M&A Deal Summary

Edgewater Capital Partners Acquires Altamira Material Solutions

On September 7, 2021, private equity firm Edgewater Capital Partners acquired plastics company Altamira Material Solutions from EnPro

Acquisition Highlights
  • This is Edgewater Capital Partners’ 1st transaction in the Plastics sector.
  • This is Edgewater Capital Partners’ 24th transaction in the United States.
  • This is Edgewater Capital Partners’ 4th transaction in Texas.
Investment Fate
  • Altamira Material Solutions was sold to a strategic buyer in 2022.

M&A Deal Summary

Date 2021-09-07
Target Altamira Material Solutions
Sector Plastics
Buyer(s) Edgewater Capital Partners
Sellers(s) EnPro
Deal Type Divestiture

Target

Altamira Material Solutions

Houston, Texas, United States
Altamira Material Solutions specializes in the custom production of PTFE molding, paste extrusion, plastics machining, and fabrication. Altamira Material Solutions is based in Houston, Texas.

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Buyer(S) 1

Buyer

Edgewater Capital Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
Size Middle-Market
Type Sector Focused
DESCRIPTION

Edgewater Capital Partners is a private equity firm focused on acquiring established, lower middle-market companies. Prospective investment situations include corporate divestitures, management buyouts, and family business liquidity. The Firm's industry preferences include highly-engineered manufacturing, specialty chemicals, specialty Industrials, Life Science. Edgewater Capital Partners was formed in 1982 and is based in Cleveland, Ohio.


DEAL STATS #
Overall 24 of 30
Sector (Plastics) 1 of 1
Type (Divestiture) 7 of 8
State (Texas) 4 of 5
Country (United States) 24 of 29
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-30 Naprotek

San Jose, California, United States

Naprotek is an electronic manufacturing services company and a provider of quick turn PCBA, design for manufacturability, system integration, and testing services for high-reliability applications. Naprotek was founded in 1995 and is based in San Jose, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 DanChem

Danville, Virginia, United States

DanChem is a custom manufacturer (toller) of fine and specialty chemical products providing capacity and technical support to major companies on a national and global scale. DanChem’s unique manufacturing technologies and flexibility enable to meet challenging customer needs within various end markets to include paints and coatings; fibers and textiles; agrochemicals; adhesives and sealants; performance polymers; additives; bio-based and renewable chemicals; water treatment; transportation; lubricants; personal care products; and pharmaceutical intermediates. DanChem was founded in 1960 and is based in Danville, Virginia.

Sell $33M

Seller(S) 1

SELLER

EnPro

Charlotte, North Carolina, United States

Category Company
Founded 2002
Sector Machinery
Employees3,500
Revenue 1.1B USD (2023)
DESCRIPTION

EnPro is a provider of sealing products, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other engineered products. EnPro was founded in 2002 and is based in Charlotte, North Carolina.


DEAL STATS #
Overall 6 of 9
Sector (Plastics) 1 of 1
Type (Divestiture) 6 of 9
State (Texas) 2 of 3
Country (United States) 6 of 8
Year (2021) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-23 Stemco

Longview, Texas, United States

Stemco is a manufacturer of critical wheel-end components for the commercial vehicle market. Through strategic global alliances, beneficial acquisitions, and strong partnerships, Stemco provides the worldwide commercial vehicle market with dependable, high-quality wheel-end components, braking products, suspension components, and intelligent transportation systems. Stemco Products was formed in 1951 and is based in Longview, Texas.

Sell $40M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-12 CPI

Stafford, Texas, United States

CPI is a manufacturer of precision-engineered, custom aftermarket products and its broad product offering is critical to the longevity, efficiency and safety of reciprocating compressors. CPI was founded in 2004 and is based in Stafford, Texas.

Sell -