Stout announced that Gary Platt Manufacturing, a portfolio company of PCM Companies and Northstar Capital, has been acquired by CVF Capital Partners , a Davis, CA-based private equity firm. Stout served as exclusive financial advisor to PCM, Northstar, and Gary Platt in connection with this transaction. 

Gary Platt, headquartered in Reno, NV, is a leading manufacturer of custom seating products for the casino industry, including seating for slots, table games, poker, bar-top, sportsbook, bingo, and hospitality. Gary Platt seating products are well-known in the industry and located in virtually every casino in North America. Joe Esposito, President & CEO of Gary Platt, said, “The outlook for the casino and gaming industry is bright as more states introduce new gaming options, including new casinos and sport betting venues.”

“We are very pleased with the outcome of this transaction,” said Michael Davies, Principal at PCM. “Stout did an outstanding job of finding the right partner in CVF to continue the company’s success and growth.”

David Evatz, Managing Director at Stout, added, “Gary Platt has built a leading brand and manufactures some of the most popular and recognizable seating products in the casino industry. It was a pleasure working with Gary Platt, PCM, and Northstar on this transaction.”

Stout’s Sidarth Balaji and Ryan Bowles assisted in executing the deal.

PCM Companies is a holding company based in Minnesota’s Twin Cities metropolitan area, specializing in the acquisition of high quality middle market companies. Northstar Capital, based in Minneapolis, invests in a broad range of businesses located in the United States and Canada.

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