M&A Deal Summary

Balmoral Funds Acquires Epsilyte

On September 14, 2020, private equity firm Balmoral Funds acquired chemicals company Epsilyte from Flint Hills Resources

Acquisition Highlights
  • This is Balmoral Funds’ 1st transaction in the Chemicals sector.
  • This is Balmoral Funds’ 14th transaction in the United States.
  • This is Balmoral Funds’ 3rd transaction in Texas.

M&A Deal Summary
Date 2020-09-14
Target Epsilyte
Sector Chemicals
Buyer(s) Balmoral Funds
Sellers(s) Flint Hills Resources
Deal Type Divestiture

Target

Epsilyte

The Woodlands, Texas, United States
Epsilyte is a premier EPS manufacturer in the North America. The company specializes in producing high-quality expanded polystyrene (EPS) beads for use in insulation materials, packing, safety equipment, geofoam, ICF blocks, foam wall insulation panels, and food and beverage containers. Epsilyte also offer products that are recyclable and biodegradable. Epsilyte is based in The Woodlands, Texas.

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Buyer(S) 1

Buyer

Balmoral Funds

Los Angeles, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Balmoral Funds is a private equity firm which targets recapitalizations, special situations, and acquisitions of small and middle-market companies. Typical investment candidates are located in the US or Canada, undergoing operational challenges with up to $400 million of revenue. Sectors of interest include manufacturing, business services, consumer products, retail, and value-added distribution. The Firm's target investment size is $5 to $40 million. Balmoral Funds was established in 2005 and is based in Los Angeles, California.

DEAL STATS #
Overall 14 of 18
Sector (Chemicals) 1 of 2
Type (Divestiture) 3 of 5
State (Texas) 3 of 4
Country (United States) 14 of 18
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-01 KP Aviation

Mesa, Arizona, United States

KP Aviation is an aerospace aftermarket sale and leasing company provides essential aftermarket materials and services, catering. KP Aviation is based in Mesa, Arizona.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-04 VESTA Modular

Southfield, Michigan, United States

VESTA Modular is a provider of temporary and permanent modular space solutions across a diverse base of end markets and applications. VESTA Modular operates two divisions modular space leasing whereby it leases units from its owned fleet of over 6,000 units to customers across a range of end markets and modular project installation whereby it facilitates the design, construction, and installation of modular spaces.VESTA Modular was founded in 2014 and is based in Southfield, Michigan.

Sell -

Seller(S) 1

SELLER

Flint Hills Resources

Wichita, Kansas, United States
Category Company
Founded 2002
Sector Oil/Gas Exploration
DESCRIPTION

Flint Hills Resources is an independent refining, chemicals, and biofuels and ingredients company.

DEAL STATS #
Overall 3 of 3
Sector (Chemicals) 2 of 2
Type (Divestiture) 3 of 3
State (Texas) 1 of 1
Country (United States) 3 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-26 Flint Hills Resources - Chemicals Intermediates Business

Chicago, Illinois, United States

Flint Hills Resources' chemicals intermediates business comprises of production facilities making purified Isophthalic acid (PIA), trimellitic anhydride (TMA) and maleic anhydride (MAN) located near Chicago, Illinois. It also has offices and distribution operations at various locations in the USA, Europe and Asia.

Sell -
Mergr

Product

Company

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