Mesirow Financial acted as the exclusive financial advisor to SeaStar Solutions, a portfolio company of H.I.G. Capital, in its recent acquisition of INCA Molded Products.
INCA Molded Products is a manufacturer of rotationally molded plastic products including fuel tanks and other products for the marine industry. The company was founded in 1979 and is based in Nashville, TN (www.incaproducts.com).
“We were honored to represent SeaStar Solutions and H.I.G. Capital on the INCA transaction,” said Rocky Pontikes, managing director of Mesirow Financial. “We believe the combination will add substantial value in the marine products market.”
SeaStar (formerly Teleflex Marine) is a provider of OEM and aftermarket products and accessories for the recreational marine and related markets. Products are sold under the SeaStar, Sierra, BayStar, Shields, Detwiler, Prime Line and Proheat brands. The company is based in Litchfield, IL (www.teleflexmarine.com).
“We are very excited about SeaStar Solutions’ acquisition of INCA, which will further enhance our product offering to boat builders,” said Yvan Cote, President and CEO of SeaStar Solutions. “Mesirow Financial was instrumental in identifying INCA’s product offering as a complementary and synergistic add-on to our existing product portfolio.”
Mesirow Financial’s Investment Banking group focuses exclusively on middle-market transactions and serves middle-market companies and large corporations, both public and private, in merger and acquisition advisory, capital markets advisory, restructuring and special situations, fairness and solvency opinion, board of directors advisory and special committee representation. Overall, Mesirow Financial is a diversified financial services firm with particular expertise in investment management, global markets, insurance services and consulting. Founded in 1937, Mesirow is an independent, employee-owned firm with more than 1,200 employees in offices across the US and in London, UK. The firm is headquartered in Chicago (www.mesirowfinancial.com).
H.I.G. Capital specializes in providing capital to small and medium-sized companies and invests in management-led buyouts and recapitalizations of manufacturing or service businesses. H.I.G. Capital has more than $12 billion of equity capital under management. The firm was founded in 1993 and is based in Miami with additional offices in Atlanta, Boston, Chicago, Dallas, New York, San Francisco, London, Hamburg, Madrid, Paris, and Rio de Janeiro (www.higcapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 6-14-13
