Sioux Chief Manufacturing

Company Description

The Sioux Chief Group of Companies (“Sioux Chief” or the “Company”) is a diversified manufacturing organization comprised of various areas of operational expertise, which include: injection molding, pipe extrusion, tube forming, production machining, stamping, and wire bending. Currently, Sioux Chief maintains 7 manufacturing facilities in 5 states, as well as Canada. Each business within Sioux Chief’s organization is dedicated to a specific value proposition within a certain industry. Furthermore, over the last several decades, Sioux Chief and its subsidiaries have successfully identified, acquired, and integrated 9+ operating businesses into its family of companies. The Company’s flagship business, Sioux Chief Manufacturing, is headquartered in Kansas City, Missouri – was founded in 1957 – and is one of the nation’s largest, family-owned, manufacturer of rough plumbing products for residential, commercial, industrial, and municipal applications.

Target Description

MelCap’s concerted buy-side search efforts led to the identification and acquisition of Riverside Plastics, Inc. (“RPI” or the “Target”). RPI is based in Bonaparte, Iowa, and provides thermoplastic injection molding, engineering / design, and tooling services to customers across a variety of different industries.

Services Provided

MelCap Partners served as the exclusive investment banker and financial advisor to Sioux Chief through an extensive acquisition search. The acquisition search was focused on adding to the Company’s current injection molding capabilities, as well as expanding its geographic reach. MelCap Partners identified the target, negotiated the terms of the transaction, and managed the Company’s due diligence efforts, from initial outreach through consummation of the transaction. We’d like to thank Sioux Chief for hiring MelCap Partners to assist them throughout the acquisition process.

Result

Sioux Chief’s acquisition of RPI represents meaningful injection molding capacity expansion that will be utilized throughout Sioux Chief’s entire organization. RPI also represents a strategic addition to the Company’s current manufacturing footprint – which will allow Sioux Chief to more fully serve its growing domestic and international customer base. RPI adds more than 70,000 square feet of manufacturing capacity to Sioux Chief’s existing organization, which currently includes more than 1 million square feet of manufacturing space in Kansas City, as well as additional manufacturing locations in Canada, Indiana, Michigan, Ohio, and South Carolina.

About Globalscope Partners Ltd.

MelCap Partners is also a partner in Globalscope Partners Ltd., (www.globalscopepartners.com), an international M&A network with 55 firms in 49 countries. Globalscope is a leading group of investment bankers and business advisors supporting clients in domestic and international M&A transactions.

We know the big events concerning your business are hard, especially if family is involved, and that’s why our team is ready to help so you don’t have to go through the process alone. We’ll help you navigate any challenges that come your way so you can successfully meet your goals and objectives.

If you’re ready for help taking the next step in pursuing your goals, we’d love to use our experience to get you there. We know that getting to this point hasn’t been easy and we’re here to walk you through the process. If you’re ready to start, we’d love to have you connect with one of our professionals today.