Edgewater Capital Announces the Acquisition of Leeco Industrial Plastics, Inc. by its portfolio company, TRITEC Performance Solutions
Cleveland, Ohio and Giddings, Texas – 2018. Edgewater Capital Partners (“Edgewater”) announces the acquisition of Leeco Industrial Plastics, Inc. (“Leeco”), located in Giddings, TX, by its portfolio company, TRITEC Performance Solutions (“TRITEC”), boosting TRITEC’s reach, end-market access, manufacturing capability, and product line.
“Leeco brings a heritage of 20+ years of manufacturing and machining high quality, custom, tight tolerance industrial parts that complement TRITEC’s current offering. In addition, their Gulf Coast presence further expands TRITEC’s footprint in a key geographical region. We are very excited to add them to the TRITEC family and to be able to offer our customers even more exceptional solutions,” said TRITEC’s CEO, Marcus Pillion.
“We are enthusiastic about Leeco joining the TRITEC and Edgewater families. Leeco has a reputation for unique products, primarily made of PTFE and PEEK materials, which matches Edgewater’s focus in performance materials and engineered component businesses. We’re excited to support both companies in reaching their next stage of success as a combined organization. This marks Edgewater’s sixth acquisition in the Engineered Components space, an attractive market where we continue to devote investment resources,” said Bob Girton, Partner, Edgewater.
ABOUT EDGEWATER CAPITAL
Edgewater Capital Partners, headquartered in Cleveland, Ohio, is a sector-focused private equity firm investing in lower middle-market performance materials businesses. Edgewater has extensive experience and expertise in niche manufacturers of specialty chemicals, pharmaceuticals, and engineered substances. Twenty years of industry-specific investing has allowed us to develop a deep understanding of the complexities and nuances common to these businesses. We are strategic, patient capital looking for opportunities to partner with owner-operators, management teams, and employees in developing, enhancing, and growing market-leading businesses. Further information at www.edgewatercapital.com.
ABOUT TRITEC PERFORMANCE SOLUTIONS
TRITEC is a world-class leader in the engineering and manufacturing of solutions that make great machines even better. TRITEC’s product portfolio includes seals, bearings, lubricants, and other critical components developed with proprietary materials to enhance product performance and give a competitive edge to its customers over their competition.
TRITEC’s products are sold to a variety of end-markets, including consumer products, heavy industries, motorsports, chemical processing, medical, mining, oil & gas, and agriculture. See more: http://www.tritec-ps.com/