Stout announced today that its client, Western Industries, Inc. (Western), a portfolio company of Graham Partners, has been sold to Speyside Equity, a private equity firm based in Ann Arbor, Michigan. Stout served as exclusive financial advisor to Western and Graham Partners in connection with this transaction.
Western is comprised of two distinct business units, Plastic Products Group (Plastic Products) and Engineered Products Group (Engineered Products). Plastic Products is a niche, technical manufacturer of large blow molded products and components serving a variety of industrial and consumer end markets and operates out of a 350,000 sq.ft. campus in Winfield, Kansas. Plastic Products has a unique competence in large part blow molding and manufactures some of the largest and most complex products in the industry. Engineered Products is a manufacturer of cooking, warming and ventilation products as well as complex metal components for a variety of end markets and operates out of a 250,000 sq.ft. facility in Watertown, Wisconsin. Engineered Products’ wide range of manufacturing processes include stamping, CNC forming, welding, painting, finishing, assembly, as well as final product testing and validation.
Mr. David Evatz, Managing Director and head of Stout’s plastics industry practice, added, “It was a pleasure working with Graham Partners and the Western Industries team on this important transaction, and we are pleased that we were able to draw upon our deep industry expertise.” Mr. Adam Piatkowski, Managing Principal of Graham Partners, said, “We are very pleased with the outcome of this transaction. Stout did an outstanding job of finding the right partner for Western, which is well positioned to continue its success with Speyside Equity.” Graham Partners is a private investment firm based in Newtown Square, Pennsylvania focused on investing in businesses with advanced industrial technologies, innovative product offerings, and strong growth potential.
Stout’s Investment Banking Group provides mergers and acquisitions (M&A) advice, private capital raising, and other financial advisory services for private equity portfolio companies, closely held or family owned businesses, and divisions of large corporate parents. Stout’s dedicated plastics industry practice includes experience with companies within the medical, packaging, industrial, and automotive markets and across various manufacturing and plastic processes. For more information, please visit our website at www.srr.com/industries/plastics.
Stout Risius Ross, Inc. is a premier global advisory firm specializing in Investment Banking, Valuation Advisory, Dispute Consulting, and Management Consulting. We serve a range of clients from Fortune 500 corporations to privately held companies in numerous industries around the world. Our clients and their advisors rely on our premier expertise, deep industry knowledge, and unparalleled responsiveness on complex financial matters.
Stout is a trade name for Stout Risius Ross, Inc. and Stout Risius Ross Advisors, LLC, a FINRA registered broker-dealer and SIPC member firm.