M&A Deal Summary

Akoya Capital Partners, Trinity Investors and NewSpring Capital Acquire WePackItAll

On June 27, 2022, private equity firms Akoya Capital Partners, Trinity Investors and NewSpring Capital acquired packaging company WePackItAll

Acquisition Highlights
  • This is Akoya Capital Partners’ 1st, Trinity Investors’ 1st and NewSpring Capital’s 2nd transaction in the Packaging sector.
  • This is Akoya Capital Partners’ 22nd, Trinity Investors’ 18th and NewSpring Capital’s 173rd transaction in the United States.
  • This is Akoya Capital Partners’ 1st, Trinity Investors’ 2nd and NewSpring Capital’s 12th transaction in California.

M&A Deal Summary
Date 2022-06-27
Target WePackItAll
Sector Packaging
Buyer(s) Akoya Capital Partners
Trinity Investors
NewSpring Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

WePackItAll

Duarte, California, United States
WePackItAll is a premier supplier of contract packaging, filling, fulfillment, and warehousing services to leading brands in the nutraceutical, dietary supplements, food & beverage, and health & beauty sectors. WPIA’s primary packaging solutions include stick packs, sachets, gummy bottles, powder / tablet bottles, and multipacks. WePackItAll was founded in 1974 and is based in Duarte, California.

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Buyer(S) 3

Buyer

Akoya Capital Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
Size Small
Type Sector Agnostic
DESCRIPTION

Akoya Capital Partners is a private equity firm focused on acquiring profitable US-based middle-market companies with $25 to $200 million in revenue. The Firm generally pursues privately-owned companies, especially family-owned businesses. Sectors of interest include chemicals, food, information services, consumer products, industrial products, and industrial distribution. Akoya Capital Partners was formed in 2005 and is based in Chicago, Illinois.

DEAL STATS #
Overall 22 of 25
Sector (Packaging) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 12 of 14
State (California) 1 of 1
Country (United States) 22 of 25
Year (2022) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 Momentum Manufacturing Group

Georgetown, Massachusetts, United States

Momentum Manufacturing Group provides metal fabrication, machining, powder coating, and assembly operation in New England and serves as a contract manufacturer to a range of consumer and industrial customers. Operations include fabrication and machining with a broad array of process technologies serving diverse end markets. Momentum Manufacturing Group was founded in 1982 and is based in Georgetown, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-02 Alinabal

Milford, Connecticut, United States

Alinabal manufactures spherical rod end bearings, connecting linkages and assemblies, precision stampings, complex mechanical assemblies, special purpose printers, optical shutters, and aircraft instrumentations. Alinabal was founded in 1913 and is based in Milford, Connecticut.

Buy -
Buyer

Trinity Investors

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
Size Small
Type Sector Agnostic
DESCRIPTION

Trinity Investors is a private equity firm focused on direct investments in real estate and operating companies. Trinity Investors was formed in 2006 and is headquartered in Southlake, Texas.

DEAL STATS #
Overall 19 of 19
Sector (Packaging) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 9 of 9
State (California) 2 of 2
Country (United States) 18 of 18
Year (2022) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-04 Hyatt Regency Indian Wells Resort &

Indian Wells, California, United States

Hyatt Regency Indian Wells Resort & Spa is a 530-key hotel located in the Greater Palm Springs area, one of the top drive-to resort markets in the country.

Buy -
Buyer

NewSpring Capital

Radnor, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 3.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

NewSpring Capital is a private investment firm focused on growth companies in the Mid-Atlantic US. The Firm can provide both growth equity and junior capital to prospective companies. NewSpring's target investment size for both mezzanine and equity financing is $2 to $5 million, although for new ventures, the Firm can commit up to $10 million. Sectors of interest include specialty manufacturing, technology, business services, information technology, life science, healthcare services, and medical devices. NewSpring Capital was formed in 1999 and is based in Radnor, Pennsylvania with an additional office in Short Hills, New Jersey.

DEAL STATS #
Overall 177 of 200
Sector (Packaging) 2 of 2
Type (Buyout (LBO, MBO, MBI)) 36 of 44
State (California) 12 of 17
Country (United States) 173 of 196
Year (2022) 7 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-14 VCI Emergency Vehicle Specialists

Berlin, New Jersey, United States

VCI Emergency Vehicle Specialists offers a wide range of value-added services that cover the lifecycle of an ambulance. VCI is the exclusive dealer for Horton, AEV, and Medix vehicles, three prominent ambulance brands in the Mid-Atlantic market. VCI Emergency Vehicle Specialists was founded in 1978 and is based in Berlin, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-12 Lynn Electronics

North Wales, Pennsylvania, United States

Lynn Electronics is a manufacturer of custom fiber optic and copper cable assemblies in addition to offering a full catalog of cabling solutions for the data center and broadband markets. Lynn Electronics was founded in 1964 and is based in North Wales, Pennsylvania.

Sell -
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