Injection Moulding Machine

Nolan & Associates is pleased to announce that it exclusively advised Lomont Molding, Inc. in its sale to Summit Equity Group

“For more than 20 years, Lomont has focused on being one of the premier plastic component manufacturers in the country.  Today, we welcome our new partnership with Summit Equity Group and are excited and optimistic about the future for both Lomont and Summit.  We would also like to share our appreciation for the team at Nolan & Associates and the guidance they provided throughout Lomont’s sale process.  Nolan’s experience was attractive to us and their ability to efficiently facilitate our process allowed us to take advantage of today’s market by selling at the right time and yielding results that well exceeded our expectations.”

– J.D. Schimmelpfennig, Founder of Lomont Molding, Inc.

Decatur, IL – (Aug. 29, 2014)  Nolan & Associates is pleased to announce that it exclusively advised Lomont Molding, Inc. (Lomont) in its sale to Summit Equity Group (Summit).

Our Client: Lomont Molding

  • Founded in 1982 and based in Iowa, Lomont Molding, Inc. is a world-class manufacturer of low pressure structural foam and high pressure solid injection molded thermoplastic components.
  • From simple to highly engineered, proprietary to custom OEM, Lomont has consistently delivered high quality products to its customer base of over 1,100 active accounts.
  • Lomont’s customer base is diversified across multiple industries including proprietary safety products for the chemical industry, proprietary concrete accessories for the commercial, industrial and infrastructure construction industry, building maintenance products, blowers and fans for the HVAC industry, energy, defense and agriculture.

Objectives of Lomont Molding

  • The Company sought a liquidity event for its shareholders and an acquisition partner who would benefit from Lomont’s best-in-class operations.
  • Lomont represented a unique opportunity to acquire a leading plastic component manufacturer that offers a single source solution to its customers’ needs, taking projects from concept to production with in-house design, state-of-the-art engineering, tooling, quality assurance, in-mold technologies and decorating, assembly and secondary operations.

Solution: Sale to Summit Equity Group

  • Nolan marketed Lomont’s strong market position, leveraging their diversity of equipment and capabilities, proprietary product lines, favorable markets exposure, one-of-a-kind internet solution and ecommerce sales platform, as well as their experienced management team as an attractive acquisition opportunity.
  • Included in the list of potential buyers was Summit Equity Group, a private investment group with a history of acquiring middle market companies and partnering with its holdings to deliver long-term growth, success and value.

Sell Side Process Results

  • Summit presented Lomont the best acquisition proposal which included a combination of favorable economics, certainty to close and operational/cultural considerations.
  • The Nolan process created a sense of scarcity, competition and momentum which resulted in potential buyers submitting their best bids to acquire Lomont.

About Nolan & Associates

Nolan & Associates is a boutique investment banking firm providing Mergers & Acquisitions and Capital Raise advisory services to middle market business owners and buyers.  Founded in 1976, Nolan is broadly recognized as a leading investment banking firm with Midwestern roots and global reach.  The Nolan team has completed hundreds of transactions in the middle market while working collaboratively from its offices in St. Louis, MO and Decatur, IL.

Securities offered through Middle Market Transactions, Inc.  Member: FINRA/SIPC.

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