DALLAS, Aug. 8, 2018 /PRNewswire/ -- Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Rapid Production Tooling Inc., to RL Hudson & Co. The acquisition closed June 29, 2018.
Rapid Production Tooling, based in Berthoud, Colorado, manufactures high-end steel and aluminum molds for the injection molding industry. The company has a reputation for excellence among a variety of industry segments, including healthcare and medical devices, electronics, recreational equipment, plumbing products, fitness equipment, custom molders and more.
RL Hudson is a custom rubber and plastic parts manufacturer located in Broken Arrow, Oklahoma. It creates parts for key segments like medium/heavy trucks, outdoor power equipment, power sports and off-highway vehicles, recreational marine and agriculture, among others. The acquisition will allow RL Hudson to leverage additional technology and capability to provide turnkey service to customers.
"We are delighted to be able to join forces with Rapid Production Tooling," said Rick Von Drehle, President and CEO of RL Hudson. "Rapid is a terrific company with great people, technical capabilities and equipment. For RL Hudson, the acquisition of Rapid will enable us to move faster and with much better precision in our plastic injection molding business."
Generational Equity Senior Managing Director Stephen Crisham's team, led by trusted affiliate David Lewis with support from Managing Director Mike Meredith, successfully closed the deal. Executive Managing Director Edward Weber established the initial relationship with Rapid Production Tooling.
"Working with both the Rapid Production and Hudson executives was a pleasure," said Lewis. "I know the relationship will be rewarding and profitable for both entities."
About Generational Equity
Generational Equity, DealForce, and Generational Capital Markets, member FINRA/SIPC, are part of the Generational Group, which is headquartered in Dallas and is one of the leading M&A advisory firms in North America. With over 250 professionals located throughout North America, the companies help business owners release the wealth of their business by providing merger, acquisition and strategic growth advisory services. Their four-step approach features exit planning education, business valuation, value enhancement strategies, and M&A transactional services.
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SOURCE Generational Equity