M&A Deal Summary

CounterPoint Capital Partners Acquires POP Displays

On May 11, 2016, distressed investor CounterPoint Capital Partners acquired manufacturer POP Displays from Sun Capital Partners

Acquisition Highlights
  • This is CounterPoint Capital Partners’ 2nd transaction in the Manufacturing sector.
  • This is CounterPoint Capital Partners’ 7th transaction in the United States.
  • This is CounterPoint Capital Partners’ 1st transaction in New York.

M&A Deal Summary

Date 2016-05-11
Target POP Displays
Sector Manufacturing
Buyer(s) CounterPoint Capital Partners
Sellers(s) Sun Capital Partners
Deal Type Secondary Buyout
Advisor(s) C.W. Downer & Co. (Financial)

Target

POP Displays

Yonkers, New York, United States
POP Displays is an integrated manufacturer of point-of-purchase displays focused primarily on permanent displays in cosmetics and electronics for mass channel retailers. POP designs and manufactures plastic molded cosmetics wall units, category management solutions, counter units, floor stands, kiosks, testers, and window displays and is involved in all phases of product design, production, and distribution. POP Displays was founded in 1953 and is based in Yonkers, New York.

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Buyer(S) 1

DESCRIPTION

CounterPoint Capital Partners is an investor in companies facing operational or financial transitions. CounterPoint is a 'hands on' investment group that works alongside management in transitioning businesses with operational or financial challenges. The Firm targets North American companies with $20 to $200 million in sales and up to $25 million in EBITDA. Sectors of interest include niche manufacturing, value-added distribution, industrial, business services, logistics, IT, software, telecom, and construction. CounterPoint Capital Partners was formed in 2010 and is based in Los Angeles.


DEAL STATS #
Overall 7 of 7
Sector: Manufacturing M&A 2 of 2
Type: Secondary Buyout M&A Deals 2 of 2
State: New York M&A 1 of 1
Country: United States M&A 7 of 7
Year: 2016 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-04-29 American Wood Dryers

Clackamas, Oregon, United States

American Wood Dryers is a designer and manufacturer of aluminum wood-drying kilns. American Wood Dryers offers dry kilns, track loaded kilns, and package loaded kilns to forest and lumber industry, etc. American Wood Dryers is based in Clackamas, Oregon.

Buy -

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 75 of 131
Sector: Manufacturing M&A 8 of 12
Type: Secondary Buyout M&A Deals 17 of 34
State: New York M&A 3 of 3
Country: United States M&A 54 of 90
Year: 2016 M&A 2 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-02-12 True Textiles

Grand Rapids, Michigan, United States

True Textiles, Inc. is a commercial contract manufacturer of interior fabrics and upholstery product for the office furniture industry, as well as a leading provider of specialized environmentally-friendly fabrics for automotive, healthcare, and hospitality solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-23 Admiral Petroleum Co.

Coopersville, Michigan, United States

Admiral Petroleum Co. Inc. is a convenience store business based in the Midwest. The Company, which had been family owned and operated since 1905, is headquartered in Coopersville, Michigan, and includes 130 Admiral-branded gas and convenience stores.

Buy -