M&A Deal Summary

Atlas Holdings Acquires Saxco

On January 4, 2019, private equity firm Atlas Holdings acquired packaging company Saxco from The Sterling Group and BNPP Capital Partners

Acquisition Highlights
  • This is Atlas Holdings’ 4th transaction in the Packaging sector.
  • This is Atlas Holdings’ 20th transaction in the United States.
  • This is Atlas Holdings’ 1st transaction in California.

M&A Deal Summary

Date 2019-01-04
Target Saxco
Sector Packaging
Buyer(s) Atlas Holdings
Sellers(s) The Sterling Group
BNPP Capital Partners
Deal Type Secondary Buyout

Target

Saxco

Concord, California, United States
Saxco International LLC is a provider of rigid packaging solutions to the wine, beer, liquor, and food industries. Saxco International was founded in 1936 and is based in Concord, California.

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Buyer(S) 1

Buyer

Atlas Holdings

Greenwich, Connecticut, United States

Category Private Equity Firm
Founded 2002
Size Large
Type Sector Agnostic
DESCRIPTION

Atlas Holdings is a private equity and investment holding firm focused on acquiring controlling interests in businesses operating in traditional, basic industries. Areas of interest include automotive, business services, industrial services, building materials, pulp and paper, distribution, energy, packaging, specialty steel and wood products. The Firm will participate in bankruptcy investments, highly structured equity and debt investments, leveraged ESOP acquisitions, out-of-court restructurings, and roll-ups. Atlas typically partners with private and institutional investors and structures one investment at a time. Atlas Holdings was established in 2002 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 24 of 35
Sector (Packaging) 4 of 4
Type (Secondary Buyout) 2 of 5
State (California) 1 of 2
Country (United States) 20 of 29
Year (2019) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-05 Erickson Construction

Chandler, Arizona, United States

Erickson Construction Co., Inc. is a construction services and pre-fabricated building products company. It provides turnkey framing services, framing packages, trusses, and other products to builders and developers. Erickson Construction Co., Inc. was founded in 1975 and is based in Chandler, Arizona.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-30 International Wire Group

Camden, New York, United States

International Wire Group is a designer and manufacturer of highly-engineered copper-based wire products. IWG’s products are utilized in end markets such as industrial and energy, electronics and data communications, automotive and specialty vehicles, aerospace and defense, medical products and consumer and appliance industries. International Wire Group was formed in 1995 and is based in Camden, New York.

Buy -

Seller(S) 2

SELLER

The Sterling Group

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 2.1B USD
Size Large
Type Sector Agnostic
DESCRIPTION

The Sterling Group is a private equity firm focused on acquiring middle-market businesses within basic manufacturing, industrial services, and distribution. Sterling looks for companies valued from $100 to $750 million with positive cash-flow, strong market positions, and potential to grow. Sterling avoids investments in financial services, real estate, healthcare, or information technology companies. The Sterling Group was formed in 1982 and is based in Houston, Texas.


DEAL STATS #
Overall 26 of 29
Sector (Packaging) 3 of 3
Type (Secondary Buyout) 12 of 15
State (California) 1 of 1
Country (United States) 23 of 26
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-17 Artisan Design Group

Southlake, Texas, United States

Artisan Design Group is a dealer of flooring products and services, providing design, procurement, installation and quality control of flooring and complimentary products for homebuilders. ADG operates 39 distribution, design and service facilities and coordinates installation through over 800 independent contractors across 13 states. Headquartered in Southlake, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-06 Process Barron

Pelham, Alabama, United States

Process Barron designs, manufactures, and installs industrial process fans and material handling systems and provides follow-on service and maintenance for this equipment. Process Barron serves various industries including pulp and paper, power, steel, cement, food, and agriculture. Process Barron was founded in 1981 and is based in Pelham, Alabama.

Sell -
SELLER
DESCRIPTION

BNPP Capital Partners is the private equity investment arm of BNP Paribas in North America. The Group provides both equity and mezzanine capital to support buyouts or recapitalizations of middle-market companies. BNPP will also consider providing capital to help fund growth initiatives. The Firm prefers minority investments situations and often partners with outside equity sponsors. BNPP will consider investments in a wide range of industries. Sectors of interest include business services, manufacturing/distribution, consumer products and services, electronics & technology, healthcare, power generation equipment, environmental services, financial services, food/beverage & restaurants, aerospace/defense, media communications and advertising, natural resources and transportation. BNPP Capital Partners was formed in 1991 and is headquartered in Paris, France.


DEAL STATS #
Overall 7 of 9
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 3 of 3
State (California) 1 of 1
Country (United States) 1 of 2
Year (2019) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-08 Direct Medica

Boulogne-Billancourt, France

Direct Medica is a player in multi-channel relationship management in the healthcare sector in France and is recognised for its abilities to add value and continuously provide innovative solutions. The company serves a broad client base: pharmaceutical laboratories, hospitals, health insurance companies, institutional players and public authorities.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-23 Anteryon

Eindhoven, Netherlands

Anteryon designs and produces the highest quality, smallest and lowest costs micro-optics and refractive-optics enabling wafer-based production, packaging and integration of optics with light sensors and light sources.

Sell -