618.283.4700 HOME INDUSTRY APPLICATIONS PARTS MATERIALS CAPABILITIES ABOUT Vanseal Corporation VANSEAL NEWS ← Older posts Blue Point, in Partnership with Portfolio Company VRC Engineered Solutions, Finds Perfect Fit in Cascadia Acquisition CLEVELAND / March 30, 2021 / Blue Point Capital Partners (“Blue Point”) and its Blue Point IV portfolio company, VRC Engineered Solutions (“VRC”), announced today the acquisition of Cascadia Custom Molding (“Cascadia”). The acquisition will expand VRC’s product offerings and geographic footprint while enhancing manufacturing capabilities and diversifying end markets served. For over 40 years, Cascadia has provided high-quality thermoplastic components to highly regulated and attractive markets such as medical, aerospace and consumer goods. Cascadia operates out of manufacturing facilities in Coeur d’Alene, Idaho, and Woodinville, Wash. The acquisition will expand VRC’s manufacturing footprint into the Pacific Northwest, offering increased capability and flexibility for both VRC and its customers. Blue Point and the VRC management team value Cascadia’s diverse customer base and focus on complex, low-volume parts, as well as in-house capabilities that further expand VRC’s tooling, materials, production and service capabilities. “This acquisition strategically marks the next phase of growth for both VRC and Cascadia. Uniting the respective company visions and leveraging their combined capabilities, services, technologies and expertise across all locations will offer significant benefit to our customers,” said Blue Point Partner Jonathan Pressnell. “The geographic and end market expansion, along with the potential for cross-selling opportunities, makes the combined company well-positioned for growth.” With over 25 custom material manufacturer investments over the course of its 20-year history, Blue Point and its network of operating executives bring substantial commercial, operating and technical experience to support the management teams. Dale Meyer, who along with his wife, Janeanne Upp, has owned Cascadia for 18 years,said, “We decided to partner with VRC, and Blue Point, because we could see the same philosophical approach and strategic fit between the companies, the management teams and our vision of the future for Cascadia.” P&M Corporate Finance (PMCF) served as financial advisor to Cascadia in the transaction. Cascadia is VRC’s first add-on acquisition since Blue Point acquired the platform in August 2019. “The thesis supporting our investment in VRC was to provide unique resources to drive organic growth, while at the same time leveraging our M&A competency to expand the platform via acquisitions,” said Blue Point Partner John LeMay. “The Cascadia platform fits squarely within the key end markets and capabilities of our focused add-on strategy, and we are enthusiastic about the opportunities available to the combined company going forward.” “Our partnership with Blue Point is highlighted by their support in identifying the best, complementary capabilities to execute against our core growth strategies. Over the past 50 years, VRC has committed to expanding our platform and continually adding value for our customers,” said VRC President Tom Gebhardt. “The Cascadia acquisition provides additional capabilities and synergies which allow us to offer a more diverse product portfolio and a one-stop-shop. I am excited to work with the collective team to continue to build a world-class organization rooted in operational excellence and superior customer service.” VRC Engineered Solutions (www.ritus.com) was founded in 1963 and has since served customers primarily in the aerospace & defense, automotive, industrial, oil & gas, marine and medical end markets. VRC is made up of Ritus and its sister companies, Vanseal and Classic Molding, which operate under the same management team and support one another in their mission is to provide solutions and maximum value to their customers. This is achieved upon being a leader in engineering and polymer technology and product solutions, excellent technical support, data-based decisions and superior service. Blue Point Capital Partners (www.bluepointcapital.com) is a private equity firm managing over $1.5 billion in committed capital. With offices in Cleveland, Charlotte, Seattle and Shanghai, Blue Point’s geographical footprint allows it to establish relationships with local and regional entrepreneurs and advisors while providing the perspectives and resources of a global organization. Blue Point has over a two-decade