M&A Deal Summary

Cedar Ridge Acquires Oneida Molded Plastics

On September 8, 2021, Cedar Ridge acquired plastics company Oneida Molded Plastics from Laud Collier Capital and Argosy Private Equity

Acquisition Highlights
  • This is Cedar Ridge’s 1st transaction in the Plastics sector.
  • This is Cedar Ridge’s 1st transaction in the United States.
  • This is Cedar Ridge’s 1st transaction in New York.

M&A Deal Summary

Date 2021-09-08
Target Oneida Molded Plastics
Sector Plastics
Buyer(s) Cedar Ridge
Sellers(s) Laud Collier Capital
Argosy Private Equity
Deal Type Add-on Acquisition

Target

Oneida Molded Plastics

Oneida, New York, United States
Oneida Molded Plastics is a manufacturer of premium injection-molded plastic products and high quality secondary value-added services. Oneida Molded Plastics was founded in 1964 and is based in Oneida, New York.

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Buyer(S) 1

Buyer

Cedar Ridge

Mankato, Minnesota, United States

Category Company
Sector Financial Services
DESCRIPTION

Cedar Ridge is a private investment company focused on building generational businesses. Focusing on longevity and sustainability, Cedar Ridge partners with owners and management teams who share the core values of honesty, trust, collaboration and hard work. Cedar Ridge is based in Mankato, Minnesota.


DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (New York) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 2

SELLER

Laud Collier Capital

Short Hills, New Jersey, United States

Investor Investor Investor


Category Merchant Bank
Founded 2002
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Laud Collier Capital LLC is a private equity firm focused on acquiring controlling interests in US based middle-market companies. Sectors of interest include basic materials, consumer products, business services, distribution, and transportation. Laud Collier looks to commit $5 to $25 million of equity capital per transaction in companies valued up to $150 million. Laud Collier will not invest in oil and gas exploration, real estate, technology development, or retailing. Laud Collier Capital LLC was formed in 2002 and is based in Chatham, New Jersey.


DEAL STATS #
Overall 12 of 12
Sector (Plastics) 4 of 4
Type (Add-on Acquisition) 7 of 7
State (New York) 1 of 1
Country (United States) 12 of 12
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-20 BPX Logistics

Greenwood, Indiana, United States

BPX Logistics is a truckload carrier providing local and linehaul intermodal transportation services; management of container yards and handling both import and export traffic into and out of the major Southeastern seaports and rail ramps, ports. BPX Logistics was founded in 1995 and is based in Greenwood, Indiana.

Buy -
SELLER

Argosy Private Equity

Wayne, Pennsylvania, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1990
PE ASSETS 575M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Argosy Private Equity is the private equity arm of Argosy Capital, an asset management firm. Argosy Private Equity provides both debt and equity capital to lower middle-market companies located throughout the US. Argosy focuses on growth companies with experienced management teams and revenues between $15 and $100 million and EBITDA of $3 to $9 million. Argosy looks to invest $5 - $20 million per transaction. Specific areas of interest include manufacturing, business services, franchising and Value added distributions. The Firm will consider a variety of transaction types, including MBO’s, recapitalizations, growth equity and acquisitions. Argosy was formed in 1990 and is based in Wayne, Pennsylvania.


DEAL STATS #
Overall 43 of 52
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 30 of 38
State (New York) 3 of 3
Country (United States) 43 of 52
Year (2021) 4 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-13 Library Systems & Services

Riverside, California, United States

Library Systems & Services is a provider of outsourced library management services to municipalities in the United States. The company provides comprehensive, turnkey management services. Library Systems & Services was founded in 1981 and is based in Riverside, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 Breezesta

New Holland, Pennsylvania, United States

Breezesta is a manufacturer of recycled poly-resin outdoor furniture and accessories. Breezesta was founded in 2004 and is based in New Holland, Pennsylvania.

Sell -