M&A Deal Summary

Arsenal Capital Partners Acquires ThermoSafe

On September 8, 2025, private equity firm Arsenal Capital Partners acquired packaging company ThermoSafe from Sonoco for 725M USD

Acquisition Highlights
  • This is Arsenal Capital Partners’ 3rd transaction in the Packaging sector.
  • This is Arsenal Capital Partners’ largest (disclosed) transaction.
  • This is Arsenal Capital Partners’ 51st transaction in the United States.
  • This is Arsenal Capital Partners’ 5th transaction in Illinois.

M&A Deal Summary

Date 2025-09-08
Target ThermoSafe
Sector Packaging
Buyer(s) Arsenal Capital Partners
Sellers(s) Sonoco
Deal Type Divestiture
Deal Value 725M USD

Target

ThermoSafe

Arlington Heights, Illinois, United States
ThermoSafe is a provider of temperature-controlled packaging solutions ensuring the safe and efficient transport of pharmaceuticals, biologics, vaccines, and other temperature-sensitive products. ThermoSafe is based in Arlington Heights, Illinois.

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Buyer(S) 1

Buyer

Arsenal Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2000
PE ASSETS 10.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Arsenal Capital Partners is a private equity firm focused on middle-market healthcare, specialty industrial, and financial service companies. Specifically, Arsenal looks to acquire businesses in the areas of specialty chemicals, aerospace/defense, transportation, environmental services, business services, insurance, asset management, financial technology, medical products, healthcare IT, and healthcare contract research/manufacturing. The Firm typically seeks to commit $50 to $300 million per investment in profitable businesses with at least $10 million of EBITDA. Funds are generally used to support buyouts, recapitalizations, growth financings, consolidations, and divestitures. The Firm avoids investing in companies reliant on high levels of technology. Arsenal Capital Partners was formed in 2000 and is headquartered in New York City.


DEAL STATS #
Overall 58 of 58
Sector: Packaging M&A 3 of 3
Type: Divestiture M&A Deals 6 of 6
State: Illinois M&A 5 of 5
Country: United States M&A 51 of 51
Year: 2025 M&A 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-04-15 Applied Adhesives

Minnetonka, Minnesota, United States

Applied Adhesives is a distributor of adhesives, dispensing equipment, assembly automation systems, and production tools. Applied Adhesives was founded in 1971 and is based in Minnetonka, Minnesota.

Sell -

Seller(S) 1

SELLER

Sonoco

Hartsville, South Carolina, United States

Category Company
Founded 1899
Sector Packaging
Employees28,000
Revenue 5.3B USD (2024)
DESCRIPTION

Sonoco is a provider of a variety of consumer packaging, industrial products, protective packaging, and displays and packaging supply chain services. Sonoco Products was founded in 1899 and is based in Hartsville, South Carolina.


DEAL STATS #
Overall 6 of 6
Sector: Packaging M&A 4 of 4
Type: Divestiture M&A Deals 6 of 6
State: Illinois M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2025 M&A 1 of 1
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-18 Sonoco Products - Thermoformed & Flexible Packaging

Hartsville, South Carolina, United States

Sonoco Products' Thermoformed & Flexible Packaging specializes in providing packaging solutions for various industries, including food, retail, and medical sectors. Sonoco Products' Thermoformed & Flexible Packaging is based in Hartsville, South Carolina.

Sell $1.8B