Blue Point Capital Partners (Blue Point) and its Blue Point IV portfolio company, VRC Engineered Solutions (VRC), has acquired Cascadia Custom Molding (Cascadia). The acquisition will expand VRC’s product offerings and geographic footprint while enhancing manufacturing capabilities and diversifying end markets served.
Blue Point and the VRC management team value Cascadia’s diverse customer base and focus on complex, low-volume parts, as well as in-house capabilities that further expand VRC’s tooling, materials, production and service capabilities.
Cascadia is VRC’s first add-on acquisition since Blue Point acquired the platform in August 2019. “The thesis supporting our investment in VRC was to provide unique resources to drive organic growth, while at the same time leveraging our M&A competency to expand the platform via acquisitions,” says Blue Point Partner John LeMay. “The Cascadia platform fits squarely within the key end markets and capabilities of our focused add-on strategy, and we are enthusiastic about the opportunities available to the combined company going forward.”
Read more at Private Equity Wire
