M&A Deal Summary

Atlas Holdings Acquires Crown Paper Group

On October 11, 2022, private equity firm Atlas Holdings acquired forest products company Crown Paper Group from Lindsay Goldberg

Acquisition Highlights
  • This is Atlas Holdings’ 6th transaction in the Forest Products sector.
  • This is Atlas Holdings’ 27th transaction in the United States.
  • This is Atlas Holdings’ 1st transaction in Washington.

M&A Deal Summary
Date 2022-10-11
Target Crown Paper Group
Sector Forest Products
Buyer(s) Atlas Holdings
Sellers(s) Lindsay Goldberg
Deal Type Secondary Buyout

Target

Crown Paper Group

Port Townsend, Washington, United States
Crown Paper Group is an independent regional containerboard business. Crown operates an integrated containerboard mill, two converting facilities, and three company-operated distribution centers, and has a strategic presence in the growing markets of the Pacific Northwest and Western Canada. Crown Paper Group was founded in 2015 and is based in Port Townsend, Washington.

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Buyer(S) 1

Buyer

Atlas Holdings

Greenwich, Connecticut, United States

website

Category Private Equity Firm
Founded 2002
Size Large
Type Sector Agnostic
DESCRIPTION

Atlas Holdings is a private equity and investment holding firm focused on acquiring controlling interests in businesses operating in traditional, basic industries. Areas of interest include automotive, business services, industrial services, building materials, pulp and paper, distribution, energy, packaging, specialty steel and wood products. The Firm will participate in bankruptcy investments, highly structured equity and debt investments, leveraged ESOP acquisitions, out-of-court restructurings, and roll-ups. Atlas typically partners with private and institutional investors and structures one investment at a time. Atlas Holdings was established in 2002 and is based in Greenwich, Connecticut.

DEAL STATS #
Overall 31 of 35
Sector (Forest Products) 6 of 8
Type (Secondary Buyout) 4 of 5
State (Washington) 1 of 1
Country (United States) 27 of 29
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-07 Foster Farms

Livingston, California, United States

Foster Farms is a family-owned provider of fresh, frozen, and prepared poultry products. Foster Farms operates major processing facilities in California, Washington, Louisiana, Oregon, and Alabama. Foster Farms was founded in 1939 and is based in Livingston, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-14 IWG

Camden, New York, United States

IWG is a designer and manufacturer of highly-engineered copper-based wire products. IWG’s products are utilized in end markets such as industrial and energy, electronics and data communications, automotive and specialty vehicles, aerospace and defense, medical products and consumer and appliance industries. IWG was formed in 1995 and is based in Camden, New York.

Sell -

Seller(S) 1

SELLER

Lindsay Goldberg

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2001
PE ASSETS 17.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Lindsay Goldberg is a large private equity firm that targets investments in traditional, basic industries. Lindsay looks to commit $50 to $250 million per transaction in sectors that include basic & commodity manufacturing, financial services, food, and distribution. Lindsay looks to partner with management in pursuing transactions. Lindsay Goldberg was formerly known as Lindsay Goldberg & Bessemer. The Firm was formed in 2001 and is based in New York City.

DEAL STATS #
Overall 39 of 39
Sector (Forest Products) 3 of 3
Type (Secondary Buyout) 18 of 18
State (Washington) 1 of 1
Country (United States) 31 of 31
Year (2022) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 Pixelle Specialty Solutions

Spring Grove, Pennsylvania, United States

Pixelle Specialty Solutions is a provider of specialty papers and engineered materials, offering innovation, world-class service and over a century and a half of technical expertise. Pixelle Specialty Solutions was founded in 2018 and is based in Spring Grove, Pennsylvania.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-05 Lightwave Dental

Woodbridge, Virginia, United States

Lightwave Dental builds the group model for the future of the dental industry. Lightwave focuses on partnering, training, and developing dentists as natural leaders of their dental practice. The company helps dentists launch their careers, supports those leading high-growth dental groups, and assists with preserving their legacy as they transition into retirement. It solves large issues in dentistry around retirement, business management, reimbursements, and partnership by providing the benefits of a group while preserving the essence of private practice. Lightwave was formed in 2016 and is based in Woodbridge, Virginia.

Buy -
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