XLCS Partners advises Microplastics in its acquisition of IVP Plastics
XLCS Partners., Inc, a leading middle market investment bank, is pleased to announce that it served as exclusive advisor to Microplastics, Inc. in its acquisition of IVP Plastics LLC.
Microplastics, headquartered in Saint Charles, Illinois, is a world-class insert molding manufacturer committed to producing high volume, highly engineered electromechanical interconnections and components. Founded in 1989, the employee owned contract manufacturer specializes in complex engineering applications for the automotive, medical, and electronics industries.
IVP Plastics, founded in 1953, is a contract manufacturer that specializes in high-quality injection molds in the thermoplastics industry with locations in Washington, Illinois and St. Louis, Missouri. The Tier I supplier serves the large construction, agricultural, and foodservice industries with a world-class client base.
“This acquisition will allow us to double in size and supports our long-term growth by acquisition strategy,” stated Jim Chiavetta, President of Microplastics. “Brian Ytterberg’s professionalism was a benefit when the deal hit a bump in the road. He was always a great advisor in both strategy and tactics. We are happy to have him on our team and look forward to more deals.”
XLCS acted as the exclusive M&A advisor to Microplastics and the transaction was led by Brian Ytterberg, Managing Director. The transaction was completed on September 13, 2019.
About XLCS Partners, Inc.
XLCS Partners is an investment banking firm providing M&A advisory services to select clients globally. More information is available at www.xlcspartners.com
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