Stout Advises on Sale of Empire Precision Plastics to Kouza Capital
Stout has advised Empire Precision Plastics (“Empire”) on its sale to Kouza Capital, a Michigan-based private investment firm. Stout served as exclusive financial advisor to Empire in connection with the transaction.
Founded in 1992 and based in Rochester, NY, Empire manufactures precision optics and plastic components for the medical, consumer electronics, industrial, and firearms markets. The Company utilizes data-driven scientific molding to offer a suite of design support, mold manufacturing, and value-added services. Empire is a supplier to other Kouza Capital portfolio companies, including Michigan-based EOTECH, LLC, a leading manufacturer of electro-optic products and systems for the firearms industry. In 2021, the Greater Rochester Chamber of Commerce included Empire on its list of the 100 fastest-growing companies in the Rochester and Finger Lakes, NY, region.
“We are excited to add this dynamic and growing company to our portfolio of innovative businesses,” said Joseph Caradonna, Chief Investment Officer of Kouza Capital. “Empire’s manufacturing capabilities and product mix mesh particularly well with the needs of our other portfolio companies and will help us achieve new supply chain efficiencies and enter new markets.”
Michael Benson, Managing Director at Stout, who led the transaction, added, “We are pleased with the successful outcome for Empire’s team and look forward to seeing the synergies that Empire and Kouza can achieve by partnering together.”
Stout’s Chris Hannah, Steve Simone, Irune Andres, and Nick Darlington assisted in executing the transaction.
Merzbach & Solomon, P.C. served as legal counsel to Empire. Bodman PLC served as legal counsel to Kouza Capital and EOTECH. Waterford Bank, N.A. provided financing for the transaction.
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