After over forty years of running SSi Custom Plastics owner Greig Parks is preparing to retire from the business. Mr. Parks has engaged M&A Specialist, Equity Partners HG, to locate a buyer that will carry on his legacy of providing on time delivery of high quality products to his customer base of OEM boat builders around the world, and non-marine OEM’s in the northeastern U.S.
Established in St Mary’s County Maryland in 1974 by C.E.O. Greig Parks, SSi Custom Plastics has grown to be the premiere thermoformer throughout the country. Starting with four employees in a 5,000 sq. ft. building, manufacturing small sailboats and growing into a 75,000 sq. ft., 50 employee leader in the thermoforming industry. During the period of 2000 - 2008, SSi had a large expansion of its product line for boat builders. While the Company continued to develop proprietary products since that period, there has been much more concentration on the expansion of custom products for OEM customers.
SSi has distinguished itself from its competitors by providing excellent quality and service, and by working closely with customers to develop products efficiently and quickly. In this effort, SSi has worked with The Maryland World Class Manufacturing Consortium to incorporate lean manufacturing techniques and produces most products in a single piece flow.
According to Hank Waida, a Managing Director at Equity Partners HG, “This is an excellent opportunity to acquire a leading manufacturer of custom thermoformed plastic products for marine and other O.E.M.’s, with increasing annual revenue, loyal customer base, and a knowledgeable technical support and sales staff”.
Equity Partners HG, formerly “Heritage Equity Partners”, based in Easton, MD, provides investment banking services and has completed in excess of 400 engagements throughout the United States since 1988.