Carter Morse & Goodrich (“CMG”) is pleased to announce that it served as the exclusive financial advisor to National Integrated Industries, Inc. (“NII” or the “Company”) in its sale to Sumco, a division of Industrial Manufacturing Group (“IMG”). The acquisition will further expand IMG’s portfolio of manufacturing groups, currently consisting of Metal Processing, Recycling, and Finishing divisions with a geographic concentration across the Midwest and American South. Terms of the transaction were not disclosed.
Founded in 1950 and headquartered in Waterbury, CT, NII is a premier provider of manufacturing and plating services. The Company primarily operates through two divisions: American Electro Products (“AEP”), an electroplating specialist offering gold, silver, rhodium, palladium, nickel, and tin-lead plating, using a variety of techniques including barrel, reel-to-reel, selective, vibratory and spouted bed electrode (SBE) methods and American Plastic Products (“APP”), a custom injection molding division serving diverse industrial applications.
NII owner Sharon Burke commented, “I’m incredibly proud of the NII team and all we’ve accomplished. IMG is the ideal partner to unlock the next stage of growth for the Company, and the timing was right to make this transition. I want to thank the CMG team, as well as all of our other advisors, for their unwavering commitment throughout this complex process. Their guidance ensured we stayed on course and achieved this extraordinary outcome. It has truly been a pleasure working with this collaborative team of experts.”
Michael Carter, Managing Partner of CMG, commented, “We are honored to have represented Sharon on this important milestone and to support the NII team as they affiliate with a great partner positioned to accelerate the company’s future success. Since CMG’s founding, our focus has been on honoring the values of family-owned and founder-led businesses while also maximizing value. This successful outcome reflects the dedication and hard work of the entire NII management team, and we are excited about what lies ahead. We especially appreciated IMG’s collegial approach to acquiring a business that had been family-owned for fifty years, where there is naturally a great deal of emotion involved.”
Pullman & Comley served as NII’s legal advisor and CBIZ provided quality of earnings support for the transaction.
About Carter Morse & Goodrich
Located in Southport, Connecticut, Carter Morse & Goodrich is a boutique M&A advisory firm that specializes in representing middle-market founder-led and family-held businesses. CMG represents owners of leading companies in niche markets to plan, prepare, execute, and close successful transactions that maximize shareholder value. We fully understand and appreciate the unique dynamics of closely-held businesses and the importance of legacies. For more than 38 years, the combination of our hands-on approach, senior banker attention, strategic guidance, seamless transaction execution and extensive network of domestic and international resources has enabled us to become a trusted advisor to hundreds of business owners. For more information, visit at www.cartermorse.com.
About IMG’s Sumco
Headquartered in Indianapolis, IN, with an additional facility in Joliet, IL, Sumco Group provides precision electroplating for industries including automotive, residential, military, smart grid, solar, battery, and utilities. The Company specializes in various forms of plating including selective, piece, flash, and controlled-depth plating of tin, nickel, copper, silver, gold, and many other plating finishes. It is the largest independent reel-to-reel electroplater in North America. Renowned for quality, Sumco leads in complex plating projects with products that endure highly abrasive applications, performing at the highest levels. For more information, visit www.sumco.com.