Horizontal color image of futuristic factory. Industrial aisle surrounded by modern machines which having busy robotic arms with molding shapes and producing plastic pieces for variety of industry. Factory production line interior where working large group of robotic machines working on injection molding and providing work for human. Futuristic modern machines having the monopole of all work and taking the place of human work. Labor intensive production line with manufacturing equipment - boxes, crates, crane, packages, pallets, space for copy.

Nolan & Associates is pleased to announce that it exclusively advised Summit Equity Group and its Portfolio Company, Lomont Molding, LLC, in its acquisition of R&D Molders, Inc.

“We were seeking capacity for immediate expansion and an existing workforce within a limited geographic area of Texas on a very tight timeline – all for the purpose of better serving Lomont’s growing customer base in that area. The mission was accomplished in every respect with our acquisition of R&D Molders. The Nolan Team did a superb job in short order.”

– Jason DeStigter, Co-Founder, Summit Equity Group

St. Louis, MO – (April 3, 2017)  Nolan & Associates is pleased to announce that it exclusively advised Summit Equity Group (Summit) and its Portfolio Company, Lomont Molding, LLC (Lomont), in its acquisition of R&D Molders, Inc. (R&D Molders).

About Our Client: Summit Equity Group and its Portfolio Company, Lomont Molding, LLC

  • Summit Equity Group is a private investment group based in Des Moines, Iowa that was founded in 2004 for the purpose of identifying and acquiring small to medium sized private companies and providing them the resources necessary to realize their full potential.
  • Summit seeks acquisitions of companies that are currently successful but have either maximized their current potential or require new leadership and strategic management due to the exit or retirement of the current owner.
  • In August 2014, Summit acquired Lomont Molding, LLC, a provider of custom and injection molding and proprietary lines including concrete accessories and custom industrial signage.
  • Founded in 1982 and based in Mt. Pleasant, Iowa, Lomont operates 24 hours a day, seven days a week from a 125,000-square foot manufacturing facility with over 150 employees.
  • Nolan exclusively advised Lomont’s owners in its sale to Summit. Read the full details of the previous acquisition here.

Objectives of Summit Equity Group

  • Within 24 months of its acquisition of Nolan’s client, Lomont, Summit was in need of an operating injection molding plant with capacity for immediate expansion and workforce in place to better serve Lomont’s rapidly growing customer base along the Dallas-Austin, Texas corridor.

Solution: Acquisition of R&D Molders

  • Founded in 1974 and operating from a 60,000-square foot facility near Austin, Texas, R&D Molders is a family-owned and operated business with first class manufacturing operations, equipment, and talent. R&D also operates a 5,000-square foot tool room and a 5,000-square foot assembly room for additional capabilities.
  • R&D Molders provides custom blow molding, injection molding, tooling and associated secondary services to a variety of customers for a variety of applications, and strives to stay at the forefront of the latest technologies utilizing advanced equipment including shuttle style blow molders and custom automated work cells.
  • R&D Molders has successfully produced solutions for the Medical, Industrial, Consumer Goods, Sporting Goods, Electronics, GSA/DOD, Home & Garden and Energy sectors.

Buy Side Process Results

  • Summit hired Nolan in Q4 2016 to identify and immediately acquire an operating injection molding business in a narrow geographic area of Texas on a very tight timeline for Lomont.
  • R&D Molders was one of several qualified prospects delivered by Nolan’s buy side efforts in the targeted geographic area within the desired timeline. Summit and Lomont closed on its acquisition of R&D in Q1 2017.
  • The acquisition will ultimately strengthen Lomont’s current physical footprint from Iowa to Texas and allow it to immediately better serve a rapidly growing customer base in the southern United States.

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.

Lanter Delivery Systems Completes Second Acquisition in 5 MonthsNolan Advised Summit Equity Group and its Portfolio Company, Lomont Molding, in its Acquisition of R&D Molders