M&A Deal Summary

Ares Private Equity Group Acquires Resource Label Group

On July 8, 2021, private equity firm Ares Private Equity Group acquired packaging company Resource Label Group from First Atlantic Capital, PNC Mezzanine Capital and TPG

Acquisition Highlights
  • This is Ares Private Equity Group’s 2nd transaction in the Packaging sector.
  • This is Ares Private Equity Group’s 74th transaction in the United States.
  • This is Ares Private Equity Group’s 2nd transaction in Tennessee.

M&A Deal Summary
Date 2021-07-08
Target Resource Label Group
Sector Packaging
Buyer(s) Ares Private Equity Group
Sellers(s) First Atlantic Capital
PNC Mezzanine Capital
TPG
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co. (Financial)

Target

Resource Label Group

Franklin, Tennessee, United States
Resource Label Group is a full-service label company providing custom label design and printing for a wide range of industries. In addition to complete label printing capabilities, our label company offers specialty label customizations. Resource Label Group was established in 1996 and is based in Franklin, Tennessee.

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Buyer(S) 1

Buyer

Ares Private Equity Group

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2003
PE ASSETS 20.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Ares Private Equity Group is the private equity arm of Ares Management, a global alternative asset manager. The Ares Private Equity Group specializes in opportunistic majority/shared control investments in under-capitalized middle-market companies. Ares looks for companies with strong franchises and attractive growth opportunities. The Group prefers to be the lead investor and will invest across the capital structure, including common equity, preferred equity, convertible equity/debt and senior debt. Areas of interest include business services, defense, healthcare, manufacturing, industrial, energy and consumer products and services. Ares Private Equity Group was formed in 2003 and is based in Los Angeles, California.

DEAL STATS #
Overall 87 of 98
Sector (Packaging) 2 of 2
Type (Secondary Buyout) 35 of 39
State (Tennessee) 2 of 2
Country (United States) 74 of 82
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-10 SVP Worldwide

LaVergne, Tennessee, United States

SVP Worldwide is a consumer sewing machine company with market shares across all industry price points. SVP unites three of the industry's most widely recognized brands, Singer, Husqvarna Viking, and Pfaff, that successfully target distinct market segments. SVP and it's legacy companies, Singer Worldwide was formed in 1851 and is based in LaVergne, Tennessee.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-03 KPI Solutions

United States

KPI Solutions is a full system integrator working diligently to provide a customized solution for every client. Combining design expertise and seamless integration with intentional transparency, KPI provides clients with scalable engineered solutions.

Buy -

Seller(S) 3

SELLER

First Atlantic Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1989
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

First Atlantic Capital is a private equity firm that seeks investments in medium-sized US-based businesses valued between $100 and $500 million. Sectors of interest include business services, industrial and consumer goods, packaging, plastics, food processing, general manufacturing, and value-added distribution. First Atlantic typically targets control investment situations. The Firm has a particular interest in companies with strong expansion opportunities, either organic or through acquisitions, or companies with strong business foundations where a few operational improvements can substantially better financial performance. In addition to its private equity investing activity, First Atlantic manages First Atlantic Real Estate, a New York based real estate investment firm wholly owned by First Atlantic Capital. First Atlantic Capital was formed in 1989 and is based in New York City.

DEAL STATS #
Overall 13 of 13
Sector (Packaging) 2 of 2
Type (Secondary Buyout) 6 of 6
State (Tennessee) 1 of 1
Country (United States) 13 of 13
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-01 Sprint Industrial

Houston, Texas, United States

Sprint Industrial is a provider of specialized industrial rental equipment and services to blue-chip customers in the petrochemical, chemical, and downstream energy industries. Sprint’s product lines include temporary liquid and solid storage tanks for maintenance projects, as well as safety products such as gas detection and breathing air systems to protect workers and employees during maintenance jobs.

Sell -
SELLER

PNC Mezzanine Capital

Pittsburgh, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1989
PE ASSETS 1.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

PNC Mezzanine Capital is the subordinated debt investing arm of PNC Bank. PNC Mezzanine looks to provide $10 to $50 million of junior capital to middle-market companies in a variety of industries. Prospective companies generally have revenues of $20 million and EBITDA greater than $4 million. Broad sectors of interest include niche manufacturing, value-added distribution, and business or consumer services. PNC will not invest in early-stage or technology-driven businesses; real estate, commodity-based or capital-intensive companies; businesses with high customer or vendor concentration; or declining businesses. PNC Mezzanine was formed in 1989 and is based in Pittsburgh, Pennsylvania.

DEAL STATS #
Overall 38 of 49
Sector (Packaging) 2 of 2
Type (Secondary Buyout) 15 of 19
State (Tennessee) 2 of 2
Country (United States) 37 of 47
Year (2021) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-01 ESAM

Grants Pass, Oregon, United States

ESAM is a provider of Electronic Manufacturing Services. ESAM provides build-to-print manufacturing services of wire/cable assemblies and harnesses electronic, electro-mechanical, and electro-pneumatic sub-assemblies; along with complete instruments and equipment. DFM, DFT, cost reduction, and reverse engineering are among the engineering services ESAM also offers to its customers. ESAM specializes in medical devices, military, aerospace, capital equipment, green energy, transportation, and instrumentation applications. ESAM was founded in 1974 and is based in Grants Pass, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-01 Four State International Trucks

Joplin, Missouri, United States

Four State International Trucks is a specialty distributor of aftermarket parts for the heavy-duty truck industry, specializing in chrome accessories and collision repair parts. Four State International Trucks was founded in 1979 and is based in Joplin, Missouri.

Buy -
SELLER

TPG

Fort Worth, Texas, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1992
PE ASSETS 137.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TPG Capital is a global, mega-sized private investment firm that manages a family of funds focused on private equity, real estate, venture capital, public equity and debt investing. TPG invests in opportunities across a broad range of industries and geographies. TPG generally seeks to invest in established businesses that can benefit from the Firm's operational experience and connections. Industries of interest include consumer, retail, healthcare, industrials, digital media, natural resources, energy, real estate, technology, and software. TPG was formerly known as Texas Pacific Group and was originally established in 1992 by David Bonderman, James Coulter and William Price. The Firm is based in Forth Worth, Texas with additional offices in Europe, Asia, and Australia.

DEAL STATS #
Overall 231 of 247
Sector (Packaging) 4 of 4
Type (Secondary Buyout) 32 of 34
State (Tennessee) 2 of 2
Country (United States) 168 of 182
Year (2021) 10 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-29 EIS

San Francisco, California, United States

EIS is an insurance software company that enables leading insurers to innovate and operate like a tech company: fast, simple, agile. Founded in 2008, EIS provides a platform for high-velocity insurance. This open, flexible platform of core systems and digital solutions liberates insurers to accelerate and scale innovation, launch products faster, deliver new revenue channels, and create insurance experiences the world will love. And with thousands of open APIs, the platform gives insurers the freedom to connect to a vast ecosystem of insurtech and emerging technologies. EIS was formed in 2008 and is based in San Francisco, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-12 Rapid Micro Biosystems

Lowell, Massachusetts, United States

Rapid Micro Biosystems is a life sciences technology company providing mission-critical automation solutions to facilitate the efficient manufacturing and fast, safe release of healthcare products such as biologics, vaccines, cell and gene therapies, and sterile injectables. Rapid Micro Biosystems was founded in 2006 and is based in Lowell, Massachusetts.

Sell -
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