Going Private • Manufacturing

Berkshire Partners Acquires US Can

On June 19, 2000, private equity firm Berkshire Partners acquired manufacturer US Can for 276M USD

Acquisition Context
  • This is Berkshire Partners’ 4th transaction in the Manufacturing sector.
  • This is Berkshire Partners’ 6th largest (disclosed) transaction.
  • This is Berkshire Partners’ 20th transaction in the United States.
  • This is Berkshire Partners’ 1st transaction in Illinois.
Investment Fate
  • US Can was sold to a publicly-traded strategic buyer in 2006 for 550M USD.

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M&A Deal Summary

Date June 19, 2000
Target US Can
Sector Manufacturing
Buyer(s) Berkshire Partners
Deal Type Going Private
Deal Value 276M USD

Target Company

US Can

Lombard, Illinois, United States
Manufacturer of steel and plastic containers.
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Buyer Overview 1

Buyer

Berkshire Partners

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Berkshire Partners is a private equity firm focused on investing in businesses with strong management and that lead their respective markets. Berkshire will consider investments in both public and private companies. Prospective transactions for private companies include leveraged buyouts, recapitalizations, growth capital financings, and privatizations. Public company transactions include take-privates, PIPEs, and equity stakes. Berkshire generally looks to invest $150 to $500 million of equity capital per transaction in companies valued up to $2 billion. Sectors of interest include industrial manufacturing, consumer products, retailing, transportation, communications and business services. Berkshire Partners was formed in 1984 and is based in Boston, Massachusetts.


Deal Context for Buyer #
Overall 23 of 106
Sector: Manufacturing 4 of 5
Type: Going Private 1 of 4
State: Illinois 1 of 6
Country: United States 20 of 94
Year: 2000 2 of 4
Size (of disclosed) 6 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-05-01 Savers

Bellevue, Washington, United States

Savers, Inc. is a global thrift retailer offering clothing and accessories for men, women and children and household goods under the Savers, Value Village, Village des Valeurs, Unique Thrift Store and Valu Thrift Store brands. Founded in 1954, Savers operates nearly 290 locations and has more than 17,000 employees across the United States, Canada and Australia.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2000-06-28 Casella

Rutland, Vermont, United States

Casella is a regional, integrated solid waste services company, operating primarily throughout the eastern portion of the United States and parts of Canada. Casella Waste Systems provides collection, transfer, disposal and recycling services, generation of electricity and steam and the manufacture of finished products utilizing recyclable materials. Casella was incorporated in 1975 and is based in Rutland, Vermont.

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