M&A Deal Summary

Brightstar Capital Partners Acquires Douglas Products & Packaging

On September 21, 2023, private equity firm Brightstar Capital Partners acquired packaging company Douglas Products & Packaging from Altamont Capital Partners

Acquisition Highlights
  • This is Brightstar Capital Partners’ 1st transaction in the Packaging sector.
  • This is Brightstar Capital Partners’ 13th transaction in the United States.
  • This is Brightstar Capital Partners’ 2nd transaction in Missouri.

M&A Deal Summary

Date 2023-09-21
Target Douglas Products & Packaging
Sector Packaging
Buyer(s) Brightstar Capital Partners
Sellers(s) Altamont Capital Partners
Deal Type Secondary Buyout
Advisor(s) Evercore Group (Financial)
Ropes & Gray (Legal)

Target

Douglas Products & Packaging

Liberty, Missouri, United States
Douglas Products & Packaging is a specialty products manufacturer and marketer of high-quality brands in the global agriculture production and structural pest control markets. Douglas Products & Packaging is based in Liberty, Missouri.

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Buyer(S) 1

Buyer
DESCRIPTION

Brightstar Capital Partners is a middle-market private equity firm focused on partnering with closely held and family-owned companies. Sectors of interest include business services, consumer products/services, and industrials. Brightstar Capital Partners was established in 2015 and is based in New York City.


DEAL STATS #
Overall 14 of 17
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 4 of 5
State (Missouri) 2 of 2
Country (United States) 13 of 16
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-09-21 Ausenco Engineering Canada

Burlington, Ontario, Canada

Ausenco Engineering Canada is a provider of consulting, project delivery and asset management solutions to the minerals & metals, oil & gas and industrial sectors. Ausenco Engineering Canada is based in Burlington, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-13 Gateway Dealer Network

Valley Park, Missouri, United States

Gateway Dealer Network is a provider of industrial equipment that operates principally as a provider of Bobcat-branded industrial equipment across a footprint of 31 locations in 10 states throughout the Midwest, Southeast, and Western US. In addition to operating as a dealer of new and used equipment, the Company provides parts and services for industrial equipment and maintains a rental fleet. Gateway Dealer Network is based in Valley Park, Missouri.

Sell -

Seller(S) 1

SELLER

Altamont Capital Partners

Palo Alto, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Altamont Capital is a private equity group focused on acquiring US-based middle-market companies. The Firm has a particular interest in companies undergoing a transition, either operational or strategic, in which Altamont believes it can help navigate. Altamont can invest up to $150 million of equity per transaction and looks for businesses with EBITDA up to $100 million. The Firm prefers control transactions and targets a range of transaction types, including corporate carve-outs, build-ups, take-privates, and founder transitions. Sectors of interest include business services, financial services, industrials, healthcare, consumer, retail, restaurants, franchising, and technology. Altamont Partners was formed in 2010 and is based in Palo Alto, California.


DEAL STATS #
Overall 15 of 17
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 4 of 5
State (Missouri) 1 of 1
Country (United States) 14 of 16
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-07-14 Augment Risk

London, United Kingdom

Augment Risk is a global specialist capital solutions and reinsurance brokerage intermediary, which designs and places protections for P&C insurance companies and managing general agent (MGA) clients. Augment Risk is based in London, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-01 Hadron

Alpharetta, Georgia, United States

Hadron is a hybrid insurance carrier that provides technology, services, and balance sheet capital capacity to managing general underwriters. Hadron is based in Alpharetta, Georgia.

Buy -