M&A Deal Summary

The Edgewater Funds and JZ Partners Acquire ACW

On August 29, 2018, private equity firms The Edgewater Funds and JZ Partners acquired packaging company ACW

Acquisition Highlights
  • This is The Edgewater Funds’ 1st and JZ Partners’ 1st transaction in the Packaging sector.
  • This is The Edgewater Funds’ 41st and JZ Partners’ 15th transaction in the United States.
  • This is The Edgewater Funds’ 7th and JZ Partners’ 4th transaction in Illinois.

M&A Deal Summary

Date 2018-08-29
Target ACW
Sector Packaging
Buyer(s) The Edgewater Funds
JZ Partners
Deal Type Consolidation

Target

ACW

Itasca, Illinois, United States
website
ACW is a producer of specialty pouches for the growing flexible packaging market. ACW produces millions of high-value, technical pouches that protect the products and brands consumed in homes and hospitals around the world. ACW was formed in 2018 and is based in Itasca, Illinois.

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Buyer(S) 2

Buyer

The Edgewater Funds

Chicago, Illinois, United States

website


Category Private Equity Firm
Founded 1991
PE ASSETS 2.8B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Edgewater Funds is a private equity firm that targets investments in profitable, middle-market growth companies. Target companies typically have revenues of $20 to $500 million in revenue and EBITDA of $5 to $30 million. The Firm will consider minority and control investments in the form of growth capital financings and traditional buyouts. Edgewater looks for North American businesses operating in a variety of industries. Sectors of interest include business services; financial and government services; consumer products and services; healthcare; IT services and software; and industrial/manufacturing. Edgewater was formed in 1991 and is based in Chicago, Illinois.


DEAL STATS #
Overall 43 of 52
Sector (Packaging) 1 of 2
Type (Consolidation) 4 of 5
State (Illinois) 7 of 8
Country (United States) 41 of 50
Year (2018) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-27 Homecare Holdings

Fort Worth, Texas, United Kingdom

Homecare Holdings is a provider of home health services in the Southeast and Southwest regions of the U.S. Homecare Holdings was founded in 2018 and is based in Fort Worth, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-17 American Piping Products

Chesterfield, Missouri, United States

American Piping Products is a specialized distributor of seamless and welded pipe and tubular related products. American Piping Products serves international customers in a variety of end markets including energy, refining, petrochemical, power generation, and diversified industrial. American Piping Products was founded in 1994 and is based in Chesterfield, Missouri.

Sell -
Buyer

JZ Partners

website


Category Private Equity Firm
Founded 1986
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

JZ Partners is a private equity firm focused on acquiring middle-market companies valued up to $200 million. JZ seeks profitable companies with strong management, defensible market positions, and low capital expenditures. Sectors of interest include niche manufacturing, value-added distribution, industrial services, healthcare, education, transportation, and business services. JZ Partners was formed in 1986 and has offices in Chicago and New York City.


DEAL STATS #
Overall 16 of 18
Sector (Packaging) 1 of 1
Type (Consolidation) 3 of 3
State (Illinois) 4 of 5
Country (United States) 15 of 17
Year (2018) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-14 Paragon Water Systems

Clearwater, Florida, United States

Paragon Water Systems, Inc. develops and produces “point-of-use” water filtration products for leading global Original Equipment Manufacturer (“OEM”) clients, big brand suppliers to specialty and big box retailers, direct sales organisations and companies with national or international water filtration dealership networks.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-01 Flow Control Holdings

Chicago, Illinois, United States

Flow Control Holdings specialize in highly engineered sanitary and high purity flow components for market-critical applications within the food, beverage, and pharmaceutical industries. Flow Control Holdings was founded in 2018 and is based in Chicago, Illinois.

Buy -