M&A Deal Summary

CORE Industrial Partners Acquires General Converting

On November 8, 2023, private equity firm CORE Industrial Partners acquired packaging company General Converting

Acquisition Highlights
  • This is CORE Industrial Partners’ 3rd transaction in the Packaging sector.
  • This is CORE Industrial Partners’ 14th transaction in the United States.
  • This is CORE Industrial Partners’ 3rd transaction in Illinois.

M&A Deal Summary
Date 2023-11-08
Target General Converting
Sector Packaging
Buyer(s) CORE Industrial Partners
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Mesirow Financial Holdings, Inc. (Financial)

Target

General Converting

Bolingbrook, Illinois, United States
General Converting is a provider of premium folding cartons for well-known brands in the food, confectionery, and consumer markets. The Company offers end-to-end capabilities, including structural design, sheeting, printing, die-cutting, and finishing, to ensure quality control over every stage of the process. General Converting was founded in 1982 and is based in Bolingbrook, Illinois.

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Buyer(S) 1

Buyer

CORE Industrial Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2017
PE ASSETS 700M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

CORE Industrial Partners is a private equity firm focused on acquiring mid-sized, North American, manufacturing and industrial technology companies. The Firm targets buyouts, non-core divestitures, and complex situations from a variety of sellers generating revenue up to $200 million. The Firm prefers companies with diverse customers, opportunities to add value, and operating fragmented markets. CORE Industrial Partners was established in 2017 and is headquartered in Chicago, Illinois.

DEAL STATS #
Overall 14 of 16
Sector (Packaging) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 10 of 11
State (Illinois) 3 of 3
Country (United States) 14 of 16
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-02 Century Box

Methuen, Massachusetts, United States

Century Box is a provider of folding cartons for store-brand food and consumer products. It offers comprehensive printing, converting, and finishing capabilities across a range of paperboard grades. Century Box was formed in 1978 and is based in Methuen, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-01-16 Aviation Concepts

Sunrise, Florida, United States

Aviation Concepts is a distributor of USM components to nearly 500 customers within the aftermarket commercial aviation industry such as airlines, MROs, and distributors. It offers a wide range of USM components including avionics, rotatable components, actuation systems, hydraulics, landing gear, auxiliary power units (APUs), and more. Aviation Concepts was formed in 1991 and is based in Sunrise, Florida.

Buy -
Mergr

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