M&A Deal Summary

Advantage Capital Partners and Ipackchem Acquire TPG Plastics

On October 5, 2022, growth capital firm Advantage Capital Partners and Ipackchem acquired plastics company TPG Plastics

Acquisition Highlights
  • This is Advantage Capital Partners’ 5th and Ipackchem’s 2nd transaction in the Plastics sector.
  • This is Advantage Capital Partners’ 267th and Ipackchem’s 1st transaction in the United States.
  • This is Advantage Capital Partners’ 9th and Ipackchem’s 1st transaction in Kentucky.

M&A Deal Summary
Date 2022-10-05
Target TPG Plastics
Sector Plastics
Buyer(s) Advantage Capital Partners
Ipackchem
Deal Type Add-on Acquisition

Target

TPG Plastics

Murray, Kentucky, United States
website
TPG Plastics is a manufacturer of engineered plastics blow molded products, specializing in large drop blow molded parts and fuel management solutions. TPG Plastics was founded in 2018 and is based in Murray, Kentucky.

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Buyer(S) 2

Buyer

Advantage Capital Partners

New Orleans, Louisiana, United States

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 1992
PE ASSETS 2.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Advantage Capital Partners is a private equity firm focused on providing growth capital to a variety of companies. The Firm's geographic coverage includes Alabama, Colorado, Florida, Hawaii, Louisiana, Mississippi, Missouri, New York, Texas, Wisconsin and Washington DC. Advantage looks to initially commit $0.5 to $2 million per investment and can provide mezzanine debt in addition to equity capital. Areas of interest include communications, information technology, life science, and energy. Advantage Capital was formed in 1992 and is headquartered in New Orleans, Louisiana.

DEAL STATS #
Overall 269 of 271
Sector (Plastics) 5 of 5
Type (Add-on Acquisition) 4 of 4
State (Kentucky) 9 of 9
Country (United States) 267 of 269
Year (2022) 6 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-28 Ripley Tools

Cromwell, Connecticut, United States

Ripley Tools is a designer and manufacturer of a wide variety of cable preparation tools. These specialty hand tools are sold to electrical utility, electrical contractor, CATV, telephone and telecommunication markets under the Utility Tool, Cablematic, Miller and Clauss tool brand names. Ripley Tools was founded in 1936 and is based in Cromwell, Connecticut.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-28 Owensboro Grain

Owensboro, Kentucky, United States

Owensboro Grain produces a vast array of products from soybeans at its plant locations on the Ohio River in western Kentucky. The company’s soy products include protein meal and hull pellets for animal feeds, crude and degummed oil, lecithin, various blends of refined vegetable oil for human consumption, biodiesel and glycerin. Owensboro Grain was founded in 1906 and is based in Owensboro, Kentucky.

Sell -
Buyer

Ipackchem

Paris, France

website

Category Company
Sector Packaging
DESCRIPTION

Ipackchem is a manufacturer of barrier packaging. Its products are mainly used in the transport and storage of aromas, fragrances, and agrochemical products, for which permeability, contamination, and evaporation constraints are critical. Ipackchem Group is based in Paris, France.

DEAL STATS #
Overall 3 of 3
Sector (Plastics) 2 of 2
Type (Add-on Acquisition) 3 of 3
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-09 Mullackal Polymers

Mumbai, India

Mullackal Polymers is a is a manufacturer of premium HDPE and barrier plastic containers, caps and measuring cups for India’s crop protection and specialty chemical industry. Mullackal Polymers was founded in 1976 and is based in Mumbai, India.

Buy -
Mergr

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