Thomson Plastics Inc recapitalized by Altus Capital Partners L.P.

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Thomson Plastics, Inc. has been recapitalized by Altus Capital Partners, L.P.

Kerlin served as the financial advisor to Thomson Plastics, Inc. in a leveraged recapitalization by Altus Capital Partners. Thomson Plastics, headquartered in Thomson, Georgia, produces and supplies complex custom injection molded plastic parts through closely integrated operations with three core customers in the golf cart and lawn & garden industry. Thomson Plastics’ shareholders desired a liquidity event.

Kerlin’s “controlled auction” process enabled the shareholders to access the private equity investment community on a highly targeted, confidential basis with minimal disruption to the company’s day-to-day business operations. The final transaction included a combination of senior debt, mezzanine debt and sponsor equity. The transaction achieved a significant return over the original investment for the selling shareholders while providing management with a new equity participation incentive and fresh capital to support the future growth of the business.