Kouza Capital Acquires Empire Precision PlasticsMarch 17, 2022
The transaction is valued at $15 million (USD) and includes 100% of Empire’s equity securities.
“We are excited to add this dynamic and growing company to our portfolio of innovative businesses,” said Joseph Caradonna, chief investment officer of Kouza Capital. “Empire’s manufacturing capabilities and product mix mesh particularly well with the needs of our other portfolio companies and will help us achieve new supply chain efficiencies and enter new markets.”
Empire manufactures precision optics and plastic components for the industrial, consumer electronics, firearms and medical markets. It is a supplier to other Kouza Capital portfolio companies, including Plymouth, Michigan-based EOTECH, LLC, a leading manufacturer of electro-optic products and systems for the firearms industry.
The acquisition of Empire reflects Kouza’s investment philosophy of targeting established businesses with demonstrated profitability and strong management teams in place. Empire was founded in 1992 and operates out of a single 70,000 square foot manufacturing facility. In 2021, the Greater Rochester Chamber of Commerce included Empire on its list of the 100 fastest-growing companies in the Rochester and Finger Lakes, New York region.
Bodman PLC (Stephen P. Dunn, Joseph P. Michniacki and Kenneth R. Powell) served as legal counsel to Kouza Capital. Waterford Bank, N.A. provided financing for the transaction.
ABOUT KOUZA CAPITAL
Kouza Capital is a private investment firm that seeks to acquire, recapitalize and support the long-term growth of small to medium size businesses across a range of industry sectors. Kouza’s philosophy is to seek control situations in which it partners with incumbent management to create value over the long term. For more information, see www.kouzacapital.com.
ABOUT EMPIRE PRECISION PLASTICS
Empire Precision Plastics, Inc. is a leading provider of optics and precision molded plastic products to the medical, consumer electronics, industrial, and firearms industries. Founded in 1992, Empire has established a reputation for providing quality, cost-effective solutions that meet or exceed customers’ most challenging requirements. For more information, see www.empireprecision.com.