Acquisition of Prototek Holdings LLC

Industrial
Acquisition of Prototek Holdings LLC

Summary

Baird served as financial advisor to Snow Phipps Group on this transaction

About

Snow Phipps Group ("Snow Phipps") has acquired Prototek Holdings LLC (“Prototek”), a portfolio company of CORE Industrial Partners (“CORE”). The terms of the transaction were not disclosed.

Snow Phipps is a private equity firm focused on lower middle-market control investments with $2.4 billion of total capital commitments raised since its founding in 2005. Snow Phipps generally focuses on companies across the Industrials, Business Services and Consumer industries and targets platform investments with enterprise values ranging from $100 million to $500 million. The Snow Phipps investment team collaborates with its Operating Partners and portfolio management teams to create value through an operationally focused strategy often led by organic or acquisition-driven growth. Snow Phipps is based in New York, New York.

Prototek is a leading national rapid prototyping services provider of CNC machined and sheet metal fabricated parts and components for a variety of end markets, including aerospace, defense, medical, robotics, electronics, consumer and general industrial. Prototek services a diverse customer base with numerous in-house manufacturing capabilities across four dedicated facilities located across the United States. Prototek is headquartered in Contoocook, New Hampshire.

CORE invests in North American lower middle-market industrial technology and manufacturing businesses. CORE’s team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience and a proven track record of building market-leading businesses. Through CORE’s capital, insight and operational expertise, CORE partners with management teams and strives to build best-in-class companies with lasting results. CORE is based in Chicago, Illinois.
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Industrial
Acquisition of Prototek Holdings LLC
Date
October 2020
Company
Snow Phipps Group
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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