TVV Capital, an operationally focused private equity firm, has acquired Design Molded Plastics. This acquisition is the fifth investment for TVV Capital’s latest fund, TVV III, which closed in December 2013.
Design Molded Plastics (DMP) is a provider of custom full-service plastic injection molding. The company serves customers in the medical, automotive, protective equipment, home appliance and electronic products sectors. DMP was founded in 1985 and is based south of Cleveland in Macedonia, OH (www.designmolded.com).
“DMP’s highly diversified customer base, as well as its ability to provide full-service engineering, tooling and manufacturing services translates into a high-growth business with the potential for continued rapid expansion,” said Andrew Byrd, President of TVV Capital. “Given TVV’s investment focus, the intrinsic value of DMP, and the US plastic part production market’s current and projected growth, this investment is consistent with our strategy of delivering significant value to our investors.”
TVV Capital is a lower middle-market buyout firm focused on acquiring market-leading niche manufacturers in defensive, recession-resistant sectors with strong succession management in place and identifiable growth prospects. TVV targets companies with enterprise values from $10 million to $100 million, revenues from $15 million to $150 million, and EBITDA margins of 10 to 25 percent. TVV Capital was founded in 1997 and is headquartered in Nashville (www.tvvcapital.com).
2014 PEPD • Private Equity’s Leading News Magazine • 8-22-14