- By: KLH Capital
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June 27, 2017 – KLH Capital is pleased to announce it has partnered with the owners of Premiere Seals (or “Company”) to complete a recapitalization of the business. Based in Holiday, FL, Premiere Seals is a leading, value-added supplier of high-volume, custom manufactured molded plastic, rubber, and metal components such as seals, O-rings, gaskets, boots, assemblies, and bonded parts to a variety of end markets, including the communications, HVAC, pool & spa, and lawncare industries. The Company was founded in 1998 by Gail and Robin Selby and is currently led by Mr. Selby and a management team who have over 40 years of collective industry experience.
Premiere Seals differentiates itself from its competition by providing value-added service at each step in the procurement process, simplifying the complex logistics of sourcing parts so that customers can focus on their core businesses. “Gail has successfully built Premiere Seals into a knowledgeable and dependable supplier” said Chris Hart, Partner. “We are pleased to partner with a proven leader as the Company expands with its existing customers and into new products and end markets.”
“We are excited about the KLH partnership and the Company’s next phase of growth” said, Gail Selby, President. “I look forward to working with KLH Capital as we execute our strategic initiatives.” KLH Capital financed the transaction in partnership with Plexus Capital and USAmeriBank.
For more information about this transaction, please contact Chris Hart (firstname.lastname@example.org).