Stout Advises on Sale of Oneida Molded Plastics

August 30, 2021

Stout announced that Oneida Molded Plastics, LLC (OMP), a portfolio company of Argosy Private Equity (Argosy), has been acquired by Cedar Ridge Holding Company. Stout served as exclusive financial advisor to OMP and Argosy in connection with this transaction.

OMP, headquartered in Oneida, NY, is a leading manufacturer of precision injection molded components primarily within the outdoor recreation and general industrial segments. OMP offers a full suite of design, manufacturing, decorating/painting, assembly, and other value-added services to its customers.

“We are very pleased with the outcome of this transaction,” said Keven Shanahan, Partner at Argosy. “We have enjoyed working with OMP’s management team during our ownership and believe that the company is well positioned to continue its success and growth with Cedar Ridge.” Argosy Private Equity, founded in 1990, specializes in providing capital and operating and financial expertise to lower middle market companies across a broad range of industries. Argosy partners with motivated management teams investing in companies with sustainable competitive advantages and attractive growth prospects.

“We’re excited to partner with OMP’s strong leadership team and employee base. They’ve done an incredible job building the business by producing high quality products with significant market share in the recreational outdoor industry,” said Blake Hermel, Managing Partner at Cedar Ridge Holding Company, which is a private investment company focused on building generational businesses in the lower middle market. Focusing on longevity and sustainability, Cedar Ridge partners with owners and management teams who share the core values of honesty, trust, collaboration, and hard work. A strong backing of family committed capital allows Cedar Ridge to work with people and operations with an indefinite time horizon.

David Evatz, Managing Director at Stout, added, “OMP has a strong and entrenched position within its core outdoor recreation segment and offers robust precision component manufacturing capabilities. It was a pleasure working with Argosy and OMP on this transaction.”

Stout’s Brian Leichus and Justin Gerszonovicz assisted in executing the deal.

See more information on our Investment Banking services or transactions in the Plastics & Packaging sector.

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