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Today, CLA (CliftonLarsonAllen LLP), the eighth largest accounting firm in the United States, announced it helped PM Mold Company (PM Mold) find a new owner.

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Ian Sylvan, a managing director on CLA’s investment banking team and lead on the transaction, said, “We knew the PM Mold shareholders were weighing a variety of factors in the consideration of selling their business. We worked closely with the owners to help them meet their financial and non-financial objectives.”

Founded in 1963, PM Mold was founded by Olav Bradley and Norbert Hauck as a tooling only manufacturer. Today, the company operates out of two facilities in Schaumburg, Illinois with both tooling and injection molding capabilities. Larry Hauck, son of Norbert Hauck, and Tom White, Olav Bradley, and David Bradley were the company’s owners prior to the sale. Larry and Tom will remain partners and will continue to manage PM Mold post-closing.

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CLA’s investment banking team advises on the sale of PM Mold Company, a Midwest-based manufacturer of custom plastic injection molded parts and custom molds.

PM Mold, a highly regarded and well-established vertically integrated manufacturer of custom plastic injection molded parts and custom molds, has been acquired by NewCo Plastics, a portfolio company of White Wolf Capital. CLA served as the exclusive financial advisor to PM Mold. Terms were not disclosed.

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“We wanted to find the right organization to transition ownership to and one that would help us to continue growing the company. The new partnership with NewCo Plastics allows us to meet those objectives, and the role CLA played in getting us here was instrumental,” said Hauck and White.

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PM Mold provides a comprehensive suite of manufacturing services from product design to final shipment to its customers, operating in industries such as automotive, appliances, military, aerospace, electrical, consumer goods, and agriculture.

“The decision to sell the company was not an easy one, particularly since it was a part of our family for so many years,” said Hauck. “There were many objectives — personal, business, and financial — that we were focused on achieving.”

NewCo Plastics is a plastics manufacturing platform formed by White Wolf Capital to acquire North American plastic injection molding and manufacturing companies. PM Mold will join Hilco Technologies, a provider of thermoplastic and gas-assist injection molding, abrasion resistant hard-coating, and rapid prototyping services, in the NewCo Plastics platform.

Joe Baez, managing principal of office in CLA’s Greater Chicagoland region, had been working with the company for more than 10 years and brought in CLA’s investment banking team when they were considering the sale of their business. The transaction was a seamless effort completed with support from CLA’s investment banking, quality of earnings, tax, and outsourced accounting practices.