Cornerstone Acquisition for Roll-up Strategy
Industry: Manufacturing—Auto Parts
Company Profile: Triam was a Tier I and II supplier of plastic mouldings to the automotive industry. Products produced include
painted bodyside mouldings and rocker panels, exterior plastic components, interior mouldings, decorative trims and enclosure applications.
NewPoint’s Role: NewPoint was retained as exclusive financial advisor by Tiercon Holdings Inc. to assist in the purchase
of the Triam Plastics Division. NewPoint played a key role in all negotiations involving the purchase, as well as, in securing the appropriate
financing necessary to complete the purchase.
Transaction Snapshot: The Triam transaction was the third acquisition in a roll-up strategy for which NewPoint
was financial advisor. This acquisition stirred the interest of a U.S. public company, Noble International, executing a similar strategy.
Noble purchased Tiercon concurrent with the closing of the Triam transaction.
