All-State Industries Expands Die Cutting Capabilities with Acquisition of United Gasket Corp.
Des Moines, IA – All-State Industries, Inc. (“All-State”), a leading Des Moines, Iowa-based company and portfolio member of Blue Sage Capital (“Blue Sage”), is pleased to announce the successful acquisition of United Gasket Corp. (“United Gasket”), a prominent manufacturer of custom non-metallic components. This acquisition further enhances All-State’s die cutting operations, broadening its product offerings and positioning the company for continued growth in multiple markets.
United Gasket, recognized for its expertise in producing custom adhesive-backed gaskets, felts, and a variety of flexible parts, serves a wide range of industries. These include electronics, rail, non-engine automotive, HVAC, pumps, and lighting. United Gasket has built a strong reputation for quality and innovation, establishing itself as a trusted supplier across diverse sectors. The acquisition also includes United Gasket’s subsidiary, Gaskoa, Inc., a well-established entity that further strengthens the company’s capabilities in non-metallic component manufacturing.
A Strategic Acquisition for Growth and Expansion
All-State Industries “We are extremely excited to welcome United Gasket into the All-State family,” said Scott Pulver, CEO of All-State. “Mark and his team have built an exceptional business with an impressive track record of growth. United Gasket’s capabilities will significantly enhance our die-cutting operations and enable us to provide an even broader range of non-metallic solutions to our customers.”
The acquisition positions All-State Industries as one of the largest providers of non-metallic components in the industry, expanding its reach with fourteen facilities across the United States and Mexico. With this strategic addition, All-State now offers an even more diverse die-cutting operation, capable of handling a full spectrum of materials, sizes, and volumes. This will enable the company to better serve its existing customer base and tap into new, untapped markets.
United Gasket’s high-quality, custom components perfectly complement All-State’s robust portfolio of non-metallic solutions. With a shared commitment to quality, Die Cutting Capabilities reliability, and customer satisfaction, the two companies are poised to create new opportunities for innovation and growth in the coming years.
Expanding Capabilities in Key Industries
Mark Pahios, CEO of United Gasket, expressed his enthusiasm about the acquisition, stating, “All-State is the ideal partner for our company. We take immense pride in providing exceptional value to our customers, and this partnership will allow us to leverage All-State Industries expansive portfolio of non-metallic solutions to deliver even more value to our clients. We are excited to join a company with such a strong track record of success and growth.”
Mark Pahios will continue to lead the United Gasket division as part of the All-State platform, ensuring continuity for customers and employees alike. The integration of United Gasket into All-State’s operations will provide significant synergies, enhancing the overall value proposition and improving service delivery for existing customers while opening up new opportunities in markets where both companies have a strong presence.
A Track Record of Successful Acquisitions
This acquisition marks the fourth successful transaction for All-State since its partnership with Blue Sage in 2019. Under Blue Sage’s guidance, All-State has strategically expanded its operations, increasing its presence in the non-metallic components industry. With the acquisition of United Gasket, All-State is now poised to be one of the largest suppliers of non-metallic components in its target markets, enhancing its ability to compete with other leading players in the industry.
Jonathan Kaskow, Partner at Blue Sage, noted, “United Gasket is a perfect fit for All-State Industries as it enhances the company’s die-cutting capabilities and expands its reach into attractive, adjacent markets. This acquisition positions All-State to capitalize on significant growth opportunities in the non-metallic components sector.”
Peter Huff, Managing Member at Blue Sage, emphasized the importance acquisition, saying, “All-State Industries has firmly established itself as the acquirer of choice in the fragmented landscape of non-metallic component providers. We are excited to continue supporting the company’s growth and look forward to the many opportunities this acquisition brings.”
A Comprehensive Support System for the Acquisition
In facilitating the transaction, Blue Sage worked with several key partners to ensure a smooth and successful deal. Queen Saenz + Schutz PLLC represented Blue Sage in a legal capacity, while Kroll provided financial services, Cherry Bekaert managed tax-related matters, and Lockton Companies handled the insurance aspects of the transaction. TPG Twin Brook Capital Partners also served as the financing partner for the deal, providing critical support to ensure its completion.
United Gasket was represented by XLCS Partners throughout the acquisition process, ensuring the transaction was handled with the utmost care and professionalism.
Looking Toward the Future
All-State’s acquisition of United Gasket represents a key milestone in the company’s strategic growth plan. The addition of United Gasket’s capabilities allows All-State Industries to expand its product offerings and further solidify its position as an industry leader in non-metallic components. With an expanded geographic footprint, a broader range of materials, and an increased ability to serve a diverse set of industries, All-State is well-equipped to meet the evolving needs of its customers and pursue new growth opportunities in the years ahead.
As the company continues to grow and expand its reach, it remains committed to its core values of providing high-quality, innovative solutions and exceptional service to its customers. With the continued support of Blue Sage and a strong leadership team in place, All-State Industries is poised for continued success as it navigates the future of the non-metallic components industry.
