Mark Teague was an investment banker with McDonald & Co. before he began acquiring companies on his own behalf. He now is an executive vice president of the Chagrin Falls, Ohio-based Midwest Tooling Group Inc., which is a strategic roll-up, or industry consolidator, in the plastics mold-making business. Teague is involved with MTG's marketing, strategic planning and acquisition activities.
The group has bought four Ohio-based companies since 1999: Crown Mold & Machine (injection molds), Fremont Plastic Molds (blow molds), Penco Tool Inc. (compression molds) and Deep Hole Specialists (gun-drilling services). MTG plans to acquire several more mold makers in the next few years.
Meanwhile, Teague also is involved in several other private-equity acquisition vehicles as manager and investor, including Colonnade Corp. and Colonnade Plastics Co. LLC (the latter of which buys other types of plastics manufacturing-related companies from retirement-aged founders).