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Sector

Value-Added Distribution

Industry

Rubber Seals, Gaskets & O-Rings

Transaction Type

Majority Recapitalization

Status

Prior Investment

Business Description

Based in Holiday, FL, Premiere Precision Components is a leading, value-added supplier of high-volume, custom manufactured molded rubber, plastic, and metal components such as seals, O-rings, gaskets, boots, assemblies, and bonded parts sold to a variety of end markets, including the communications, HVAC, pool & spa, and lawncare industries. Premiere Precision Components 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.

Transaction Overview

The founders of this privately held business partnered with KLH in a recapitalization to facilitate a partial liquidity event for the shareholders, while providing the company with a value-added partner and a capital structure designed to support management’s future growth plans.