Acquisitions will Expand Services, Deepen Life Sciences Capabilities and Establish West Coast Presence

Sheridan Capital Partners (“Sheridan”) today announced that its portfolio company, Currier Plastics (“Currier”), has completed the strategic acquisitions of medical contract manufacturing businesses Springboard Manufacturing (“Springboard”) and MOS Plastics (“MOS”). Both businesses will be fully integrated into Currier. Terms of the transactions were not disclosed.

Springboard, based in Rancho Cordova, California, serves blue chip life sciences customers with contract manufacturing services, including custom-molded precision components, tooling and assembly. Springboard has more than 200 employees operating across two facilities totaling 140,000 square feet, including meaningful Class 8 cleanroom space.

MOS is a San Jose, California-based contract manufacturer, providing custom-molded precision components, tooling and sub-assemblies, primarily to pharmaceutical, medical technology and diagnostic customers. MOS has over 120 employees operating in one facility with 55,000 square feet, featuring Class 8 and Class 7 cleanroom manufacturing and device assembly.

“We are very excited to integrate Springboard and MOS into the Currier business,” said Currier CEO, Andrew McLean. “Our customers will benefit from the addition of significant cleanroom capacity, adjacent services, a West Coast footprint, and strong expertise serving pharmaceutical, medical device and diagnostic customers.”

“The additions of Springboard and MOS will strengthen Currier’s position as a valued partner to a wider array of life sciences customers while also resulting in significant economies of scale,” said Sean Dempsey, Co-founder and Partner at Sheridan. “Completing these acquisitions so early in our ownership period accelerates our value creation plan for Currier while also providing new opportunities for employees and customers of the combined business.”

John Weber, former CEO of Springboard, has joined the Currier Board of Directors as part of the transaction. In addition, previous Springboard owner, HC Private Investments, has become a material Currier shareholder, demonstrating their conviction in the strength and prospects for the combined companies.

“Both Springboard and MOS will be better positioned to realize their full potential as part of Currier, benefiting from a dedicated sales force that neither business previously had, as well as operational resources that have enabled Currier to earn its strong reputation for quality and service,” added Weber.

The transactions were led by Sean Dempsey, Michael Bernard, Brian McGregor, and Dimitri Kallioras at Sheridan Capital Partners. McDermott Will & Schulte LLP served as legal counsel to Sheridan Capital Partners and Currier. Debt financing was provided by Fidelity. Winston & Strawn LLP served as legal counsel to Springboard and HC Private Investments. MBS Advisors served as financial advisor and Ramsey Law Group served as legal advisor to MOS Plastics.

About Sheridan Capital Partners

Sheridan Capital Partners is a private equity firm focused exclusively on partnering with businesses across the healthcare landscape, including outsourced services, products and manufacturing, providers, and software and technology. Sheridan’s engaged operational approach brings strategic resources and deep industry expertise with the purpose of accelerating growth, building enduring value, and generating strong results. For more information, visit www.sheridancp.com.

About Currier Plastics

Founded in 1982 and based in Auburn, New York, Currier Plastics is a contract manufacturer primarily serving life sciences customers with custom, precision plastic components in Class 7 and Class 8 cleanrooms, as well as value-added services such as design engineering, material selection, and cleanroom assembly. For more information, visit www.currierplastics.com.

About HC Private Investments

HC Private Investments is a private equity firm focused on making investments in consumer and industrial manufacturing businesses. With a focus on being the first institutional investor in a business, HCPI seeks to partner with business owners, executives, and management teams to identify opportunities to remove impediments to growth, enabling companies to maximize their full value potential. For more information, please visit www.hcprivateinvest.com.

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