International advisory and consulting firm Stout has announced that its client, United Poly Systems, LLC (UPS), has been acquired by Industrial Opportunity Partners, LLC (IOP). Stout served as exclusive financial advisor to UPS in connection with this transaction.
UPS is a manufacturer of high-density polyethylene (HDPE) pipe for use in the oil and gas, water supply and telecom/power utility end markets. The company was founded in 2011 and operates out of two facilities in Springfield, Missouri, and Albuquerque, New Mexico.
“We are very pleased with the outcome of this transaction,” said UPS CEO Scott Franklin. “The UPS management team and I look forward to our partnership with IOP. We believe IOP brings valuable operational experience, which will assist us in enhancing all aspects of our business to support growth and better serve our customers. Stout did an outstanding job of finding the right partner for the company in IOP to continue its success and growth.”
“UPS has established a distinguished reputation as a leading provider of high-quality pressure and conduit pipe. The company is well-known for providing exceptional service and always putting its customers first,” said David Evatz, managing director and head of Stout’s Plastics & Packaging practice. “It was a pleasure working with UPS on this important transaction.”
Stout’s Chris Hannah, Sidarth Balaji and Brian Leichus assisted in executing the deal. Greensfelder, Hemker & Gale, P.C. acted as legal counsel to UPS.
For more information, visit www.stout.com.