Private Equity
DS Smith said March 6 that it agreed to sell its plastics division to Olympus Partners for an enterprise value of $585 million. The plastics division comprises the plastics operations of DS Smith, including flexible plastics, rigid plastics and foam products. DS Smith expects net proceeds after taxation, transaction adjustments and expenses of approximately 400 million pounds.
3 min read · 07 March 2019
Trinity Private Equity Group has made an investment in Falcon Structures, a maker of container-based structures. No financial terms were disclosed.
2 min read · 06 March 2019
Protective Industrial Products Inc, a portfolio company of Audax Private Equity, has acquired Cincinnati, Ohio-based West Chester Protective Gear, a provider of personal protective equipment. No financial terms were disclosed. Lincoln was financial adviser to West Chester on the deal.
2 min read · 06 March 2019
ICP Group, a portfolio company of Audax Private Equity, has acquired select TPR2's product lines, according to a company announcement. No financial terms were disclosed. Based in Essex, Connecticut, TPR2 is a fire protection equipment supplier.
1 min read · 05 March 2019
Polytek Development Corp, which is backed by Arsenal Capital Partners, has acquired Franklin, Indiana-based BCC Products Inc, a provider of specialty tooling, mold making and casting polymers. No financial terms were disclosed.
2 min read · 05 March 2019
Plastic Components, which is backed by MPE Partners, has acquired Syracuse Plastics of North Carolina, a maker of engineered and high precision injection molded components for applications in the industrial, water and pool products, telecommunications, power products, food processing and other end markets. No financial terms were disclosed.
2 min read · 05 March 2019
Instar Group said March 5 that it agreed to buy 2,146 railcars from CAI International. Financial terms weren’t announced. Instar Group is a portfolio company of Sightway Capital.
2 min read · 05 March 2019
Cerberus has closed its previously announced take-private acquisition of Schaumburg, Illinois-based Sparton, a provider of electromechanical devices, for $18.50 per share. As a result of the deal, Sparton will be stop trading on the New York Stock Exchange prior to the opening of the trading session on March 5, 2019.
2 min read · 04 March 2019
GHK Capital Partners has recapitalized Brown & Settle, a provider of large-parcel site development services in the Virginia, Maryland, West Virginia, and Greater Washington D.C. area. No financial terms were disclosed.
3 min read · 04 March 2019
Altus Capital Partners has acquired Nashville-based Thermal Solutions Manufacturing Inc, a provider of heat exchange and thermal management products. The seller was Resilience Capital Partners. No financial terms were disclosed.
3 min read · 04 March 2019
