Stout announced today that its client, AIM Plastics, Inc. (“AIM”), has been acquired by Medbio, LLC, a portfolio company of Graham Partners, a private investment firm based in suburban Philadelphia. Stout served as exclusive financial advisor to AIM in connection with this transaction.
AIM, founded in 1988 and headquartered in the Greater Detroit area, is a leading provider of low- to mid-volume plastic injection-molded components and ancillary services for leading medical device and life sciences companies.
“Our partnership with Medbio and Graham Partners represents a great cultural fit for our organization. It is exactly what we were looking for,” said Jim Jarrett, Co-Founder and President of the Technology Division of AIM. “The combination of AIM Plastics and Medbio offers our combined customer base access to a significantly broader range of capabilities and services than ever before. Together, we are poised to make a mark in the industry.”
Craig Fisher, Co-Founder and President of the Manufacturing Division of AIM, said, “[Stout Managing Director] Mike Benson and his associates at Stout brought an impressive mix of insight, guidance, and industry understanding to the complex process of selling our business.”
“In addition to the strong chemistry between AIM and Medbio management, this acquisition was a strong strategic fit with the potential for significant value-creation opportunities,” said Benson. “The combination of Medbio’s higher-volume manufacturing capabilities with AIM’s nimble, low- to mid-volume capabilities is compelling. Now, customers will have access to these different and specialized production attributes under one company.”
Stout’s Jeff Shippy and Tyler Skarstein assisted in executing the deal.
Honigman LLP and Molosky & Co. served as the legal advisors and deal counsel to AIM Plastics.
Stout’s Investment Banking Group provides mergers and acquisitions (M&A) advice, private capital raising, and other financial advisory services for private equity portfolio companies, closely held or family-owned businesses, and divisions of large corporate parents. Stout’s dedicated plastics industry practice includes experience with companies within the medical, packaging, industrial, and automotive markets and across various manufacturing and plastic processes. See more information on Stout's services in the plastics and packaging sector.