Who Owns Unique Fabricating Company?

Unique Fabricating Bundle

Get Full Bundle:

	SWOT	$15	$10
	5 FORCES	$15	$10
	BCG	$15	$10
	CANVAS	$15	$10
	4P's MIX	$15	$10
	PESTLE	$15	$10

TOTAL:

ADD TO CART

Who Really Controlled Unique Fabricating Company?

Understanding the Unique Fabricating SWOT Analysis is crucial, but have you ever wondered about the forces behind the scenes? The story of Unique Fabricating Company ownership is a compelling journey through private equity, public markets, and ultimately, a stark financial reality. From its inception to its eventual liquidation, the company's ownership structure played a pivotal role in shaping its destiny.

This investigation into Unique Fabricating Company ownership explores the evolution of its Unique Fabricating investors, including the influence of key players and the impact of its Unique Fabricating leadership. We'll examine the critical shifts that occurred, from its acquisition by Taglich Private Equity LLC to its listing on the NYSE American, and the factors that led to its bankruptcy filing. Unraveling the Unique Fabricating Company story provides valuable insights for anyone seeking to understand the dynamics of corporate governance and financial distress.

The history of Unique Fabricating Company ownership begins with its incorporation in Michigan in 1975. The company later re-incorporated in Delaware in 1998. While the identities of the original founders and their initial equity stakes from 1975 are not publicly available, the company's ownership structure has evolved significantly over time.

A major shift occurred in March 2013. UFI Acquisition, Inc., a Delaware corporation formed in January 2013 specifically for this purpose, acquired 100% of the outstanding shares of the predecessor company, Unique Fabricating NA, Inc. This acquisition was facilitated through a leveraged buyout from an institutional investor. UFI Acquisition, Inc. subsequently changed its name to Unique Fabricating, Inc. on September 29, 2014.

This transition highlights a key moment in the company's ownership journey, marking a move from earlier ownership arrangements to a structure influenced by a private equity firm. The 2013 leveraged buyout is a pivotal event in understanding who owns Unique Fabricating in its more recent history.

Early Incorporation

Incorporated in Michigan in 1975.

Reincorporation

Reincorporated in Delaware in 1998.

2013 Acquisition

UFI Acquisition, Inc. acquired 100% of the predecessor company.

Leveraged Buyout

The 2013 acquisition was a leveraged buyout.

Name Change

UFI Acquisition, Inc. changed its name to Unique Fabricating, Inc. in 2014.

Taglich Private Equity

Taglich Private Equity LLC sourced and sponsored the formation of UFI Acquisition, Inc.

Key Players

The 2013 acquisition was a significant event, with Taglich Private Equity playing a key role. Richard Baum, Chairman of Unique Fabricating's board, is associated with Taglich Private Equity, highlighting their influence. For those interested in how the company generates revenue, you can explore the Revenue Streams & Business Model of Unique Fabricating.

• Taglich Private Equity LLC: Sourced and sponsored the formation of UFI Acquisition, Inc.
• Richard Baum: Chairman of the board, associated with Taglich Private Equity.
• Institutional Investor: Held 100% of the shares before the 2013 leveraged buyout.

Unique Fabricating SWOT Analysis

• Complete SWOT Breakdown
• Fully Customizable
• Editable in Excel & Word
• Professional Formatting
• Investor-Ready Format

GET TEMPLATE ➔

The ownership of Unique Fabricating Company has seen significant shifts, particularly in the last decade. A major change occurred in March 2013 when UFI Acquisition, Inc., supported by Taglich Private Equity LLC, acquired the company. This set the stage for an initial public offering (IPO), which would further alter the ownership landscape. The company's journey into the public market was a pivotal moment in its ownership evolution.

Unique Fabricating Company launched its IPO on July 1, 2015. The common stock began trading on the NYSE MKT (later NYSE American) under the symbol 'UFAB', with an initial offering price of $9.50 per share. The IPO involved the sale of 2,702,500 shares of common stock, including an over-allotment option. This event marked a transition from private to public ownership, opening the door for new investors and changing the dynamics of the company's shareholder base. The IPO was a crucial step in the company's financial journey, influencing its ownership structure and future strategic decisions.

Prior to the IPO, Peninsula Capital Partners LLC, a Detroit-based investment firm, held a majority stake in Unique Fabricating. During the IPO, Peninsula reduced its ownership. As of April 20, 2021, Peninsula beneficially owned 14.85% of the company's common stock. While specific current major institutional shareholders as of 2024-2025 are not extensively detailed due to the company's recent bankruptcy, prior to that, institutional ownership data would typically be found in SEC filings. For example, as of March 31, 2024, and December 31, 2023, Unique Fabricating Inc. had 0 institutional owners and shareholders that had filed 13D/G or 13F forms with the SEC. For more information about the company, you can read the Brief History of Unique Fabricating.

Key Ownership Takeaways

The ownership of Unique Fabricating Company has evolved significantly, marked by private equity involvement and a public offering.

• Taglich Private Equity LLC backed the acquisition that led to the IPO.
• The IPO in 2015 brought in new shareholders and shifted the ownership structure.
• Peninsula Capital Partners LLC, a major shareholder, reduced its stake during the IPO.
• Institutional ownership data is typically found in SEC filings.

