Case History
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In choosing a partner, we focused on the quality and character of the people, their understanding of our industrial markets, and their willingness to support our strategy to do add-on acquisitions. We chose the Nautic team because we had confidence they met all three criteria. We definitely made the right choice and feel fortunate to have worked with them.
John Manzi, CEO, PEP Industries

PEP Industries

During Nautic’s partnership with the PEP, we worked closely with the management team to transition the business from low growth cyclical markets to high growth, more dynamic markets. During that same time frame, we worked with management to integrate a collection of disparate small companies into a fully integrated solutions company focused on medical and FDA compliant devices, electrical controls and power distribution applications. The company was sold to publicly traded NN, Inc. in 2015.

BUSINESS OVERVIEW

PEP is a leading manufacturer of highly engineered products and solutions for applications used in a variety of high growth markets. The company combines in depth material science expertise with advanced engineering and production capabilities to design and manufacture a broad range of high precision metal and plastic components and assemblies. PEP’s customers rely on their unique range of capabilities to ensure their products fulfill critical functionality and performance requirements for precision applications with a high cost of failure.  

THE SITUATION

PEP was originally a division of a British owned industrial conglomerate and was first sold as a collection of disparate businesses that operated autonomously and had significant end market concentration in the transportation markets. The company’s management team and technical capabilities were strong, but there was a need to package their technical capabilities and expand into new, high growth markets.   

WHAT WE DID

Nautic supported PEP’s management team to consolidate the operations and acquire over 10 add on acquisitions during our ownership period. These acquisitions allowed PEP to acquire management talent, technical capabilities and new customer relationships. What was a slow growth company with a concentration in the automotive industry, became a fast growing, fully integrated solutions provider selling into the medical, electrical controls and power distribution markets, among others.