Business Description

Quest is a manufacturer, converter and distributor of thermal laminating films. The company serves a variety of end markets including security, loyalty and identification cards, office products, publishing and printed trade applications.

Background

The transaction was completed as a strategic investment through Transilwrap Company, Inc. Nicolet Capital had developed a proactive acquisition strategy reviewing over 50 transactions on behalf of Transilwrap. This established the perception of Transilwrap as highly active and preferred buyer in the industry. Nicolet Capital originated and privately negotiated the acquisition of Quest on a proprietary basis directly with the company’s owners.

Outcome

The acquisition of Quest represented a strategic opportunity to consolidate a direct competitor and remove overcapacity in the industry. Nicolet Capital worked closely with management to develop an integration plan for Quest and provided implementation support. Quest was sold in connection with the sale of Transilwrap to a financial buyer in late 2013 resulting in a full realization of Nicolet Capital’s investment.

Testimonials

“Transilwrap and Nicolet Capital provided the highest level of responsiveness in the acquisition process while addressing the concerns of our ownership, employees, and customers.”

– Dennis Kuta, Co-Founder & President of Quest Films, Inc.

“Working alongside of Nicolet to consummate this transaction provided us with great insight into how powerful the partnership can be between a company and its equity sponsor in helping to move the business forward in a way that we could never have envisioned before.”

– Mark Stevens, Former President & CEO of Transilwrap Company, Inc.