Our Impact
All Transactions
PMCF Announces Sale of PRISM Plastics to Altus Cap

Chicago, IL and Southfield, MI – June 2014 – P&M Corporate Finance (PMCF) is pleased to announce that it served as the exclusive financial advisor to PRISM Plastics LLC (PRISM) of Chesterfield, Michigan, in its sale to Altus Capital Partners (Altus). Connecticut-based Altus is a private equity firm focused on investing in middle market niche manufacturing companies that employ proprietary technologies to produce highly engineered products.

PRISM is a uniquely differentiated injection molder of high volume, functional, mission-critical plastic component parts, primarily for safety related applications. In its 13 year history, the company has grown to become one of the most reputable and trusted suppliers to the occupant restraint segment and today serves almost every major automotive safety systems supplier globally.

"Altus‘ investment in PRISM serves as reinforcement of the exceptional brand we‘ve built over the last decade," said Gerry Phillips, PRISM‘s Vice President and shareholder. "PRISM is poised to realize significant growth and our partnership with Altus provides us with the resources to make that happen. We chose to work with Altus because of the team‘s exceptional track record, their understanding of our business, and our mutual desire to continue to grow PRISM together."

PMCF was hired by PRISM‘s shareholders to serve as their investment banker and lead the sale process. Rod Bricker and Jerry Williams, Vice Presidents and shareholders noted, "We hired PMCF because of its focus and track record executing middle market plastics and automotive transactions. We couldn‘t be more pleased with the outcome of the transaction. PMCF understood our business and its key value drivers and that translated into a successful outcome for our entire team."

The transaction closed on May 1, 2014.

About PMCF

PMCF is a middle market investment bank providing merger & acquisition advisory services to companies in North America and Europe. PMCF provides public and privately-owned companies and private equity firms with a broad range of M&A advisory services including sale and acquisition advisory, capital raising, fairness opinions and strategic advisory. Through its offices in Chicago and Detroit, the firm has dedicated industry teams providing services to the business services, medical technology, diversified industrial and plastics & packaging industries. PMCF is a founding member of Corporate Finance International®, a network of boutique investment banking firms across North America, Europe, South America and Asia. PMCF also was named Boutique Investment Banking Firm of the Year in 2013 by The M&A Advisor. For more information, visit www.pmcf.com.

PMCF Announces Sale of PRISM Plastics to Altus Cap

Chicago, IL and Southfield, MI – June 2014 – P&M Corporate Finance (PMCF) is pleased to announce that it served as the exclusive financial advisor to PRISM Plastics LLC (PRISM) of Chesterfield, Michigan, in its sale to Altus Capital Partners (Altus). Connecticut-based Altus is a private equity firm focused on investing in middle market niche manufacturing companies that employ proprietary technologies to produce highly engineered products.

PRISM is a uniquely differentiated injection molder of high volume, functional, mission-critical plastic component parts, primarily for safety related applications. In its 13 year history, the company has grown to become one of the most reputable and trusted suppliers to the occupant restraint segment and today serves almost every major automotive safety systems supplier globally.

"Altus‘ investment in PRISM serves as reinforcement of the exceptional brand we‘ve built over the last decade," said Gerry Phillips, PRISM‘s Vice President and shareholder. "PRISM is poised to realize significant growth and our partnership with Altus provides us with the resources to make that happen. We chose to work with Altus because of the team‘s exceptional track record, their understanding of our business, and our mutual desire to continue to grow PRISM together."

PMCF was hired by PRISM‘s shareholders to serve as their investment banker and lead the sale process. Rod Bricker and Jerry Williams, Vice Presidents and shareholders noted, "We hired PMCF because of its focus and track record executing middle market plastics and automotive transactions. We couldn‘t be more pleased with the outcome of the transaction. PMCF understood our business and its key value drivers and that translated into a successful outcome for our entire team."

The transaction closed on May 1, 2014.

About PMCF

PMCF is a middle market investment bank providing merger & acquisition advisory services to companies in North America and Europe. PMCF provides public and privately-owned companies and private equity firms with a broad range of M&A advisory services including sale and acquisition advisory, capital raising, fairness opinions and strategic advisory. Through its offices in Chicago and Detroit, the firm has dedicated industry teams providing services to the business services, medical technology, diversified industrial and plastics & packaging industries. PMCF is a founding member of Corporate Finance International®, a network of boutique investment banking firms across North America, Europe, South America and Asia. PMCF also was named Boutique Investment Banking Firm of the Year in 2013 by The M&A Advisor. For more information, visit www.pmcf.com.

Autocam

GRAND RAPIDS, Mich.Dec. 2, 2014 /PRNewswire/ -- Autocam Medical Devices, LLC (Autocam Medical) announced the completion of its acquisition through cash transaction of Murfreesboro, Tenn.-based Southeastern Technology, Inc. (SET), effective November 30, 2014. Like Autocam Medical, SET is a leading contract manufacturer of precision-machined components, assemblies and engineered solutions primarily focused on serving original equipment manufacturers (OEMs) in the medical device industry. SET serves the orthopedic and spine markets with precision implants and complex instruments. They also machine precision components for other medical applications such as oncology and dental. Autocam Medical was advised on the transaction by P&M Corporate Finance, LLC

With the completion of the transaction, Autocam Medical is situated to become one of the most competitive global medical device contract manufacturing suppliers capable of manufacturing a wide range of precision components and complex assemblies in the marketplace. Projected 2015 sales of the companies will total approximately $100 million. SET will operate under Autocam Medical as the Southeastern Technology division; all employees will be retained.

"With the addition of Southeastern Technology, Autocam Medical gains a new strategic regional presence and key customer relationships," said John Kennedy, founder and CEO of Autocam Medical. "We also gain exceptional talent and technology."

"SET has a highly competent and engaged team with an excellent reputation for technical and engineering expertise, quality, value, and customer service. We don't anticipate any changes in SET operations beyond enhancing some IT infrastructure and certain business systems. We're excited to bring SET aboard and we have high expectations for our future," added Kennedy.

Lonnie Butner, VP of Operations at Southeastern Technology commented, "The combination of Autocam Medical and SET's manufacturing technologies will provide our customers with a single-source solution to manage entire implant and instrument platforms."

"As with all important business decisions," Butner added, "we will work closely with our clients, partners, and employees to make the integration process as smooth as possible. Our customers will continue to receive the same high quality service they have come to expect."

Content Property of P & M Corporate Finance. Linked In
Member FINRA Member SIPC Disclaimer Business Continuity Plan Privacy Policy