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July 9, 2019

Marriott & Co. Serves as Exclusive Financial Advisor to Applied Instruments Company

Richmond, Va. — Marriott & Co., a premier middle market investment banking firm based in Richmond, VA, is pleased to announce that it served as the exclusive financial advisor to Applied Instruments Company (“AIC” or the “Company”) in its sale to the Stratford-Cambridge Group (“Stratford-Cambridge”), a private investment firm based in Plymouth, MI.  The transaction closed on June 28, 2019.  Terms of the transaction were not disclosed.

Headquartered in Brighton, MI, AIC is a leading manufacturer and distributor of replacement parts and equipment serving the plastics processing industry.  The Company serves a diverse customer base all over the U.S., including plastic component manufacturers as well as other distributors and resellers.  In addition to selling its own product portfolio of mission-critical replacement parts, AIC also serves as a manufacturer’s representative for several leading injection molding equipment manufacturers.

“I am excited about this new partnership with Stratford-Cambridge Group and believe they will add significant value to the continued growth and development of our business in the coming years,” said President and Owner of AIC, Wayne Limbright.  “I would also like to thank the Marriott & Co. team for their hard work in managing a professional process that yielded such a positive result for our company.  AIC has been owned by my family for over 40 years, so it was important that we feel comfortable with our new ownership partner.  Justin, Bryan and the rest of the Marriott & Co. team were critical in ensuring that this transaction closed with such a terrific firm as Stratford-Cambridge.”

Steve Ellis, Managing Director of Stratford-Cambridge, added, “We are thrilled to work with Wayne and the rest of the AIC team, and we look forward to continuing to build on the success of the Company for many years to come.  We also appreciate all of the hard work that the Marriott & Co. team put forth to facilitate an efficient process and timely closing.”

Justin Marriott, Managing Director of Marriott & Co., said, “We are honored that Wayne provided us with the opportunity to advise AIC on such an important transaction.  We truly enjoyed working with him and the entire AIC team, and believe that the Company is poised to thrive under this new partnership with Stratford-Cambridge.”

About Applied Instruments Company:

Founded in 1974, AIC is a leading manufacturer and distributor of replacement parts and equipment serving the plastics processing industry with customers across the U.S.  The Company’s product offerings include control systems, auxiliary equipment, barrels, feed screws, screw tips, end caps and mixing nozzles used in injection molding, blow, extrusion and die cast molding machinery and processes.  Additionally, AIC serves as a manufacturer’s representative for several leading injection molding equipment manufacturers.  The Company currently operates two facilities in Brighton, MI and Wixom, MI.  For more information, please visit

About the Stratford-Cambridge Group:

Founded in 2009, the Stratford-Cambridge Group is a Michigan-based private investment firm that invests in niche lower middle market industrial growth businesses.  The firm leverages its unique background of operational and financial expertise to provide above-market, diversified returns to high net-worth individuals, family offices and institutional investors.  Additional information can be found at

About Marriott & Co.:

Headquartered in Richmond, VA, Marriott & Co. ( is a premier, independent boutique investment-banking firm focused on advising privately-held companies across a wide variety of industries.  The firm provides merger and acquisition advisory and capital raising services primarily to family-held businesses and entrepreneurial business owners in the middle market.  Marriott & Co.’s unique entrepreneurial culture enables the firm to tailor its services to meet the needs of its clients, and the firm’s professionals have an unparalleled understanding of the challenges and opportunities facing these companies and their owners today.  By delivering senior banker attention, a high-touch approach to client service and best-in-class process execution to every assignment it undertakes, Marriott & Co. has established a long track record of closing successful transactions for clients all over the U.S.


Contact:  Justin Marriott

Phone: (804) 344-0952