Unique Fabricating PESTLE Analysis

• Covers All 6 PESTLE Categories
• No Research Needed – Save Hours of Work
• Built by Experts, Trusted by Consultants
• Instant Download, Ready to Use
• 100% Editable, Fully Customizable

GET TEMPLATE ➔

When Unique Fabricating Company went public, its board of directors included representatives from key stakeholders and independent members. Richard L. Baum, Jr., the Chairman, was associated with Taglich Private Equity, LLC, signaling the continued influence of this private equity firm on the company's leadership. Other board members included Paul Frascoia, Patrick Cavanagh, Susan C. Benedict, Mary Kimberly Korth, William Cooke, and James Illikman. Some of these individuals served as independent directors, ensuring a mix of perspectives in the company's governance. Understanding the current Unique Fabricating Company ownership structure is key to assessing its strategic direction.

The board's composition and the influence of major shareholders are critical in understanding the dynamics of Unique Fabricating Company. The presence of independent directors alongside those representing significant investors provides a balance of perspectives. This structure is designed to protect the interests of all Unique Fabricating investors. The board's decisions, influenced by these various stakeholders, directly impact the company's strategies and performance. Examining the board's composition offers insights into the power dynamics and strategic priorities within the company. For more information on the strategic direction, consider reading about the Growth Strategy of Unique Fabricating.

The voting structure for Unique Fabricating stock typically followed a one-share-one-vote model. Holders of the company's common stock were entitled to one vote for each share they owned. The company's governing documents also provided for a classified board of directors, with directors serving staggered three-year terms. Peninsula Capital Partners, as a significant beneficial owner, had the right to nominate one director if their beneficial ownership remained above 5% of the total outstanding shares. This structure is designed to balance the interests of different shareholder groups and ensure continuity in leadership. The voting power of shareholders is a crucial aspect of understanding who owns Unique Fabricating.

Key Board and Voting Insights

The board of directors includes representatives from key stakeholders and independent members. The voting structure is typically one-share-one-vote.

• Richard L. Baum, Jr. was the Chairman of the board.
• Other board members included Paul Frascoia, Patrick Cavanagh, and others.
• Peninsula Capital Partners could nominate a director if ownership remained above 5%.
• Understanding the board's composition is key to understanding the company's strategic direction and Unique Fabricating Company ownership.

Unique Fabricating Business Model Canvas

• Complete 9-Block Business Model Canvas
• Effortlessly Communicate Your Business Strategy
• Investor-Ready BMC Format
• 100% Editable and Customizable
• Clear and Structured Layout

GET TEMPLATE ➔

The past few years have seen dramatic shifts in the ownership and status of Unique Fabricating, Inc. The company, which once held a position in the automotive and industrial components manufacturing sector, filed for Chapter 7 bankruptcy on November 8, 2023. This filing in the U.S. Bankruptcy Court for the District of Delaware led to the immediate cessation of operations and the termination of nearly 1,000 employees. Before the bankruptcy, the company faced significant financial difficulties, including defaulting on a loan with Citizens Bank NA in April 2023.

In an attempt to avoid bankruptcy, major customers such as General Motors Co., Stellantis NV, and Yanfeng Automotive Interior Systems tried to provide financial relief through price increases and investments totaling up to $15 million in May 2023. However, these efforts were unsuccessful. The NYSE American LLC initiated delisting proceedings for the company's stock (UFABQ) following the bankruptcy. By February 7, 2024, the stock price of Unique Fabricating, Inc. was approximately $0.0001 per share, a substantial decline from its $11 per share IPO price in 2015. This illustrates the severe impact of the company's financial struggles on its investors and overall value.

In January 2024, PSC Industries, a subsidiary of PMC Global Inc., submitted a $14.7 million bid for Unique Fabricating's assets. This bid included machinery, inventory, raw materials, and factories located in Georgia and Louisville. The acquisition by PSC Industries, which specializes in foam, rubber, fiberglass, and adhesives, highlights the ongoing consolidation within the automotive and industrial components manufacturing sector and signifies a significant change in the Unique Fabricating Company ownership landscape. The Unique Fabricating stock had plummeted, reflecting the company's financial demise and the loss of value for its Unique Fabricating investors. There is no current Unique Fabricating leadership.

Current Owner of Unique Fabricating Company

PSC Industries, a subsidiary of PMC Global Inc., acquired assets in January 2024.

Unique Fabricating Company Stock Price History

The stock price was approximately $0.0001 per share as of February 7, 2024, down from $11 at IPO.

Where is Unique Fabricating Company Headquarters Located

The company filed for bankruptcy in the U.S. Bankruptcy Court for the District of Delaware.

How to find Unique Fabricating Company Ownership Information

Information can be found in bankruptcy filings and company asset sale details.

Unique Fabricating Porter's Five Forces Analysis

• Covers All 5 Competitive Forces in Detail
• Structured for Consultants, Students, and Founders
• 100% Editable in Microsoft Word & Excel
• Instant Digital Download – Use Immediately
• Compatible with Mac & PC – Fully Unlocked

GET TEMPLATE ➔

Related Blogs