M&A Deal Summary

Avient Acquires Fiber-Line

On January 2, 2019, Avient acquired electrical equipment company Fiber-Line from Taglich Private Equity and Ironwood Capital for 120M USD

Acquisition Highlights
  • This is Avient’s 1st transaction in the Electrical Equipment sector.
  • This is Avient’s 5th largest (disclosed) transaction.
  • This is Avient’s 14th transaction in the United States.
  • This is Avient’s 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2019-01-02
Target Fiber-Line
Sector Electrical Equipment
Buyer(s) Avient
Sellers(s) Taglich Private Equity
Ironwood Capital
Deal Type Add-on Acquisition
Deal Value 120M USD

Target

Fiber-Line

Hatfield, Pennsylvania, United States
Fiber-Line, Inc. is a manufacturer of high-performance, coated fibers. Fiber-Line takes raw fiber and applies proprietary, innovative coatings in a specialized manufacturing process (which includes twisting, winding and splicing) to enhance the performance characteristics of the fiber for use in a variety of industries, including fiber optics, oil & gas, composites and industrial. Fiber-Line, Inc. was founded in 1987 and is based in Hatfield, Pennsylvania.

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Buyer(S) 1

Buyer

Avient

Avon Lake, Ohio, United States
Category Company
Founded 1885
Sector Plastics
Employees9,300
Revenue 3.1B USD (2023)
DESCRIPTION

Avient is a provider of specialized polymer materials, services and solutions. Avient was incorporated in 1885 and is based in Avon Lake, Ohio.

DEAL STATS #
Overall 18 of 20
Sector (Electrical Equipment) 1 of 1
Type (Add-on Acquisition) 13 of 13
State (Pennsylvania) 1 of 1
Country (United States) 14 of 14
Year (2019) 1 of 2
Size (of disclosed) 5 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-01 PlastiComp

Winona, Minnesota, United States

PlastiComp, Inc. is an advanced engineered materials innovator and producer of specialty composites. PlastiComp is based in Winona, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 GEON

Westlake, Ohio, United States

GEON is a provider of formulated PVC and polypropylene-based solutions, as well as contract manufacturing services, primarily serving the North American Construction and Automotive end markets. GEON is based in Westlake, Ohio.

Sell $775M

Seller(S) 2

SELLER

Taglich Private Equity

New York, New York, United States
Category Private Equity Firm
Founded 2001
Size Small
Type Sector Agnostic
DESCRIPTION

Taglich Private Equity is a private equity firm focused on investing in US-based, lower middle market manufacturing, business service, and consumer product companies. The Firm prefers businesses with strong growth prospects and leading market positions. Taglich looks to invest $3 to $20 million and will consider funding a variety of investment situations - including management buyouts, recapitalizations, secondary buyouts, ownership transitions, divestitures, and growth capital financings. Taglich Private Equity was formed in 2001 and is based in New York City.

DEAL STATS #
Overall 16 of 17
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 7 of 7
State (Pennsylvania) 2 of 2
Country (United States) 16 of 17
Year (2019) 1 of 1
Size (of disclosed) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-12-17 Defiance Metal Products

Defiance, Ohio, United States

Defiance Metal Products, Inc. is a full-service, precision manufacturer of low- to medium-volume, complex, engineered components and assemblies for the commercial vehicle market. Defiance serves original equipment manufacturers in the medium to heavy duty commercial truck, bus, military vehicle and commercial construction equipment markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-22 AFR

Valencia, California, United States

AFR is a provider of performance aftermarket cylinder heads and intake manifolds. AFR has built a strong brand supplying high-quality automotive aftermarket parts with a focus on the racing and street/strip racing industry. AFR’s products are made from high-caliber aluminum and are highly engineered to significantly improve performance. AFR was founded in 1970 and is based in Valencia, California.

Buy -
SELLER

Ironwood Capital

Avon, Connecticut, United States

Investor Investor Investor Investor Investor

Category Growth Capital Firm
Founded 1986
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Ironwood Capital is a private investment firm that makes equity and subordinated debt investments in lower middle-market companies. Investment proceeds are generally used to support leveraged buyouts, growth financings, and recapitalizations. Investments typically range from $10 to $40 million in companies generating $20 to $250 million in annual sales. Target sectors include healthcare products/services, value-added manufacturing, business services, consumer products, specialty distribution, and education. Ironwood prefers opportunities East of the Mississippi, but will selectively consider investments in the Western US. The Firm's investment horizon is three to five years. Ironwood Capital was formed in 2002 and is based in Avon, Connecticut.

DEAL STATS #
Overall 28 of 53
Sector (Electrical Equipment) 2 of 2
Type (Add-on Acquisition) 18 of 32
State (Pennsylvania) 2 of 2
Country (United States) 28 of 53
Year (2019) 1 of 7
Size (of disclosed) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-01 DSI Logistics

Brea, California, United States

DSI Logistics is a non-asset based provider of last-mile home delivery and installation for heavy and hard to handle goods. DSI Logistics was founded in 1997 and is based in Brea, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-30 Dancing Deer Baking

Boston, Massachusetts, United States

Dancing Deer Baking Co. is a manufacturer of all-natural cookies and cakes. Dancing Deer Baking sells its products through the grocery, direct-to-consumer, reseller, and corporate channels. Dancing Deer Baking Co. was established in 1994 and is based in Boston, Massachusetts.

Sell -
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