M&A Deal Summary

Altamont Capital Partners Acquires Specialized Packaging Group

On January 6, 2021, private equity firm Altamont Capital Partners acquired packaging company Specialized Packaging Group

Acquisition Highlights
  • This is Altamont Capital Partners’ 2nd transaction in the Packaging sector.
  • This is Altamont Capital Partners’ 32nd transaction in the United States.
  • This is Altamont Capital Partners’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2021-01-06
Target Specialized Packaging Group
Sector Packaging
Buyer(s) Altamont Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Specialized Packaging Group

Hamden, Connecticut, United States
website
Specialized Packaging Group is a vertically-integrated provider of protective packaging products that operates under two divisions, IVEX and Engineered Packaging. Specialized Packaging Group was founded in 1983 and is based in Hamden, Connecticut.

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Buyer(S) 1

Buyer

Altamont Capital Partners

Palo Alto, California, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2010
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Altamont Capital is a private equity group focused on acquiring US-based middle-market companies. The Firm has a particular interest in companies undergoing a transition, either operational or strategic, in which Altamont believes it can help navigate. Altamont can invest up to $150 million of equity per transaction and looks for businesses with EBITDA up to $100 million. The Firm prefers control transactions and targets a range of transaction types, including corporate carve-outs, build-ups, take-privates, and founder transitions. Sectors of interest include business services, financial services, industrials, healthcare, consumer, retail, restaurants, franchising, and technology. Altamont Partners was formed in 2010 and is based in Palo Alto, California.

DEAL STATS #
Overall 36 of 46
Sector (Packaging) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 11 of 14
State (Connecticut) 1 of 2
Country (United States) 32 of 41
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-10-28 Colorado Boxed Beef

Lakeland, Florida, United States

Colorado Boxed Beef is a distributor of refrigerated and frozen products. Company supply to customers with the finest beef, pork, poultry, lamb, veal, seafood, cheese, vegetables, lunch meat, and a variety of dry products. Colorado Boxed Beef was founded in 1975 and is based in Lakeland, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-18 Kinetic Advantage

Carmel, Indiana, United States

Kinetic Advantage is a floorplan finance platform. Kinetic is focused on serving independent auto dealers across the US, providing a customer-focused alternative to the legacy providers. Kinetic Advantage is based in Carmel, Indiana.

Buy -
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