Private equity firm wins M&A Deal of the Year award


Martin Stein. Courtesy Blackford Capital

A local private equity firm has been recognized among the tops in M&A in the world.

Blackford Capital in Grand Rapids said last week that its acquisition of Amtech Corporation and the company's merger with McClarin Plastics was recognized during the 14th-annual M&A Advisor Awards as the M&A Deal of the Year for a transaction valued between $25 million and $50 million.

A number of other Michigan-based professionals and organizations were honored during the event: city of Detroit; Conway MacKenzie, Birmingham; Dold, Spath & Kiriazis, Detroit; Miller Canfield, Detroit; O’Keefe, Bloomfield Hills; Pepper Hamilton, Southfield; and RBS Citizens Bank, Southfield.

The deal

Blackford Capital selected Pennsylvania-based McClarin Plastics, a designer and maker of thermoformed and fiberglass reinforced plastic components, as an acquisition target to complement its portfolio company Amtech Corporation, a designer and maker of custom molded fiberglass and vacuum-formed products.

Amtech Corporation merged with McClarin Plastics as of March 31, 2015, and the firm said the combined companies now provide six major production processes addressing roughly 45 percent of the nearly $35 billion U.S. composites industry.

Amtech Corporation was originally acquired by Blackford Capital in 2008. The private equity firm said it March that it has grown the manufacturing company’s revenue from $9 million to $38 million.

Martin Stein, founder and managing director of Blackford Capital, said the firm is honored to be awarded the M&A Deal of the Year and continues to be excited by the transaction and success of the merger.

“We have a talented team that has put years of dedicated work into this merger and acquisition process,” Stein said. “The new company is positioned well to become a leading player in the composites market, and we are excited by the potential for job creation and the overall impact we can have on the industry.”

M&A awards

Deal-making professionals from around the world were honored during the M&A Advisor Awards Gala last week at the New York Athletic Club.

The winners of this year’s awards were selected from more than 280 nominees, representing at least 690 companies, and were announced during the awards celebration.

David Fergusson, co-chief executive officer and president of M&A Advisor, said the organization recognizes the leading transactions, companies and professionals representing the highest levels of achievement from lower middle market to multi-billion-dollar deals.

“The award recipients represent the finest in the M&A industry in 2015 and earned these honors by standing out in a group of extremely impressive finalists,” Fergusson said.

M&A Advisor awards are given in multiple categories: M&A Deal of the Year; Restructuring Deal of the Year; Cross-Border Deal of the Year; Corporate/Strategic Acquisition of the Year; Deal Financing of the Year; Sector Deals of the Year; Firms of the Year; M&A Product/Service of the Year; and M&A Professionals.

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