Stout served as the exclusive sell-side financial advisor to Heartwood Partners Inc. and Parkway Products LLC in connection with Heartwood’s sale of Parkway to Clayens NP Group, a portfolio company of One Equity Partners.
Founded in 1946 and headquartered in Greenville, SC, Parkway is a leading manufacturer of complex, high-performance precision plastic and metal components and assemblies serving a diverse set of blue-chip customers who are distinguished leaders in attractive, growth-oriented end markets. Parkway’s robust offering of advanced technologies, including thixomolding, precision machined solutions, and high-performance polymers, as well as uncommon injection capabilities for both thermosets and thermoplastics, provides the company with a highly differentiated value proposition in the plastics manufacturing space. From its eight facilities in the United States and one in Mexico, Parkway serves clients in the precision industrial, infrastructure, agriculture, aerospace and electronics, transportation, and healthcare markets. The company has built an exceptional reputation and brand equity from its expertise in multiple synergistic process technologies and advanced materials expertise.