Mesirow Financial acted as the exclusive financial advisor to SeaStar Solutions ("SeaStar" or the "Company"), a portfolio company of H.I.G. Capital, in its acquisition of INCA Molded Products, Inc. ("INCA").
Based in Litchfield, Illinois, SeaStar (formerly Teleflex Marine) is a leading global provider of OEM and aftermarket products and accessories for the recreational marine and related markets. Sold around the world under the SeaStar, Sierra, BayStar, Shields, Detwiler, Prime Line and Proheat brands, the Company's products are recognized for their quality, reliability and technical innovation.
Yvan Cote, president and CEO of SeaStar Solutions said, "We are very excited about SeaStar Solutions' acquisition of INCA, which will further enhance our product offering to boat builders. Mesirow Financial was instrumental in identifying INCA's product offering as a complementary and synergistic add-on to our existing product portfolio."
Rocky Pontikes, managing director of Mesirow Financial, said, "We were honored to represent SeaStar Solutions and H.I.G. Capital on the INCA transaction. We believe the combination will add substantial value in the marine products market."
About SeaStar Solutions
SeaStar Solutions (formerly Teleflex Marine) is the leading global provider of OEM and aftermarket products and accessories for the recreational marine and related markets. Sold around the world under the SeaStar, Sierra, BayStar, Shields, Detwiler, Prime Line and Proheat brands, the Company's products are recognized for their quality, reliability and technical innovation. For more information, please refer to the Company's website at seastarsolutions.com.
About H.I.G. Capital
H.I.G. is a leading global private equity investment firm with more than $12 billion of equity capital under management. Based in Miami, and with offices in Atlanta, Boston, Chicago, Dallas, New York, and San Francisco in the U.S., as well as international affiliate offices in London, Hamburg, Madrid, Paris, and Rio de Janeiro, H.I.G. specializes in providing capital to small and medium-sized companies with attractive growth potential. H.I.G. invests in management-led buyouts and recapitalizations of profitable and well managed manufacturing or service businesses. Since its founding in 1993, H.I.G. invested in and managed more than 200 companies worldwide. The firm's current portfolio includes more than 80 companies with combined sales in excess of $30 billion. For more information, please refer to the H.I.G. website at higcapital.com.
INCA is the only global manufacturer of roto-molded marine fuel tanks who uses the industry leading RotoLoPerm® Technology. Fuel tanks made exclusively by INCA using this innovative multi-layer process offer the best solution in the marine industry, are fully compliant with the latest Environmental Protection Agency (EPA) Clean Air Act and Marine Fuel Tank Permeation regulations and are ready for immediate use. INCA's products can be found on many of the leading boats built in North America today. For more information, visit incaproducts.com.