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.
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.
The 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.
Deal Team
We would also like to thank the external deal teams that worked on this transaction. We could not have completed this transaction without your tireless efforts. More specifically, we’d like to thank Benesch, Friedlander, Coplan & Aronoff, LLP, BrownWinick Law, and Corporate Finance Associates Worldwide.
“We are excited to have Riverside Plastics join the Sioux Chief family. We will quickly be able to integrate and realize enterprise synergies on many levels. The people, team, and culture at Riverside will be a great asset to our organization. From the beginning, MelCap worked with us by listening, communicating, and utilizing their extensive experience to lead us throughout the process. Their dedicated team remained engaged every step of the way and were focused and attentive to all parties involved. MelCap’s commitment and professionalism is unmatched.”
