M&A Deal Summary

Myers Industries Acquires Signature Systems Group

On January 2, 2024, Myers Industries acquired manufacturer Signature Systems Group from Center Rock Capital Partners for 350M USD

Acquisition Highlights
  • This is Myers Industries’ 3rd transaction in the Manufacturing sector.
  • This is Myers Industries’ largest (disclosed) transaction.
  • This is Myers Industries’ 7th transaction in the United States.
  • This is Myers Industries’ 1st transaction in Texas.

M&A Deal Summary
Date 2024-01-02
Target Signature Systems Group
Sector Manufacturing
Buyer(s) Myers Industries
Sellers(s) Center Rock Capital Partners
Deal Type Add-on Acquisition
Deal Value 350M USD
Advisor(s) William Blair (Financial)
Honigman (Legal)

Target

Signature Systems Group

Flower Mound, Texas, United States
website
Signature Systems Group is a manufacturer of composite mats for worksite safety and ground protection. Signature Systems Group’s products are utilized in the construction, power transmission, infrastructure, energy, and special events industries. Signature Systems Group was formed in 1998 and is based in Flower Mound, Texas.

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Buyer(S) 1

Buyer

Myers Industries

Akron, Ohio, United States

website

Category Company
Founded 1933
Sector Manufacturing
Employees2,725
Revenue 761M USD (2021)
DESCRIPTION

Myers Industries is a diversified, international plastics manufacturer of returnable packaging, storage and safety products and specialty molding. The Company is also the largest wholesale tire repair supply distributor in the United States. Myers Industries was founded in 1933 and is based in Akron, Ohio.

DEAL STATS #
Overall 8 of 8
Sector (Manufacturing) 3 of 3
Type (Add-on Acquisition) 8 of 8
State (Texas) 1 of 1
Country (United States) 7 of 7
Year (2024) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-01 Mohawk Rubber Sales of New England

Hingham, Massachusetts, United States

Mohawk Rubber Sales of New England is an auto aftermarket distributor with a long-standing reputation for quality and service. Mohawk Rubber Sales of New England was founded in 1932 and is based in Hingham, Massachusetts.

Buy -

Seller(S) 1

SELLER

Center Rock Capital Partners

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 2017
Size Middle-Market
Type Sector Focused
DESCRIPTION

Center Rock Partners is a private investment group focused on investing in middle-market industrial companies headquartered in North America that serve domestic and global markets. The Firm generally pursues companies with $25 to $500 million in revenue and up to $50 million of EBITDA. Specific areas of interest include Industrial manufacturing, industrial distribution and industrial services. Center Rock Capital Partners was formed in 2017 and is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 1 of 1
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Texas) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-11 Power Services Group

Cape Coral, Florida, United States

Power Services Group is an independent provider of highly technical turbine generator maintenance, repair and overhaul services primarily serving the power, industrial and petrochemical markets. Power Services Group is based in Cape Coral, Florida.

Buy -
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