Imperial Plastics is a $60 million custom plastic injection molding business that provides highly engineered component parts to the recreation, medical, dental, automotive, building products and consumer industries.
Founded in 1968 and located in Lakeville, Minnesota, Imperial is led by a strong management team that produces industry leading results.
Why Did Imperial Hire Nolan?
Imperial’s owner sought a liquidity event that would provide our client a continued operating role and significant ownership position in the business, preserve Imperial’s independence and satisfy estate planning needs.
Imperial’s owner was also interested in securing a partner with the resources to support Imperial’s aggressive strategic acquisition plan going forward.
What Value Did Nolan Deliver?
Nolan conducted a confidential sale process that included the most logical private equity sponsors that could help accomplish our client’s goals.
Nolan marketed Imperial’s best-in-class performance, efficient operations, unique international sourcing capabilities and proven management team to generate strong investment interest for Imperial.
Nolan’s controlled process created a market for Imperial that yielded 10 indications of interest and 5 letters of intent.
Imperial’s owner chose Goldner Hawn Johnson & Morrison as the investor that brought the best cultural fit and economic terms to the table for Imperial.
The transaction also provided Imperial $20 MM to fund Imperial’s aggressive strategic acquisition program.
