M&A Deal Summary

LongueVue Capital Acquires Summit Plastics

On January 20, 2021, private equity firm LongueVue Capital acquired manufacturer Summit Plastics

Acquisition Highlights
  • This is LongueVue Capital’s 2nd transaction in the Manufacturing sector.
  • This is LongueVue Capital’s 17th transaction in the United States.
  • This is LongueVue Capital’s 2nd transaction in Mississippi.

M&A Deal Summary
Date 2021-01-20
Target Summit Plastics
Sector Manufacturing
Buyer(s) LongueVue Capital
Deal Type Recapitalization
Advisor(s) Squire Patton Boggs (Legal)

Target

Summit Plastics

Summit, Mississippi, United States
website
Summit Plastics, Inc. is a business-to-business focused niche manufacturer of custom low-density and linear low-density polyethylene (“LLDPE”) blown film and bags for a number of commercial end markets, including food and beverage, industrial, and healthcare.

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Buyer(S) 1

Buyer

LongueVue Capital

Metairie, Louisiana, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2001
PE ASSETS 850M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LongueVue Capital is a private equity company that targets profitable, small to mid-sized companies generating up to $150 million of revenue. LongueVue will consider a variety of investment situations, including corporate divestitures and buyouts, recapitalization/acquisitions of family owned businesses with transition challenges, and turnarounds. LongueVue Capital was formed in 2001 and is based in Metairie, Louisiana.

DEAL STATS #
Overall 17 of 26
Sector (Manufacturing) 2 of 3
Type (Recapitalization) 3 of 5
State (Mississippi) 2 of 2
Country (United States) 17 of 26
Year (2021) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-29 Azimuth Technology

Naples, Florida, United States

Azimuth Technology is a manufacturer of precision components for OEM’s and aftermarket distributors in the firearm and defense industries. The company produces top-quality metal components utilized in the manufacturing of a variety of firearms and equipment for the civilian, law enforcement and defense industries. Azimuth’s scalable and versatile operating platform enables the company to rapidly design, prototype and manufacture components for new products, existing platforms, or aftermarket replacements and enhancements. Azimuth Technology was founded in 2011 and is based in Naples, Florida.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 Traco Manufacturing

Orem, Utah, United States

Traco Manufacturing is a specialty provider of business-to-business packaging solutions. Traco Manufacturing is based in Orem, Utah.

Buy -
Mergr

Product

Company

Legal