Yukon Partners supports Industrial Opportunity Partners acquisition of Toledo Molding & Die, Inc.
December 14, 2011 — Yukon Partners announced today that it has completed an investment in Toledo Molding & Die, Inc. (“TMD” or the “Company”). The transaction was an acquisition of the privately-owned business by Industrial Opportunity Partners (“IOP”) in partnership with TMD’s senior management team.
Headquartered in Toledo, Ohio, TMD is a full-service automotive supplier that designs, develops and manufactures highly engineered molded thermoplastic components and assemblies such as interior cockpit modules and air and fluid management products. TMD also designs and builds molds and related tools for its injection and blow molded components. The Company has approximately 1,000 employees and operates out of six facilities in Ohio.
“Yukon created tremendous value for IOP in this transaction. Their prior experience in the automotive supplier industry allowed Yukon to rapidly assess the opportunity and, thereby, quickly put forth a strong financing proposal that helped IOP to become the winning bidder for TMD. We are happy to have the Yukon team as our partners in this company” stated Adam Gottlieb, Managing Director and Founding Principal of IOP.
“TMD’s experienced and impressive management team and IOP’s value-added operating expertise were powerful factors in our decision to invest. We look forward to working with IOP and TMD’s management team to further the Company’s success.” said Michael Hall, a Managing Partner at Yukon.
About Yukon Partners
Yukon Partners (www.YukonPartners.com) is a mezzanine finance firm dedicated to serving middle market private equity sponsored business transactions with a typical investment range of $10 to $40 million in the U.S. and Canada. The transactions in which Yukon invests include Buyouts, Growth and Platform Strategies, Recapitalizations, Mergers/Acquisitions, Public to Private Buyouts, and Refinancings.
About Toledo Molding & Die, Inc.
Toledo Molding & Die, Inc. is a leading Tier 1 and Tier 2 supplier specializing in interior and fluid management systems for the automotive industry. TMD utilizes state-of-the-art product development capabilities to provide full service design solutions to meet its customers’ needs across a wide spectrum of automotive sub-systems. TMD utilizes a broad range of manufacturing processes, including in-house mold design and construction, injection molding, blow molding, and complex assembly and sequencing to produce and deliver high-quality parts, just in time to its many global automotive customers. TMD’s world-class operating performance is evidenced by its TS16949 and ISO9001 quality certifications, its many customer awards and its growing customer base. For more information, visit TMD’s website at www.tmdinc.com.
For more information, please contact:
Michael J. Hall
Yukon Partners
612-435-7802
info@yukonpartners.com