Graycliff Partners Announces Credit Investment in TriStar Plastics

Graycliff Partners LP announced it has completed a unitranche debt and equity co-investment in support of Sky Peak Capital's acquisition of TriStar Plastics, a manufacturer and distributor of self-lubricating plastic bearings and other plastic materials and products. Sky Peak Capital is a Boston-based private equity firm focused on industrial, manufacturing, and value-added distribution businesses.

Founded in 1982 and headquartered in Shrewsbury, MA, TriStar Plastics manufactures custom components including plastic bearings, sheets, rods, and tubes, and distributes various stock shapes. The company’s products serve a broad range of industries including manufacturing, rail/transit, aerospace, military, food, agriculture, oil & gas, construction, and robotics.

“We are thrilled to partner with the Sky Peak and TriStar teams on this transaction. The TriStar team has a long track record of success which has led to its impressive base of loyal customers,” said Brian O'Reilly, Partner, Graycliff Partners. "TriStar's reputation as an engineering-oriented company makes them the clear choice in the market."

Mike Burke, Founder of Sky Peak Capital said, “We built a strong relationship with Graycliff through this transaction. They were flexible and thoughtful financing partners who we look forward to working with again in the near-term.”