M&A Deal Summary

Caplugs Acquires Medbio

On November 30, 2021, Caplugs acquired packaging company Medbio from Graham Partners

Acquisition Highlights
  • This is Caplugs’ 1st transaction in the Packaging sector.
  • This is Caplugs’ 3rd transaction in the United States.
  • This is Caplugs’ 1st transaction in Michigan.

M&A Deal Summary

Date 2021-11-30
Target Medbio
Sector Packaging
Buyer(s) Caplugs
Sellers(s) Graham Partners
Deal Type Add-on Acquisition

Target

Medbio

Grand Rapids, Michigan, United States
Medbio is an outsource manufacturer specializing in clean room injection molding of plastic components for medical and biotechnology devices, as well as mold tooling, device assembly, and packaging. The company manufactures single use, disposable products for high growth end markets and is differentiated by its ability to serve as a one-stop-shop for outsourced manufacturing. Medbio’s niche position has resulted in longstanding customer relationships in an industry that is benefiting from multiple conversion tailwinds and attractive macro healthcare trends. Medbio was founded in 2007 and is based in Grand Rapids, Michigan.

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Buyer(S) 1

Buyer

Caplugs

Buffalo, New York, United States

Category Company
Founded 1948
Sector Plastics
DESCRIPTION

Caplugs is a designer, manufacturer and marketer of injection-molded plastic and vinyl protection products. Caplugs has six manufacturing processes, including injection molding, vinyl-dip molding, vinyl coating, extrusion, compression molding, and die-cutting that offer customers a wide range of options and bring value as a long-term partner. Caplugs has ten global manufacturing facilities in New York, Pennsylvania, California, Texas, Holland, Belgium, Australia, Canada, and China. Caplugs was founded in 1948 and is headquartered in Buffalo, New York.


DEAL STATS #
Overall 3 of 3
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Michigan) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-03 Tri Star Protector Service

New Caney, Texas, United States

Tri-Star Protector ("Tri-Star") provides an environmental service to upstream oil & gas companies throughout North America and other international markets via the collection, refurbishment, and resale of pipe thread protectors.

Buy -

Seller(S) 1

SELLER

Graham Partners

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graham Partners is a private equity that targets middle market industrial and manufacturing companies. The Firm seeks to invest in businesses based in the US and also consider investments in Canada and Western Europe. Graham Partners focuses on strong growth potential companies with high return on invested capital, led by experienced management teams in revenues between $30 - $500 million and EBITDA between $10 million and $50 million. The firm typically invests between $10 million and $100 million in equity and the balance via debt and can invest higher than $100 million through co-investments. Broad areas of interest include building products, water management, medical products, consumer products, packaged food & beverage, packaging, aerospace/defense, agriculture, capital equipment, energy related products, home and outdoor, sports and leisure, and transportation services. Prospective transaction types include MBOs, recapitalization and growth capital financing. Graham Partners is an affiliate of The Graham Group was formed in 1988 and is based in Newton Square, Pennsylvania.


DEAL STATS #
Overall 31 of 37
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 10 of 14
State (Michigan) 2 of 2
Country (United States) 29 of 34
Year (2021) 3 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-15 BrightSign

Los Gatos, California, United States

BrightSign provides digital signage media players, cloud networking, and presentation authoring solutions for the commercial digital signage industry. BrightSign was founded in 2002 and is based in Los Gatos, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-01 Woodland Foods

Waukegan, Illinois, United States

Woodland Foods is a provider of global plant-based ingredients, including herbs and spices, rice and grains, and other specialty food products. Woodland Foods was founded in 1989 and is based in Waukegan, Illinois.

Buy -