HUNTERSVILLE, N.C. — Commercial playground manufacturer PlayPower Inc. has a new private equity owner.
Littlejohn & Co. LLC of Greenwich, Conn., is buying PlayPower from New York-based Apollo Investment Corp. Terms were not disclosed. The deal was announced May 18.
PlayPower has some major playground brands, including Miracle Recreation, Little Tikes Commercial, Hags Play and Soft Play. The playground equipment includes rotationally molded plastic parts, such as slides and metal and wood components. PlayPower serves city parks and playgrounds, schools, restaurants and day-care facilities.
PlayPower also rotomolds floating docks under its EZ Dock brand.
PlayPower is based in Huntersville. The company does rotational molding in Monett, Mo.
According to Plastics News' most recent ranking, PlayPower runs an estimated 12 rotomolding machines and generates an estimated $25 million in rotomolding-related sales a year. All the business is captive molding for PlayPower playground equipment and EZ Dock.
PlayPower CEO Joe Copeland said the company wants to make strategic acquisitions.
Littlejohn's managing director, David Simon, said the private equity firm wants to partner with management for product innovation and make investments in manufacturing and supply chain efficiencies.