Blue Point Capital Partners and its Blue Point IV portfolio company, VRC Engineered Solutions, have acquired Cascadia Custom Molding. Blue Point expects the acquisition will expand VRC’s product offerings and geographic footprint while enhancing manufacturing capabilities and diversifying end markets served.
Blue Point partner Jonathan Pressnell said, “This acquisition strategically marks the next phase of growth for both VRC and Cascadia. Uniting the respective company visions and leveraging their combined capabilities, services, technologies and expertise across all locations will offer significant benefit to our customers. The geographic and end market expansion, along with the potential for cross-selling opportunities, makes the combined company well-positioned for growth.”
Dale Meyer, owner of Cascadia, commented, “We decided to partner with VRC, and Blue Point, because we could see the same philosophical approach and strategic fit between the companies, the management teams and our vision of the future for Cascadia.” P&M Corporate Finance (PMCF) served as financial advisor to Cascadia in the transaction.
“Our partnership with Blue Point is highlighted by their support in identifying the best, complementary capabilities to execute against our core growth strategies.” added VRC president Tom Gebhardt. “The Cascadia acquisition provides additional capabilities and synergies which allow us to offer a more diverse product portfolio and a one-stop-shop. I am excited to work with the collective team to continue to build a world-class organization rooted in operational excellence and superior customer service.”