PolyCraft Tech Acquired by Innova Engineered Plastics, a Portfolio Company of Culper Capital Partners

We are pleased to announce the sale of our client, PolyCraft Tech, to Innova Engineered Plastics, a portfolio company of Culper Capital Partners. The acquisition closed August 29, 2025.

Based in Poway, California, PolyCraft Tech provides specialized low-to-mid volume production of precision cast urethane enclosures and components for a range of applications including medical device enclosures, aerospace interior components, and 3D printed development prototypes. PolyCraft’s core strengths complement Innova’s broader strategy and evolution into a comprehensive, full service, plastics manufacturing partner focused on speed, quality, and innovation.

With facilities in Shirley, Massachusetts, and Mexicali, Mexico, Innova Engineered Plastics stands at the forefront of the thermoforming and injection molding industry. The company specializes in heavy-gauge plastic enclosures and related single-use components for Medical, Aerospace & Defense, and Automation & Robotics industries amongst a variety of other highly regulated and critical end markets. Innova offers a range of manufacturing solutions, including 3D printing and prototype machining (for low volumes), thermoforming, reaction injection molding, and injection molding (for low-to-medium volumes) with capabilities extending from initial concept, design and R&D to full-scale production. Innova also offers a number of value-added services, such as painting, coating, surface finishing, and tool making. Innova is ITAR registered and ISO 9001 & ISO 13485 certified.

Based in Closter, New Jersey, Culper Capital Partners is a private investment firm that specializes in providing both debt and equity capital to middle-market companies. The firm focuses on businesses with strong fundamentals and niche value drivers, offering tailored strategic solutions to enhance returns and position companies for sustainable growth. Culper Capital Partners collaborates closely with management teams to implement initiatives such as vertical and horizontal growth strategies, add-on acquisitions, working capital optimization, operational efficiencies, and market expansion. Through its experience, focus, and partnerships, the firm aims to add value and drive success for its portfolio companies.

Generational Group Executive Managing Director, M&A, Western Region—Lori Galloway, and her team led by Managing Director, M&A, Mike Meredith, with the support of Senior Vice President, M&A, Amy Wall, successfully closed the deal. Senior Managing Director, Ashok Tandon, and Senior M&A Advisor, Michael Querard, established the initial relationship with PolyCraft Tech.

Ryan Binkley, CEO of Generational Group, stated, “This transaction demonstrates our commitment to building strong, lasting partnerships. We are excited to bring together two organizations with shared objectives and the drive to achieve success together.”