Imperial Plastics, a portfolio company of GHJ&M, has acquired epc
Lincoln International LLC (“Lincoln International”), a leading global mid-market investment bank, announced today the successful completion of a financing for Imperial Plastics, Inc. (“Imperial”), a portfolio company of Goldner Hawn Johnson & Morrison, Inc. (“GHJ&M”), in connection with a refinancing of Imperial’s existing credit facilities and the financing of Imperial’s acquisition of Engineered Polymers Corporation (“EPC”). Imperial is a leading provider of custom, highly engineered, small injection-molded plastic components, while EPC is a manufacturer of larger, technically complex injection-molded components. With the acquisition of EPC, Imperial now offers comprehensive molding capabilities ranging from small components to very large components with applications across a variety of end-markets.
Lincoln International acted as the exclusive financial advisor for Imperial and GHJ&M and worked closely with both on all aspects of the financing, helping to structure, arrange, and negotiate an undisclosed amount of debt financing. Proceeds from the new debt facilities, which consisted of a senior revolving credit facility provided by BMO Harris Bank, N.A. and a senior term loan provided by AIG Asset Management, LLC, were used to pay off Imperial’s existing senior credit facility, finance the EPC acquisition and provide for Imperial’s and EPC’s ongoing working capital and capital expenditure requirements.
Joe Heinen, Managing Director at GHJ&M, stated, “We are very pleased with Lincoln’s execution and the outcome of the Imperial financing, which was completed in a very efficient manner and enabled Imperial to close the EPC acquisition on an expedited basis. Lincoln’s knowledge of the U.S. debt markets and extensive lender relationships also provided Imperial with multiple financing options, resulting in an attractive financing package with ample flexibility to integrate EPC and support future growth plans.”
About Imperial Plastics, Inc.
Based in Lakeville, Minnesota, Imperial engineers and manufactures custom, injection-molded plastic components for leading OEMs and Tier 1 suppliers in a variety of industries. The company was founded in 1968 and operates three manufacturing facilities in the Minneapolis—St. Paul metropolitan area. GHJ&M made an investment in Imperial in 2012, and the company employs nearly 500 people. More information on Imperial can be found at www.imperialplastics.com.
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