M&A Deal Summary

CC Industries Acquires Selig Sealing Products

On August 3, 2015, CC Industries acquired packaging company Selig Sealing Products from Behrman Capital and American Capital

Acquisition Highlights
  • This is CC Industries’ 1st transaction in the Packaging sector.
  • This is CC Industries’ 1st transaction in the United States.
  • This is CC Industries’ 1st transaction in Illinois.

M&A Deal Summary
Date 2015-08-03
Target Selig Sealing Products
Sector Packaging
Buyer(s) CC Industries
Sellers(s) Behrman Capital
American Capital
Deal Type Add-on Acquisition
Advisor(s) Lazard Middle Market
William Blair (Financial)
Goodwin Procter (Legal)

Target

Selig Sealing Products

Forrest, Illinois, United States
Selig Sealing Products, Inc. is a designer and manufacturer of highly engineered closure liner solutions for food, beverage, pharmaceutical, healthcare, personal care and industrial applications.

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Buyer(S) 1

Buyer

CC Industries

Chicago, Illinois, United States
Category Company
Founded 1986
Sector Business Services
DESCRIPTION

CC Industries, Inc. operates under the umbrella of Henry Crown & Company and is the holding and management company for the Crown family’s privately held operating companies. CC Industries, Inc. was founded in 1986 and is based in Chicago, Illinois.

DEAL STATS #
Overall 1 of 4
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (Illinois) 1 of 1
Country (United States) 1 of 4
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-10-22 Bush Hog

Selma, Alabama, United States

Bush Hog, Inc. is a manufacturer of agricultural mowing equipment in North America.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-30 Southern Towing

Memphis, Tennessee, United States

Southern Towing Co. is a transporter of fertilizer and other products along the inland waterways of the United States. STC operates a fleet of towboats and barges to provide marine transportation services to customers in the agriculture and industrial end markets. Southern Towing Co. was founded in 1958 and is based in Memphis, Tennessee.

Buy -

Seller(S) 2

SELLER

Behrman Capital

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1991
PE ASSETS 4.0B USD
Size Large
Type Sector Focused
DESCRIPTION

Behrman Capital is a private equity firm focused on management buyouts, leveraged buildups and recapitalizations of established growth companies. Areas of interest include healthcare, defense, specialty manufacturing, business to business outsourcing, and information technology. Behrman looks to invest in the range from $25 to $125 million of equity capital in companies generating sales of $25 to $250 million. Behrman Capital was formed in 1991. The Firm is based in New York City with an additional office in San Francisco.

DEAL STATS #
Overall 16 of 23
Sector (Packaging) 2 of 2
Type (Add-on Acquisition) 5 of 7
State (Illinois) 2 of 2
Country (United States) 16 of 23
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-23 Carr Management Holdings

Nashua, New Hampshire, United States

Carr Management Holdings is a specialized manufacturer of blow-molded, high-density polyethylene bottles for the dairy, water, food, industrial and nutraceutical industries. Carr Management Holdings is based in Nashua, New Hampshire.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-24 Data Device

Bohemia, New York, United States

Data Device Corp. is a manufacturer of data bus, motion control, and solid state power controller products for a wide range of aerospace, defense and industrial applications. The company’s products are “designed-in” to a wide range vehicles and platforms, including most major North American and Western European military platforms. The company manufactures its products in New York and Ensenada, Mexico.

Sell $1.0B
SELLER

American Capital

Category Private Equity Firm
Founded 1997
PE ASSETS 22.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

American Capital was a publicly traded buyout and mezzanine investment firm. American Capital invested in buyouts, growth capital financings, acquistion financings, and recapitalizations. The Firm looked to finance businesses with at least $4 million in EBITDA and valued between $20 and $500 million. American Capital ws a generalist firm with broad interest in traditional industries such as manufacturing, distribution, and services. American Capital's European investment affiliate is European Capital. European Capital looked to invest $10 to $600 million of equity, mezzanine, and/or senior debt in similar opportunities across Europe. American Capital was formed in 1997 and in January 2017, merged with Ares Capital Management.

DEAL STATS #
Overall 167 of 194
Sector (Packaging) 3 of 4
Type (Add-on Acquisition) 80 of 87
State (Illinois) 8 of 9
Country (United States) 162 of 186
Year (2015) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-28 Infiltrator Water Technologies

Old Saybrook, Connecticut, United States

Infiltrator Water Technologies LLC is a manufacturer of products for the water and wastewater industries. Infiltrator manufactures a variety of revolutionary products and innovative, environmentally friendly alternatives to traditional stone and pipe leachfield and concrete septic wastewater system components. Infiltrator Water Technologies LLC was founded in 1987 and is based in Old Saybrook, Connecticut.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-10-01 ThreeSixty Group

Hong Kong, China

ThreeSixty Group designs develop and sources hardline consumer products within the children’s activity, home décor, men’s gift, and other accessories categories. ThreeSixty Group was founded in 2001 and is based in Hong Kong, China.

Sell -
Mergr

Product

Company

Legal