Pexco, a portfolio company of AEA Investors, has acquired Insultab, a manufacturer of heat shrinkable and non-shrink tubing products.
Pexco was acquired in January 2018 by AEA as part of the firm’s acquisition of Spectrum Plastics Group, a designer and fabricator of specialty plastics products, from Kohlberg & Company. The purchase of Insultab is the second add-on acquisition completed by AEA for Pexco. In August 2018, Pexco acquired Sheffield, MA-based Custom Extrusion, a provider of plastic profile extrusions used in the lighting and construction markets.
Insultab is a producer of heat shrinkable, non-shrinkable, and custom designed tubing products. The company’s products are sold under a variety of brands, including Insultab and VinylGuard, and are used a range of industrial and commercial market segments including electrical, mechanical, structural, recreational, and automotive.
Insultab has more than 1,000 customers located around the world. Insultab was founded in 1953 and is headquartered in a 50,000 sq. ft. facility near Boston in Woburn, MA (www.insultab.com).
Pexco is a designer and fabricator of custom extruded plastics products. The company provides standard and specialty parts and components to manufacturers and end-users across a range of applications in the specialty industrial, lighting, traffic safety, fence and filtration industries. Pexco, led by CEO Sam Patel, is headquartered in Atlanta with multiple plants across the United States and Mexico (www.pexco.com).
“Insultab is a tremendous addition to our organization,” said Mr. Patel. “Their wealth of expertise in the realm of heat shrinkable tubing capabilities represents a new direction for Pexco, deepening our ability to offer advanced solutions to customers in new markets. We look forward to the continued pursuit of acquisitions that fit our core objectives, enabling us to enhance our suite of capabilities and expand our geographic footprint as the largest custom extruder in North America.”
AEA makes equity and debt investments in middle market companies that operate in the following sectors: retail and consumer products, services, specialty chemicals, and value-added industrial products. The firm manages approximately $10 billion of capital. AEA was founded in 1968 by the Rockefeller, Mellon, and Harriman family interests and S.G. Warburg & Co. as a private investment vehicle for a select group of industrial family offices. The firm is headquartered in New York with additional offices in Connecticut, London, Munich and Shanghai (www.aeainvestors.com).
© 2018 Private Equity Professional | December 3, 2018