M&A Deal Summary

Chase Acquires Neptco

On June 27, 2012, Chase acquired packaging company Neptco from Cornerstone Equity Investors and Nautic Partners for 67M USD

Acquisition Highlights
  • This is Chase’s 1st transaction in the Packaging sector.
  • This is Chase’s 2nd largest (disclosed) transaction.
  • This is Chase’s 1st transaction in the United States.
  • This is Chase’s 1st transaction in Rhode Island.

M&A Deal Summary

Date 2012-06-27
Target Neptco
Sector Packaging
Buyer(s) Chase
Sellers(s) Cornerstone Equity Investors
Nautic Partners
Deal Type Add-on Acquisition
Deal Value 67M USD

Target

Neptco

Pawtucket, Rhode Island, United States
NEPTCO engineers and manufactures materials for the production of copper cable and electronic packaging products used in a wide variety of commercial, industrial and military applications.

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Buyer(S) 1

Buyer

Chase

Westwood, Massachusetts, United States

Category Company
Founded 1946
Sector Manufacturing
Revenue 326M USD (2022)
DESCRIPTION

Chase manufactures and sells protective materials for various applications in the United States and internationally. Chase was incorporated in 1946 and is based in Westwood, Massachusetts.


DEAL STATS #
Overall 1 of 8
Sector: Packaging M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 6
State: Rhode Island M&A 1 of 1
Country: United States M&A 1 of 7
Year: 2012 M&A 1 of 2
Size (of disclosed) 2 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-20 Bloomspot

San Francisco, California, United States

Bloomspot, Inc. is a provider of online discount coupons for restaurants, events, and international resorts.

Buy -

Seller(S) 2

SELLER

Cornerstone Equity Investors

Stamford, Connecticut, United States

Category Private Equity Firm
Founded 1996
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Cornerstone Equity Investors is private equity firm focused on investing in and acquiring middle-market leveraged buyouts of corporate divisions, closely held private companies and small capitalization public companies. The Firm targets businesses with at least $5 million of EBITDA and valued between $50 and $350 million. Cornerstone can invest up to $100 million per transaction. Broad industries of interest include business services, healthcare, and specialty manufacturing. Cornerstone originated as Prudential Equity Investors in 1984 and became independent in 1996. Cornerstone Equity is based in New York City.


DEAL STATS #
Overall 13 of 15
Sector: Packaging M&A 1 of 1
Type: Add-on Acquisition M&A Deals 5 of 6
State: Rhode Island M&A 1 of 1
Country: United States M&A 13 of 15
Year: 2012 M&A 1 of 1
Size (of disclosed) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-15 Equitrac

Plantation, Florida, United States

Equitrac Corp. is a provider of intelligent print management and cost recovery software solutions. The Company provides products that enable customers to manage, allocate, and recover printing costs, reduce print-related waste and cost, and enhance document security. With over 25,000 customer installations worldwide, the Company’s solutions are used by a broad customer base across many industry verticals, including commercial, legal and professional, education, financial services, healthcare, and government agencies. Equitrac has strategic partnerships with world-leading OEMs, including Xerox, Ricoh and Canon, and over 300 independent VARs providing the Company with a powerful distribution channel with extensive global reach.

Sell $161M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-07-30 Health Management Associates

Lansing,, Michigan, United States

Health Management Associates is an independent, national research and consulting firm with 15 offices nationwide. Company with more than 130 consultants strong and still growing. Company hire the best-of-the-best to keep doing what they do best – publicly financed health care.

Sell -
SELLER

Nautic Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Nautic Partners is a private equity firm focused on middle-market company investments based in the US. Nautic looks to invest $50 to $400 million of equity in businesses valued between $100 million and $1 billion. Nautic's industry focus is business services, manufacturing, healthcare, and communications. Prospective investment structures include buyouts, recapitalizations, consolidations, and growth financings. Nautic prefers majority investment positions. Nautic Partners was formed in 1986 and is based in Providence, Rhode Island.


DEAL STATS #
Overall 20 of 47
Sector: Packaging M&A 1 of 1
Type: Add-on Acquisition M&A Deals 9 of 18
State: Rhode Island M&A 1 of 1
Country: United States M&A 20 of 46
Year: 2012 M&A 1 of 3
Size (of disclosed) 14 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-05-21 LifeStreet

San Carlos, California, United States

LifeStreet is an in-app advertising for Facebook, Apple (iOS) and Android developers. LifeStreet was founded in 2005 and is based in San Carlos, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-09-05 GCA Services Group

Cleveland, Ohio, United States

GCA Services Group, Inc. is a provider of quality facility services, including janitorial/custodial services, contamination control for cleanroom manufacturing, facilities operations and maintenance services, grounds and athletic field management services, diversified staffing, and more.

Sell -