HC Private Investments Announces Partnership with Kruger Plastic Products

CHICAGO--(BUSINESS WIRE)--HC Private Investments (“HCPI”), a Chicago-based private investment firm, today announced that it has acquired Kruger Plastic Products (“Kruger”), a family-owned, custom injection molding manufacturer of niche products and components. Kruger’s senior management, including Pat Brandstatter, President, and Dirk Kruger, VP of Engineering, will maintain significant stakes in the company. Terms of the transaction were not disclosed. Kruger has been an integral part of its customers’ manufacturing process for more than 40 years by providing them with end-to-end, value-added injection molding solutions, from in-house production engineering and design, raw material sourcing, tool making, logistics, assembly and inventory management. Kruger currently serves customers across a variety of industries including consumer, industrial, and recreational vehicle end-markets. Kruger is based in Bridgman, MI and has approximately 100 employees. HCPI has identified numerous opportunities to accelerate sales growth through strategic investment in manufacturing capabilities and personnel to better serve Kruger’s existing customer base, as well as expand into new end markets such as medical products. Pat Brandstatter, said, “We are excited to be working with HCPI to build long-term value. We believe that HCPI’s experience and capabilities make them the ideal partner for Kruger to take advantage of the significant opportunities ahead while maintaining [...]

HC Technologies launches private equity firm led by John Kelly and Matt Moran

CHICAGO, June 19, 2017 (GLOBE NEWSWIRE) -- HC Technologies, LLC, a Chicago-based principal trading firm with offices in New York City and London, today announced the launch of its private equity arm, HC Private Investments (“HCPI”).  HCPI will make investments in lower-middle market manufacturing companies ranging in size from $10 to $100 million in enterprise value focused on consumer and industrial markets.  Typical equity investments will range in size between $5 million and $25 million. Led by veteran middle market investors, John P. Kelly and Matthew J. Moran, HCPI was founded as an alternative to the traditional private equity model given its highly patient and flexible capital base and long-term investment horizon.  HCPI provides business owners and management teams access to operational know-how through its network of seasoned operating executives, who have led publicly-traded and multi-billion dollar businesses, each with a track record of creating value. “I am delighted to be expanding our investment capacity with the launch of HCPI,” said Joe Niciforo, Managing Principal of HC Technologies, LLC.  “I have known John and Matt for years, and have always been impressed by their investing acumen and disciplined approach.  Under their leadership we anticipate an extremely selective, but expeditious investment [...]