The acquisition expands NMG’s domestic plastics manufacturing capabilities.
BOCA RATON, Fla.—Middle market private equity firm New Water Capital reported that its portfolio company, Nelson Miller Group, has completed the acquisition of Injection Works. Injection Works is a Mount Laurel, New Jersey-based provider of complex, custom thermoplastic injection molded plastic components and assemblies for customers in medical, industrial, and electrical end-markets, among others.
New Water Capital said in a release that Injection Works will join together with current New Water portfolio company Nelson Miller Group (NMG), a full-service provider of engineering, manufacturing, and supply chain services. Nelson Miller Group focuses on supporting high-reliability applications across industrial, IoT, medical, lighting, and aerospace industries.
The acquisition, which represents NMG’s second add-on investment, expands the platform’s North American manufacturing footprint and capability set. It is expected to further enable its ability to deliver highly–engineered, custom solutions to its customers.
Injection Works, founded in 1988 by Chris Rapacki, has provided custom thermoplastic injection molded products and associated services to its customers for more than 35 years. The company focuses on providing value to its customers not only through its manufacturing abilities, but through the offering of value-added engineering and design support, along with secondary assembly and other processes.
“Injection Works provides a key manufacturing capability that will allow NMG to offer a broader range of products and further our goal of having more control over the supply chain, while also being geographically close to our customers,” said Jim Kaldem, president and CEO of Nelson Miller Group, in the release. “Additionally, the acquisition allows us to do more for our customers, which will continue to fortify the long-term relationships with existing customers who value Injection Work’s innovative thinking, engineering expertise, and ability to deliver complex solutions.”
In the release, Injection Works Co-Founder and CEO Chris Rapacki said, “Nelson Miller Group shares in our commitment to our customers and employees, which is built on years of trust delivered through quality and dependability. By joining NMG, Injection Works opens the door to new technologies, engineering solutions, and supply chain support for our customers.”
New Water Capital L.P. is a private equity firm focused on lower-middle market companies in the consumer products and industrial manufacturing and services sectors with revenues of $30 million to $300 million. New Water Capital said its collaborative transaction and operating model is built specifically to support companies in transition, building on their unique cultures and strengths.
“We are excited to welcome Injection Works to the platform,” said New Water Capital Principal Matt Carlos, in the release. “Chris and Injection Works have built an exceptional reputation over the years, and we are eager to partner with them to continue to grow its legacy and achieve a new level of success for its customers, employees and the entirety of the Nelson Miller Group.”