We are pleased to announce that SRP Advisors, LLC initiated the transaction and acted as financial advisor to Protective Industries, Inc. (d/b/a Caplugs) in connection with the acquisition of Evergreen Scientific, Inc. Founded in 1948 in Buffalo, NY, Caplugs has been a leader in the product protection industry for over 60 years manufacturing caps, plugs, tubing, containers, edge liners, fasteners, netting, masking and many other plastic products. The Company specializes in injection molding, vinyl-dip molding and plastic extrusion, producing approximately 2 billion pieces per year for use in a wide range of industries. With facilities in New York, Pennsylvania, Texas, California and China, Caplugs is a trusted global partner for its customers. Based in Los Angeles, CA, Evergreen Scientific designs and manufactures disposable and reusable plastic products used in clinical chemistry, microbiology, cytology, histology, and life science. The Company’s products are used worldwide in clinical, biotechnology, veterinarian, industrial, educational, and pharmaceutical laboratories. Evergreen offers one of the broadest product lines in the markets it serves with over 1,000 products including microplates, strips, films, columns, cuvettes, storage containers, pipet tips, tubes, vials, specimen containers, caps, cassettes, storage boxes, and racks.
This transaction extends the successful track record of SRP Advisors working with leading companies in the medical and life sciences market.
For more information about this transaction or the merger and acquisition advisory services of SRP Advisors, LLC, please contact Sean Prendergast, Managing Partner at 818-514-8959.
About Safe Fleet
Headquartered in Belton, MO, Safe Fleet owns a portfolio of brands that provide increased functionality and integrated solutions for fleet vehicle manufacturers and operators around the world. These brands serve five major markets including: emergency services, bus and rail, truck and trailer, utility, and industrial. With 1000 employees, the Safe Fleet family of brands operates almost 600,000 square feet of manufacturing space and targets markets with increasing demand for operator, passenger, and pedestrian safety. Safe Fleet is a portfolio company of The Sterling Group, based in Houston, TX. For more information about Safe Fleet please visit www.safefleet.net.
About SRP Advisors, LLC
SRP Advisors, LLC provides merger and acquisition advisory services to both buyers and sellers of middle market companies. SRP Advisors works with owners of private companies across all industry segments who might be interested in exploring alternatives for their company such as a full or partial sale of the business, an investment in the business from a private equity group, or a transition of ownership to management or the next generation of family. SRP Advisors also provides strategic acquisition advisory services for public, private and private equity sponsored companies looking to grow their business through mergers and acquisitions. Contact Sean Prendergast, Managing Partner at 818-514-8959.