Macomb Township, MI – August 2019 – Hicks Plastics Company, Inc. of Macomb Township, MI; a leading Tier II provider of injection molded and metalized automotive forward lighting components, has been acquired by Sea Link International, a portfolio company of New Water Capital, L.P.
New Water Capital, L.P. is a private equity firm focused on lower-middle market companies in transition, in the consumer, retail and industrial manufacturing and services sectors, with revenues of $30 million to $300 million.
New Water Capital acquired Sea Link International in March of 2016. Sea Link is a leading provider of design support and a manufacturer of high-precision automotive lighting components servicing global Tier 1 and OEM customers. In 2017, New Water acquired Myotek Industries, a leading Tier 1 OEM transportation LED lighting designer, manufacturer, and supplier. In 2018, Amptech, Inc. was acquired, a leading value-added manufacturer of electronics and electrical assemblies. All three companies are focused on automotive lighting design.
“We are pleased to announce our partnership with Sea Link and are very excited about this new phase of our company’s evolution,” Tim Hicks, President of Hicks Plastics, said in regards to the transaction. “We look forward to continuing to support Hicks’ longstanding customers and believe this combination with Sea Link will allow us to better serve them in all facets of their operations.”
“The addition of Hicks Plastics to our automotive lighting platform will allow us to further integrate Sea Link’s in-house manufacturing and assembly capabilities,” said Sea Link President and CEO, Eric Showalter.
MBS represented Hicks Plastics in the transaction.
Excerpts from above were taken from New Water Capital’s press release.