M&A Deal Summary

Madison Capital Partners and Peninsula Capital Partners Acquires Brown Plastics Machinery

On December 1, 1998, Madison Capital Partners and mezzanine finance firm Peninsula Capital Partners L.L.C. acquired machinery company Brown Plastics Machinery LLC for 62M USD

Acquisition Highlights
  • This is Madison Capital Partners’ 3rd and Peninsula Capital Partners’ 1st transaction in the Machinery sector.
  • This is Madison Capital Partners’ 3rd and Peninsula Capital Partners’ 1st largest (disclosed) transaction.
  • This is Madison Capital Partners’ 5th and Peninsula Capital Partners’ 12th transaction in the United States.
  • This is Madison Capital Partners’ 4th and Peninsula Capital Partners’ 5th transaction in Michigan.
Investment Fate
  • Brown Plastics Machinery was sold to a strategic buyer in 2007.

M&A Deal Summary

Date 1998-12-01
Target Brown Plastics Machinery LLC
Sector Machinery
Buyer(s) Madison Capital Partners
Peninsula Capital Partners L.L.C.
Deal Type Buyout (LBO, MBO, MBI)
Deal Value 62M USD

Target

Brown Plastics Machinery LLC

Beaverton, Michigan, United States
website
Brown Machine is a leading global manufacturer of thermoforming machinery for the plastics processing industry. Brown Machine offers a complete line of both continuous and cut-sheet thermoforming equipment to the packaging, automotive and appliance industries. Brown is located in Beaverton, Michigan and London, United Kingdom.

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Buyer(S) 2

Buyer

Madison Capital Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website


Category Private Equity Firm
Founded 1994
SizeLarge
Type Sector Focused
DESCRIPTION

Madison Capital Partners is a private equity firm that targets growth investments in industrial manufacturing companies. Madison prefers businesses with a defensible market niche, established technology, and significant cash-flow growth potential. Madison will also consider turnaround situations. Target opportunities generally have sales between $50 million and $2 billion. Madison Capital Partners is based in Chicago, Illinois.


DEAL STATS #
Overall 5 of 25
Sector (Machinery) 3 of 8
Type (Buyout (LBO, MBO, MBI)) 3 of 8
State (Michigan) 4 of 5
Country (United States) 5 of 22
Year (1998) 3 of 3
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-01-01 Epco Machinery LLC

Beaverton, Michigan, United States

Epco Machinery LLC is a non-OEM remanufacturer of plastics machinery and die casting machinery.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-03-01 Plastron Industries LP

Bensenville, Illinois, United States

Plastron Industries, located in Bensenville, Illinois, is the leading plastic injection molder of thermoplastic bobbins for the electronics industry. Bobbins are used in transformers that supply power to home appliances, personal communications equipment, power tools, small motors, lighting ballasts, safety equipment, computer equipment and automobile dashboards.

Sell $20M
Buyer

Peninsula Capital Partners L.L.C.

Detroit, Michigan, United States

Investor Investor Investor Investor Investor

website


Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 1.9B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

Peninsula Capital Partners is an investment group focused on providing a range of financing solutions to middle-market companies. The Firm is willing to be a minority or control investor and invests across the capital structure. This includes subordinated debt, preferred or common stock. For mezzanine commitments, Peninsula looks to invest $5 to $40 million. For equity transactions, Peninsula looks to invest $2 to $20 million. Peninsula is a generalist investor. Target sectors include manufacturing, industrial service, distribution, consumer products, professional services, retail, applied technology, transportation, food processing and packaging. Peninsula Capital Partners was formed in 1995 and is based in Detroit, Michigan.


DEAL STATS #
Overall 12 of 120
Sector (Machinery) 1 of 3
Type (Buyout (LBO, MBO, MBI)) 7 of 62
State (Michigan) 5 of 15
Country (United States) 12 of 113
Year (1998) 4 of 4
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1998-11-01 International Resources LLC

Northbrook, Illinois, United States

International Resources, L.L.C. designs, contract manufactures, markets, and sells collectibles, primarily during the Christmas selling season, under the trademarked names of “Liberty Falls” and “International Santas.” International Resources sells its products through over 800 stores in 45 states.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1999-04-01 Paramount Cards, Inc.

Pawtucket, Rhode Island, United States

Paramount Cards, Inc. is a publisher of greeting cards located in Pawtucket, Rhode Island. The Company distributes its cards primarily through deep discount card shops, including its own chain of stores known as Card$mart (62 licensee and 5 company-owned stores), party stores and other discount retail channels. It is the fifth largest card maker in the U.S., behind Hallmark, American Greetings, Gibson and Recycled Greetings, Inc. The Company specializes in more traditional premium quality cards that retail at prices 50% or more below the printed price on the card.

Buy -