Align Capital Partners (ACP), a private equity firm, which specializes in custom sealing solutions through Marco Rubber & Plastics, has recently acquired American Seal & Packing (AS&P), a distributor of specialized O-rings, seals, gaskets, and vee packing, with a particular emphasis on products utilizing specialty graphite.

Based in Santa Ana, CA, AS&P serves a wide range of industries such as aerospace, utilities, oil & gas, chemicals, and wastewater. It predominantly operates through its online distribution platform and caters to over 750 clients. AS&P was founded by David Steadman in 1989, and he will remain involved to ensure a smooth transition.

David Steadman, Owner and President of AS&P, expressed enthusiasm for the partnership: "We are thrilled to join forces with Marco, a market leader that shares AS&P's vision of delivering high-quality products and customer service, and that recognizes the potential of e-commerce in our industry."

This acquisition allows Marco to expand its product portfolio and client base, creating opportunities for growth across various industries. The expertise of AS&P in flexible graphite and vee packing products further enriches Marco's offerings for its customers.

Marco's CEO, Marty Daley, highlighted the alignment of AS&P's online presence with their digital strategy and emphasized the enhancement of their product portfolio: "AS&P's complementary product offering enhances our ability to continue delivering a broad set of value-added products and services to our growing customer base. We are excited to partner with Dave and the AS&P team through this next phase of shared growth."

ACP initially acquired a majority stake in Marco Rubber & Plastics in February 2020 and has since undertaken several strategic acquisitions to augment their offerings. They intend to continue pursuing such strategic acquisitions to further expand their product range and geographic reach. The transaction was facilitated by ACP Managing Partner Chris Jones, Vice President Matt Bowen, and Associate Ben Bryles, working alongside Marco Management.

 

Source: businesswire.com

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