New York, NY, September 7, 2017 – MidCap Advisors, a national mergers and acquisition firm based in New York, announced today that Align Capital Partners (Align) has invested in Pleatco, LLC (Pleatco) of Glen Cove, NY, in partnership with existing ownership. MidCap Advisors served as the exclusive financial advisor to Pleatco and the transaction was led by John Poppe, Partner of MidCap Advisors.
“Pleatco is a designer and manufacturer of engineered filtration products for pools and spas and since acquiring Pleatco in 2006, CEO Howard Smith has transformed the company into the industry leader,” stated John Poppe. “The combination of Howard’s leadership, the strong management team he has developed, and the track record of Align executives will further accelerate the company’s already very impressive growth.”
“Since the day we acquired Pleatco, MidCap has been right there with us as a highly-trusted advisor,” said Smith. “Their team thoroughly understands our business and operating culture, and it’s that understanding that has enabled MidCap to assist us with identifying an excellent partner for our next phase of growth.”
“We look forward to continuing to work together with Howard and his team and following the company’s continued success,” concluded Poppe.
About MidCap Advisors
MidCap Advisors is a middle market mergers and acquisitions firm focused on advisory needs of clients throughout the United States. MidCap provides a complete range of services, including sell-side and acquisition advisory, capital structure advisory, growth capital direct investing, and transition planning to assist clients in maximizing value. The firm has deep industry knowledge and a commitment to optimizing results.
For more information, please call John Poppe, Jr. at (212) 722-7163 or see www.midcapadvisors.com.
MidCap Advisors, LLC
John D. Poppe, Jr., Managing Partner