NEW YORK, March 16, 2022–(Company WIRE)–Odyssey Expenditure Companions, LLC (“Odyssey”), a center-industry private equity organization, now announced that its Fund has acquired Pexco LLC, a leading North American engineered plastic ingredient supplier, from AEA Investors. One more Odyssey Fund earlier owned Pexco from 2012 to 2017. Economic phrases of the transaction have been not disclosed.
Based mostly in Atlanta with production plants in the United States and Mexico, Pexco provides extrusion, layout and fabrication of specialty plastic goods for a broad wide variety of purposes throughout a diverse array of conclusion-markets including site visitors security, lights, fluid handling, electrical insulation, privateness fence, and other specialty industrial markets.
Pexco CEO Sam Patel and the administration workforce will go on to lead Pexco and have invested together with Odyssey in the transaction.
Craig Staub, a Senior Running Principal at Odyssey, stated, “We are really familiar with Pexco and are thrilled to companion once again with its tested and knowledgeable management group. Pexco has evolved into a organization centered on a varied vary of industrial corporations with deep market relationships and stable need throughout eye-catching conclude marketplaces. Pexco has the potential to keep on scaling its small business by applying its special operational capabilities to deal with customers’ most demanding purposes. As Pexco proceeds to increase to new end markets and superior-functionality polymers, we glance forward to leveraging our methods to aid the company’s extensive-time period advancement and continued sector leadership.”
Jonathan Hall, a Principal at Odyssey, said, “Sam and his workforce at Pexco have accomplished a fantastic work since we past labored jointly – notably, executing 9 strategic acquisitions to improve the organization and capitalize on new current market prospects to broaden the company’s solution portfolio and geographic access. Their challenging function to strategically broaden functions, include capability, and push efficiencies has positioned Pexco in a sturdy position to capitalize on various natural and organic expansion possibilities in today’s industry ecosystem.”
Mr. Patel reported, “We are thrilled to welcome back again Odyssey Expenditure Partners as our bulk proprietor. Throughout our past partnership we benefitted thoroughly from the Odyssey team’s steering in creating and prioritizing the two natural and organic and inorganic growth initiatives, top to a incredibly effective result. We are quite delighted that Odyssey has when again acknowledged Pexco’s sizeable potential in its goal end markets. We search ahead to resuming our collaboration and continuing our advancement trajectory via the next chapter in Pexco’s storied historical past.”
Latham & Watkins LLP served as authorized advisor to Odyssey and KPMG served as economical advisor.
About Odyssey Expenditure Associates
Odyssey Financial commitment Partners, with places of work in New York and Los Angeles, is a foremost private equity financial investment organization with a more than 25-yr background of partnering with qualified managers to change center-sector providers into a lot more productive and diversified organizations with strong expansion profiles. Odyssey will make bulk-managed investments in industries with a very long-expression optimistic outlook and favorable secular tendencies. For further info about Odyssey, make sure you pay a visit to www.odysseyinvestment.com.
About Pexco LLC
Dependent in Atlanta with numerous plants throughout the United States and Mexico, Pexco is a North American leader in the style and fabrication of engineered plastic parts. It offers conventional and specialty pieces and elements to companies and conclusion-consumers for a broad assortment of tailor made purposes, which includes the specialty industrial, fluid-dealing with, lights, traffic protection, fence, and electrical insulation industries. Pexco delivers a full vary of tailor made structure, engineering, and fabrication solutions, such as ISO 9001:2015 registration, throughout its producing functions. For additional information and facts, check out www.pexco.com or call (770) 777-8540.
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