history of partnering with lower middle-market businesses to build processes and capabilities to achieve dramatic growth. The Firm focuses on opportunities where it can leverage its collective experience, extensive network of operating resources and unique toolkit, which includes supply chain/Asian capabilities, data and digital strategies, human capital strategy and focused add-on acquisition efforts. Blue Point typically invests in businesses that generate between $25 million and $300 million in revenue. For more information, contact: Blue Point Capital Partners 127 Public Square, Suite 5100 Cleveland, OH 44114 John LeMay | Partner | (216) 535-4707 jlemay@bluepointcapital.com Jonathan Pressnell | Partner | (216) 535-4713 jpressnell@bluepointcapital.com VRC Engineered Solutions 7900 N. 73rd Street Milwaukee, WI 53223 Tom Gebhardt | President | (414) 586-3535 Media Inquiries MiddleM Creative Tricia Forbes | Vice President | (404) 698-1739 tricia@middlemcreative.com Vanseal Corporation Completes AS9100D Certification Vanseal Corporation announces the successful completion of AS9100D certification. Continue reading → Vanseal Corporation Acquired by Blue Point Capital Partners On August 13, 2019, Vanseal Corporation, along with sister companies Ritus Corporation and Classic Molding, was acquired by Blue Point Capital Partners (BPCP). Continue reading → Vanseal Adds New Compression Presses The installation of a new line of dual-station, compression mold presses at Vanseal Corporation drive greater efficiency and more reliably formed parts. Continue reading → Vanseal Solves High-Pressure, High Eccentricity Seal Issues Facing challenges, head-on is what we do every day at Vanseal which is why our customers trust us to deliver tested and proven, material and design solutions that improve the performance of their seals, no matter how tough the environment. Continue reading → Difficult Seal Applications Is your seal supplier giving you standards or solutions? When you’re faced with a difficult sealing application, show your seal some respect by talking to our experienced Engineers at Vanseal. Continue reading → Engineer-to-Engineer Expertise When Ken Lamb, Advanced Engineering Manager for Vanseal, says, “He’s seen it all” – he isn’t exaggerating. Understanding what he’s learned over the years reveals how Vanseal’s engineer-to-engineer approach helps clients solve some pretty tough problems. Continue reading → Tested Lip Seal Design Substantially Improves Seal Performance While the use of hydrodynamic engineering isn’t new to seal design, Vanseal has perfected a bi-directional lip geometry that supports leak-tight sealing in bi-directional rotating shaft assemblies. Continue reading → Air Pressure Testing – The Last Line of Defense Sometimes we need to double-check to make sure things are safe, which is why Vanseal Corporation will double-check your seals before we package and ship them to you. Continue reading → Vibration Absorbing Seals for Lightweight Assemblies Vibration, harmonics, and temperatures cause dimensional changes to lightweight housing materials and threaten the integrity of sealing mechanics. Vanseal solves vibration issues with PTFE /rubber OD seal engineering expertise. Continue reading → Hydroseals – An innovative solution in shaft seal design Helical grooving incorporated into the surface of seals have a remarkable impact on friction, wear, and heat. Continue reading → Sophisticated Compounds are the Key to Performance Energy drain is an issue that impacts most industries. However, seals made from low-friction compounds have been able to significantly reduce power drain in systems ranging from very, small pumps to large industrial engines. Continue reading → Prototype Seals Within 2 Weeks When your project is on a rapid timeline and needs to run smoothly, call on Vanseal for prototypes that are functional and made from the specified production material with accurate and representative tolerances. Continue reading → Bonding: A Critical Aspect of Seal Design Improvements in high-performance metals and elastomers have benefitted both performance and maintainability of hydro-mechanical systems in commercial aircraft. Learn why specialty seal engineering is required when seals simply can’t fail. Continue reading → ← Older posts INDUSTRIAL AGRICULTURE OTHER INDUSTRIES MATERIAL COMPOUNDS PARTS TESTING NAT'L STOCK PARTS 815 Payne Drive Vandalia, Illinois 62471-4006 Website Design by a Milwaukee Web Developer Privacy Policy | Applicant, Employee, and Contractor Privacy Notice