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.”