M&A Deal Summary

Ausable Capital Partners Acquires Triple Diamond Plastics

On September 1, 2022, private equity firm Ausable Capital Partners acquired plastics company Triple Diamond Plastics

Acquisition Highlights
  • This is Ausable Capital Partners’ 1st transaction in the Plastics sector.
  • This is Ausable Capital Partners’ 2nd transaction in the United States.
  • This is Ausable Capital Partners’ 1st transaction in Michigan.

M&A Deal Summary

Date 2022-09-01
Target Triple Diamond Plastics
Sector Plastics
Buyer(s) Ausable Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Triple Diamond Plastics

Jonesville, Michigan, United States
Triple Diamond Plastics is providing dependable collapsible containers, plastic crates, and plastic pallets for diverse industries. Triple Diamond Plastics was founded in 2005 and is based in Jonesville, Michigan.

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Buyer(S) 1

Buyer

Ausable Capital Partners

Santa Monica, California, United States

Category Private Equity Firm
Founded 2010
Size Small
Type Sector Agnostic
DESCRIPTION

Ausable Capital Corp. is a distress-oriented investment firm. AuSable targets companies with $20 million to $1 billion of revenue undergoing varying degrees of operational, financial or market-driven change. Sectors of interest include building materials, energy services, industrial controls, manufacturing, packaging, food, distribution, and aerospace. Prospective transaction situations can include corporate carve-outs, operational and financial restructurings, recapitalizations, MBOs, §363 bankruptcy processes, and consolidation and buy and build strategies. AuSable Capital was established in 2010 and is based in Santa Monica, California.


DEAL STATS #
Overall 2 of 2
Sector: Plastics M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
State: Michigan M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 Negri Bossi

Cologno Monzese, Italy

Negri Bossi manufactures and distributes plastic injection molding machinery. Negri Bossi owns manufacturing facilities in Italy and in India. Negri Bossi produces a variety of products to address all of these needs that include large hydraulic machines all the way to all electric machines. Injection molding machinery is used for making such items as automotive and appliance parts, packaging for food, consumer goods and medical needs, plastic parts for various industries such as electronics and consumer products. Negri Bossi was founded in 1947 and is based in Cologno Monzese, Italy.

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