M&A Deal Summary

Filtration Group Acquires Multisorb Technologies

On April 6, 2018, Filtration Group acquired packaging company Multisorb Technologies from Summer Street Capital Partners

Acquisition Highlights
  • This is Filtration Group’s 1st transaction in the Packaging sector.
  • This is Filtration Group’s 7th transaction in the United States.
  • This is Filtration Group’s 1st transaction in New York.

M&A Deal Summary

Date 2018-04-06
Target Multisorb Technologies
Sector Packaging
Buyer(s) Filtration Group
Sellers(s) Summer Street Capital Partners
Deal Type Add-on Acquisition

Target

Multisorb Technologies

Buffalo, New York, United States
website
Multisorb Technologies is a developer and manufacturer of sorbent and specialty products used in healthcare, food & beverage, electronics and industrial applications to protect the shelf or service life of a product. It's active packaging technology provides superior protection against moisture, odor, oxygen, and other gases by extending shelf life, enhancing product quality and preventing damage. Multisorb Technologies was founded in 1961 and is based in Buffalo, New York.

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Buyer(S) 1

Buyer

Filtration Group

Oak Brook, Illinois, United States

website


Category Company
Founded 1942
Sector Manufacturing
Revenue 1.3B USD (2017)
DESCRIPTION

The Filtration Group is a filtration company. Serving industry leaders across the globe, Filtration Group operates facilities in 20 countries under four strategic business units: Medical/Bioscience, Liquid/Process, Environmental Air and Fluid. Filtration Group provides solutions to customers in the food & beverage; water, micro-electronics & telecommunications; environmental air; medical, pharma & bioscience; hydraulic fluid; mining & minerals; industrial finishing and energy industries. Filtration Group was founded in 1942 and is based in Oak Brook, Illinois.


DEAL STATS #
Overall 11 of 17
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 7 of 12
State (New York) 1 of 1
Country (United States) 7 of 11
Year (2018) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-25 Essentra - Porous Technologies Business

Milton Keynes, United Kingdom

Essentra - Porous Technologies Business products support essiental bio medical procedures such as disease detection and prevention, laboratory testing and genetic analysis.

Buy £220M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-03 Facet

Tulsa, Oklahoma, United States

Facet produces innovative contaminant management solutions for an evolving industry and an increasingly environmentally conscious world. Facet manufactures and markets filter housings, filter cartridges and complete filtration systems for hydrocarbon filtration and separation and is a leader in global aviation fuel filtration. Facet was founded in 1943 and is based in Tulsa, Oklahoma.

Buy -

Seller(S) 1

SELLER

Summer Street Capital Partners

Orchard Park, New York, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1999
PE ASSETS 480M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Summer Street Capital is a private equity firm that targets investments in lower middle-market companies located in the Eastern and Midwest areas of the US as well as Southeastern Canada. Summer Street seeks to invest in platform companies generating revenues of at least $10 million. Broad ares of interest include environmental, niche manufacturing, and business services, Prospective transaction situations include growth capital financings, management buyouts, corporate divestitures, generational transitions, and recapitalizations. Summer Street Capital was formed in 1999 and based in Orchard Park, New York.


DEAL STATS #
Overall 10 of 17
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 5 of 7
State (New York) 8 of 8
Country (United States) 9 of 16
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-13 Belmont Meat Products

Toronto, Ontario, Canada

Belmont Meat Products Ltd. is a manufacturer of burger patties in Canada and produces a wide variety of customized premium burgers for retail and foodservice customers across the country. Belmont is also in the process of introducing a number of its products into the U.S. retail market.

Sell $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-05-30 Dwellworks

Cleveland, Ohio, United States

Dwellworks is a provider of global mobility support solutions. Dwellworks' comprehensive suite of solutions includes destination services for relocating employees and their families, intercultural training, property management for both vacant and tenant-occupied homes, and valuation services for relocation, specialty, and mortgage appraisal needs. Dwellworks was established in 2007 and is based in Cleveland, Ohio.

Sell -