Align Capital acquires Seabrook manufacturer Marco Rubber & Plastics
Recapitalization aimed at expanding company’s tech platform
Private equity firm Align Capital Partners has acquired Seabrook-based Marco Rubber & Plastics.
Financial terms weren’t provided.
Marco, which was founded in 1980, is a specialty distributor of elastomer components including O-rings and gaskets. It serves a variety of end markets around the world, including the aerospace, medical, semiconductor and chemical sectors.
Align said the acquisition and recapitalization will support sales and marketing functions and Marco’s “innovative” proprietary technology platform. Align also indicated it will be looking for add-on deals for Marco to augment its product offering and distribution footprint.
“Marco creating a technology platform unique to the sealing products market is helping rationalize the industry’s fragmented supplier and customer bases by reinventing the way O-rings and sealing components are purchased,” said Align managing partner Chris Jones.
Align has offices in Dallas, Texas, and Cleveland, Ohio.
Chad Belinsky, president of Marco, said the company was “looking for an investment partner who understands our market opportunity, believes in our technology platform and unique product offering, and brings clear growth resources to our business.: He added that because of Align’s “relevant specialty distribution experience, marketing and technology resources, and track record of successfully partnering with entrepreneurial management teams,” the firm “fit our needs perfectly.”