Align Capital Partners has announced the acquisition of Jet Gasket & Seal, a specialty manufacturer and distributor of seals, gaskets and related products in Las Vegas as the latest add-on for its Marco Rubber & Plastics platform company.
Financial terms of the deal, which marks the fourth tuck-in company for Marco under Align's ownership, were not disclosed.
Marco, based in New Hampshire, is a specialty distributor of elastomer components including O-rings and gaskets. Align bought that company in February 2020.
Jet primarily serves the brewery end-market. Align said that its addition to Marco expands the product portfolio and supplier network while opening up new market segments for growth.
"This is a highly strategic acquisition for us," said Marco CEO Marty Daley in a statement. "Jet's proprietary product formulations, long standing supplier relationships and focus on e-commerce as a sales channel, make it a great fit for Marco. The addition of Jet opens new growth markets for us, expands our global sourcing capabilities and strengthens our already broad offering of products and services."