January 10, 2024 – CriticalPoint is pleased to announce that it represented Thermosource Tooling and Manufacturing (“Thermosource” or the “Company”), a supplier of thermoformed food packaging products, on its sale to AmerCareRoyal, a portfolio company of HCI Equity.
Founded in 2004 and headquartered in El Segundo, California, Thermosource is an integrated design and manufacturing company supplying thermoformed packaging products to the food service, food production, and grocery industries. The Company has an innovative portfolio of custom designed products that it engineers to meet specific use cases and customer needs. Thermosource leverages a network of global suppliers to develop cost-effective, high-quality products that can quickly move from design to large scale production. The Company provides its products to customers nationwide through its efficient warehousing, distribution, and logistics operations. To learn more about Thermosource, please visit www.thermosourcetooling.com.
“CriticalPoint did an outstanding job of preparing for a transaction, weighing our options with various investor groups and selecting a transaction partner who will help us achieve our next phase of growth,” stated Paul Smith, CEO of Thermosource. “Their patience and guidance helped us find a great partner in AmerCareRoyal that we are excited to work with.”
Matt Young, CEO & Founder at CriticalPoint, added, “Paul and his team built a great business over the last 20 years. We are excited for Thermosource’s continued growth as a part of AmerCareRoyal and to see what the two companies can accomplish together.”
CriticalPoint served as the exclusive financial advisor to Thermosource in connection with the deal. The transaction, led by Matt Young and Nick Cipiti on behalf of CriticalPoint, demonstrates the firm’s expertise in middle market transactions and commitment to act as a trusted advisor with proven abilities to deliver for its clients.
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Headquartered in Los Angeles, CriticalPoint executes, sources, and invests in deals for the traditionally underserved middle market. CriticalPoint uniquely combines the best of both investment banking and private capital service offerings. Since our founding in 2012, our mission has been to serve the needs of owners, entrepreneurs, management teams, and stakeholders with our experience, knowledge, and expert judgment, to help them realize their companies’ greatest potential.
Messrs. Young, and Cipiti are Registered Representatives of, and Securities Products are offered through CriticalPoint Partners, LLC Member FINRA , SIPC . Any testimonial or endorsement may not be representative of the experience of other customers and is no guarantee of future performance or success.