June 2018 – Elkhart, IN – Thunderbird LLC, in partnership with Westbourne Capital Partners, has acquired the assets of Indiana Plastics and Kruis Mold & Engineering. Indiana Plastics and Kruis Mold & Engineering, based in Elkhart, IN, have been supplying its diverse base of customers with mold building and injection molding services for over 50 years. Indiana Plastics and Kruis Mold & Engineering will be consolidated with Williams Plastics (acquired December 2017) to form Thunderbird Plastics. The combined companies will operate out of two manufacturing facilities totaling over 180,000 square feet with 32 injection molding presses ranging from 85 to 660 tons.
About Westbourne Capital Partners
Westbourne Capital Partners works with family offices and high net worth individuals to deploy capital into direct investments in private companies, primarily through change of control transactions. Our primary focus is on deploying $3 to $10 million into each investment, focusing on companies with more than $10 million in sales, primarily in the manufacturing and food sectors. Our successful track record consulting with family enterprises makes us particularly well-suited to invest in family and founder owned businesses, particularly when ownership is concerned about the impact outside investors might have on the business and its stakeholders (i.e. employees, customers and suppliers). Given our unique capital sources and the varying interests of our family office partners, we are flexible and open to creative deal structures that best accommodate the needs of a business owner. Our investment horizon is longer than that of a traditional private equity firm. This long-term perspective allows us to build businesses, rather than relying on financial engineering or excessive leverage. Our family office partners have created significant wealth by building businesses in a variety of business sectors. Westbourne leverages the knowledge of our family investment partners in a collaborative partnership to create incremental value in each of our investments.
About Thunderbird LLC
Thunderbird was originally founded by Kevin Prunsky and John Newell to hold selected assets used by Pollution Control Industries (PCI), a business founded by Mr. Prunsky in 1986, which focused on finding ways to manage industrial waste utilizing the most advanced and environmentally beneficial technologies. Prunsky and Newell, the primary shareholders of PCI, decided to sell the company on May 30th, 2008 to Tradebe Environmental Services, a privately held Spanish corporation.
The partners have since shifted their focus to other businesses in manufacturing and industrial fields. Thunderbird specializes in American made companies manufacturing products for world markets in industries such as automotive, military, metal fabrication, semiconductor, power, firearms, etc.
Some of the companies Thunderbird has successfully invested in include:
· Metal Impact LLC – a producer of aluminum impact extrusions and manufacturer of cold forged steel products for the automotive, defense, healthcare and consumer electronics industries · F&B MFG LLC – manufacturer of highly specialized, precision based parts and sub-assemblies for the aerospace and semi-conductor industries