M&A Deal Summary

Charter Next Generation Acquires Bloomer Plastics

On December 2, 2015, Charter Next Generation acquired plastics company Bloomer Plastics from Huron Capital

Acquisition Highlights
  • This is Charter Next Generation’s 2nd transaction in the Plastics sector.
  • This is Charter Next Generation’s 2nd transaction in the United States.
  • This is Charter Next Generation’s 2nd transaction in Wisconsin.

M&A Deal Summary

Date 2015-12-02
Target Bloomer Plastics
Sector Plastics
Buyer(s) Charter Next Generation
Sellers(s) Huron Capital
Deal Type Add-on Acquisition

Target

Bloomer Plastics

Bloomer, Wisconsin, United States
website
Bloomer Plastics, Inc. is a manufacturer of custom cast embossed and blown film structures across a range of end markets.

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Buyer(S) 1

Buyer

Charter Next Generation

Milton, Wisconsin, United States

website


Category Company
Sector Plastics
DESCRIPTION

Charter Next Generation is a manufacturer of highly engineered specialty films focused on high-cost-of-failure applications within food, medical and protective end-markets. The Company offers an extensive portfolio of films with complex resin formulations and multi-layer structures, designed to maintain food freshness, taste and color, extend shelf-life of products, and enhance product use and durability. Charter Next Generation is based in Milton, Wisconsin.


DEAL STATS #
Overall 2 of 4
Sector (Plastics) 2 of 3
Type (Add-on Acquisition) 1 of 2
State (Wisconsin) 2 of 2
Country (United States) 2 of 4
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-03 Charter Films

Superior, Wisconsin, United States

Charter Films is a producer of monolayer, coextruded, and barrier films for a wide variety of high performance film applications. The Company was formed in 1998 and is based in Superior, Wisconsin.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-26 Next Generation Films

Lexington, Ohio, United States

NEXT supplies specialty films to a variety of markets, including the food packaging, automobile, courier, manufactured housing and protective packaging segments. By investing in the most advanced, high-end technologies and continually expanding its manufacturing capabilities, it has become one of America’s largest custom blown film companies, producing cutting-edge film structures that set new standards for quality across the country and around the world.

Buy -

Seller(S) 1

SELLER

Huron Capital

Detroit, Michigan, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 1.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Huron Capital Partners is a private equity firm that seeks to acquire or recapitalize niche manufacturers, value-added distributors and specialty service companies. Prospective transaction situations include management buyouts, corporate spin-offs, recapitalizations, family successions and consolidations. Huron prefers opportunities located in the US and Canada. Target companies typically have revenues between $20 and $200 million and EBITDA of at least $5 million. Huron can commit up to $10 million and $50 million of equity capital per transaction. Huron Capital Partners was formed in 1999 and has offices in Detroit, Michigan and Ontario, Canada.


DEAL STATS #
Overall 20 of 35
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 9 of 13
State (Wisconsin) 1 of 2
Country (United States) 18 of 32
Year (2015) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 Northwest Pallet Services

Belvidere, Illinois, United States

Northwest Pallet Supply provides pallet management services to major retail accounts nationwide, including over 6,500 retail stores and distribution centers, by acting as a single point of contact between customers and network of over 1,000 local pallet recyclers. Northwest Pallet Services is based in Belvidere, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-08 JENSEN HUGHES

Baltimore, Maryland, United States

JENSEN HUGHES, Inc. is a consulting firm specializing in fire protection engineering, fire code consulting and related life safety services in commercial, institutional, and industrial facilities.

Sell -