, MCM has partnered with lower middle market businesses to support and accelerate growth, creating opportunities for business owners and their employees. We drive growth by applying a unique and powerful approach, going far beyond a “deal” mindset to inject extensive market and technology insights, along with proven best practices in operations, finance, and business development.
If you would like more information about this transaction or MCM’s acquisition criteria, please call Chris Hren at 216-514-1848, or email chris@mcmcapital.com.