Secondary Buyout • Packaging

CI Capital Partners Acquires Precision Concepts International

On January 9, 2012, private equity firm CI Capital Partners acquired packaging company Precision Concepts International from Harvey & Company

Acquisition Context
  • This is CI Capital Partners’ 1st transaction in the Packaging sector.
  • This is CI Capital Partners’ 14th transaction in the United States.
  • This is CI Capital Partners’ 2nd transaction in North Carolina.
Investment Fate
  • Precision Concepts International was sold to a consortium of financial buyers in 2017.
  • Precision Concepts International was sold to a consortium of financial buyers in 2025.

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M&A Deal Summary

Date January 9, 2012
Target Precision Concepts International
Sector Packaging
Buyer(s) CI Capital Partners
Sellers(s) Harvey & Company
Deal Type Secondary Buyout
Advisor(s) BMO Capital Markets (Financial)
Sidley
Gowling Lafleur Henderson LLP (Legal)

Target Company

Precision Concepts International

Mooresville, North Carolina, United States
Precision Concepts International is a specialty plastic packaging company providing a broad array of packaging solutions to the personal care and pharmaceutical markets. Precision Concepts International was founded in 2003 and is based in Mooresville, North Carolina.
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Buyer Overview 1

Buyer

CI Capital Partners

New York, New York, United States

Investor Investor


Category Private Equity Firm
Founded 1993
Size Large
Type Sector Agnostic
DESCRIPTION

CI Capital Partners is a private equity investment firm specializing in leveraged buyouts of middle-market companies. CI Capital primarily targets investments in North America and looks to invest between $10 and $150 million of equity capital per transaction. The Firm concentrates on acquiring companies in stable industries with consolidation potential. CI has a particular interest in business services, consumer services, distribution, transportation, and healthcare Services. CI Capital Partners was founded in 1993 and is based in New York City.


Deal Context for Buyer #
Overall 17 of 31
Sector: Packaging 1 of 1
Type: Secondary Buyout 1 of 5
State: North Carolina 2 of 2
Country: United States 14 of 28
Year: 2012 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-10-03 Galls

Lexington, Kentucky, United States

Galls is a distributor of uniforms and equipment to the public safety market. Galls represents the largest distributor of uniform and equipment to public safety personnel, including police, fire, EMS, private security, corrections, federal/military, and postal. Galls services customers through a national catalogue, convenient eCommerce site, more than 50 dedicated sales reps, 80 locations, and its proprietary "eQuip" online solution serving state and local agencies. Each year, more than one million men and women in the public safety, postal and public transportation industries depend on Galls for their essential equipment and apparel. Galls was founded in 1967 and is based in Lexington, Kentucky.

Buy $163M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-18 Conney Safety Products

Madison, Wisconsin, United States

Conney Safety Products, LLC is a distributor of MRO safety products headquartered in Madison, Wisconsin.

Sell -

Seller Profile 1

DESCRIPTION

Harvey & Company is a principal investment and advisory group. The Firm works with companies and private equity firms on acquisition searches as well as makes investments of its own. Harvey & Company was established in 1998 and is headquartered in Newport Beach, California.


Deal Context for Seller #
Overall 8 of 37
Sector: Packaging 1 of 1
Type: Secondary Buyout 5 of 13
State: North Carolina 2 of 4
Country: United States 8 of 36
Year: 2012 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-01 Precision Concepts International

Mooresville, North Carolina, United States

Precision Concepts International is a specialty plastic packaging company providing a broad array of packaging solutions to the personal care and pharmaceutical markets. Precision Concepts International was founded in 2003 and is based in Mooresville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2012-03-09 Sunflower Farmers Markets

Phoenix, Arizona, United States

Sunflower Farmers Markets operates a chain of value-oriented natural and organic grocery stores that offer a high-quality assortment of natural and organic products at prices that are substantially lower than competitors. Sunflower Farmers Markets was founded in 2002 and is based in Phoenix, Arizona.

Sell -