St. Joseph, MO – December 1, 2012 – Silver Sail Capital, LLC (“SSC”) and 3P Equity Partners, LLC (“3P”, and together with SSC, “S3”) have announced the joint acquisition of the assets of Van-Am Tool & Engineering, Inc. (VanAm). The terms of the acquisition were not disclosed.
This transaction marks the first acquisition of SSC and the third acquisition for 3P. This is the first joint acquisition the two firms have made together. S3 will retain all of the company’s current employees and looks forward to partnering with the talented management team that has led VanAm to continued success. Moreover, S3 is dedicated to investing significant capital to drive further growth, both organically and by future acquisitions.
VanAm has established itself as a leading provider of tool and die design and manufacturing, general machining and fabrication, stamping, laser cutting, and a wide variety of other manufacturing capabilities. Driven by its commitment to serving a broad range of customer segments, including automotive, oil & gas, construction and others, the company offers full design and build capabilities from simple to complex. VanAm currently has 55 employees and is well known within the industry for providing quality products and dependable customer service.