DALLAS (2019) – White Rock Advisors, LLC is pleased to announce it recently advised Identification Plates, Inc. (“ID Plates”) on its sale to Gemini Incorporated (“Gemini”).
ID Plates is a family owned and run company. Founded by Doug Crownover, working with his son Matthew Crownover, ID Plates has grown into a nationally recognized provider of sheet metal, stock and custom blanks to the awards and recognition industry. All manufacturing is done in their 40,000 sq. ft. facility in Mesquite, Texas.
Founded in 1963, Gemini is a family-owned company and is an industry leader in the wholesale manufacture of dimensional letters, logos and plaques. Gemini manufactures its products in 20 plants throughout the US, Canada, and Mexico. The partnership brings together two, family owned businesses.
“The partnership between Gemini and Identification Plates will allow us to leverage similar cultures of taking care of our customers and our people,” Gemini President Fred Oss said. “Identification Plates will operate much the same as they have with operations and 100% of the workforce in place at the current facility in Mesquite, TX.”
“We are excited to be working with Gemini as the two companies share core values and serve similar markets,” said Doug Crownover, owner of Identification Plates. “The transition has gone smoothly, and our customers will be well served as they continue to work with the same great sales and customer service staff they are familiar with. I firmly believe that as I enter retirement, Identification Plates, our people, and our customers are in great hands with Gemini.
Simon Martin, Managing Director at White Rock Advisors added, “It is always a pleasure to help two family owned businesses come together to expand their capabilities but maintain the same culture for their employees and customers. Doug and Matt were fantastic to work with and we wish them all the best.”
About White Rock Advisors, LLC
The White Rock Advisors team is located in Dallas, Texas. White Rock Advisors through provides merger and acquisition advisory services, institutional private placements of equity and debt, restructuring and turnaround services and general corporate finance advisory services to companies with revenues or enterprise values ranging from $10 million to $500 million. White Rock Advisors focuses on building long term value for clients through unbiased advice, access to the capital markets, and expert assistance in mergers and acquisitions.
White Rock Advisors, LLC (“White Rock”) member FINRA/SIPC is a limited purpose broker dealer that provides a limited range of brokerage and financial advisory services. White Rock does not hold customer accounts, funds or securities, accept trading orders, engage in proprietary trading or market making. White Rock is engaged solely in advising companies and private equity funds on capital raising and corporate restructuring. This is not an offer or solicitation for brokerage services, investment advisory services, or other products or services in any jurisdiction where we are not authorized to do business or where such offer or solicitation would be contrary to the securities laws or other local laws and regulations of that jurisdiction.