D.A. Davidson advised Cortina Tool & Molding on its sale to Radial Equity Partners, which will merge Cortina with Plasticade to strengthen traffic safety products.
D.A. Davidson & Co. announced that it served as exclusive financial advisor to Cortina Tool & Molding Co. (“Cortina” or the “Company”), a leading manufacturer of traffic and work zone safety products, on its sale to Radial Equity Partners (“Radial”), a private equity firm focused on investing in middle-market businesses. Radial will merge Cortina with its portfolio company, Plasticade, uniting two of the strongest and most recognized brands in the traffic safety products industry.
Founded in 1969, Cortina began building molds for the plastic industry and transitioned into production of injection molded component parts for local Chicago-based manufacturers. Cortina is now a preeminent supplier of custom and proprietary injection molded, extruded and blow molded products throughout North America and Latin America. Cortina’s broad portfolio of products includes delineators, drums, bases, barricades, emergency kits, and parking aids.
“We are thrilled to partner with Plasticade and Radial and are confident that our shared vision positions the combined group for continued success,” commented Jeffrey Giannelli, Cortina President and second-generation member of the founding family. “D.A. Davidson was a valued partner throughout the transaction and the team did a tremendous job.”
“The Giannelli family built an incredible business,” stated Eric Stetler, Managing Director and Head of Diversified Industrials and M&A at D.A. Davidson. “We appreciated the opportunity to work with Cortina on this important transaction and look forward to seeing the Company’s continued success alongside Plasticade.”
The transaction represents the ongoing success and continued momentum in D.A. Davidson’s Diversified Industrials Investment Banking Group.
D.A. Davidson’s Investment Banking Division is a leading full-service investment bank that offers comprehensive financial advisory and capital markets expertise. The group has extensive transaction experience serving middle market clients worldwide across four industry verticals: consumer, diversified industrials, financial institutions and technology.