Marco Rubber & Plastics, a portfolio company of Align Capital Partners, has acquired Allied Metrics O-Rings & Seals, a distributor of specialty O-rings, seals and gaskets.
Marco Rubber serves more than 14,000 customers that operate in the semiconductor, military, petro-chemical and other industrial markets. The company’s products, available in more than 3,000 material formulations, include O-rings, X-rings, square rings, glide rings, washers, cap seals, and custom molded grommets and gaskets. The company also provides a range of services including product design, coating, packaging, inspection, and inventory stocking.
Marco Rubber has more than a million SKUs and, according to the company, maintains one of the world’s largest inventories of specialty and standard sealing components. The company, led by CEO Marty Daley, was founded in 1980 as the Marine and Aerospace Rubber Company (MARCO) and is headquartered in a 37,000 square foot facility located just north of Boston in Seabrook, New Hampshire.
Naples, Florida-based Allied Metrics provides O-rings, seals, gaskets, U-cups, V-rings, X-rings and square rings to more than 400 companies that operate in industrial hydraulics and pneumatics, food and dairy, oil and gas, semiconductor, optical, pharmaceutical, aerospace, marine, and medical sectors.
Post-closing Allied’s president and second-generation family owner, Bill Westerman, will remain involved with the business in partnership with Marco Rubber. “This was the right time in Allied’s growth journey to partner with Marco, a market leader that shares our passion for delivering high quality products and exceptional customer service. I look forward to seeing the combined business thrive in the coming years,” said Mr. Westerman.
“Over the years, Bill has built a great reputation as a trusted source for performance-oriented elastomeric components,” said Mr. Daley. “Allied’s highly engineered product offering strengthens our ability to offer Marco’s growing customer base a diverse range of value-added products and services.”
Align Capital acquired Marco Rubber in February 2020 and the buy of Allied is its sixth add-on acquisition. The five earlier buys were Premiere Precision Components (December 2020), Anchor Rubber Products (March 2022), Ipotec (June 2022), Jet Gasket & Seal (February 2023), and American Seal & Packing (August 2023). Marco Rubber continues to pursue other add-on acquisitions that expand either its products and/or geographic reach.
The Allied Metrics transaction team included Align Capital Managing Partner Chris Jones, Vice President Matt Bowen and Associate Ben Bryles.
Align Capital invests from $20 million to $60 million in North American-based companies that have from $3 million to $15 million of EBITDA and enterprise values of up to $150 million. Sectors of interest include software and tech-enabled services, professional business services, industrial services, specialty manufacturing and specialty distribution. Align Capital has offices in Dallas and Cleveland.
© 2024 Private Equity Professional | February 14, 2024
