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.
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.