Patriot Capital made a subordinated debt and equity investment in support of Blackford Capital’s merger of its existing portfolio company, Amtech Corporation, with McClarin Plastics, Inc.
Amtech Corporation, based in Wapato, WA, was acquired as a portfolio company of Blackford Capital in 2008. The company designs and manufactures custom molded fiberglass and vacuum formed products primarily for the transportation, construction and military end markets.
McClarin Plastics, founded in 1953 and based in Hanover, PA, is a manufacturer of thermoformed and fiberglass reinforced plastic components for the transportation and construction end markets. The combined business, now known as McClarin Plastics, LLC, results in a national operating platform with a stronger technical knowledge of the composites industry and engineering know-how, as well as a larger share of their overall end markets with a diversified customer portfolio.