M&A Deal Summary

Duravant Acquires Hamer

On May 28, 2015, Duravant acquired packaging company Hamer from Tuckerman Capital and Hanover Partners

Acquisition Highlights
  • This is Duravant’s 1st transaction in the Packaging sector.
  • This is Duravant’s 1st transaction in the United States.
  • This is Duravant’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2015-05-28
Target Hamer
Sector Packaging
Buyer(s) Duravant
Sellers(s) Tuckerman Capital
Hanover Partners
Deal Type Add-on Acquisition

Target

Hamer

Plymouth, Minnesota, United States
Hamer LLC is a manufacturer and designer of packaging equipment. The Company's machines form, fill, and seal plastic bags and work best handling free-flowing, solid commodity products such as ice, pet food, and lawn and garden materials.

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Buyer(S) 1

Buyer

Duravant

Downers Grove, Illinois, United States
Category Company
Sector Machinery
DESCRIPTION

Duravant is a provider of highly engineered automation equipment and related aftermarket solutions for packaging, material handling, and food processing applications. Duravant designs and assembles mission-critical equipment, including form-fill-seal machines, robotic palletizers, conveyors, and thermal processors, primarily serving the food and beverage, e-commerce, distribution, and agriculture end-markets. Duravant is based in Downers Grove, Illinois.

DEAL STATS #
Overall 1 of 19
Sector (Packaging) 1 of 4
Type (Add-on Acquisition) 1 of 17
State (Minnesota) 1 of 1
Country (United States) 1 of 10
Year (2015) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-06-18 Mespack SL

Barcelona, Spain

Mespack SL is an international manufacturer of flexible packaging solutions that engineers and builds high speed machinery for the consumer packaged goods companies.

Buy -

Seller(S) 2

SELLER

Tuckerman Capital

Hanover, New Hampshire, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
Size Small
Type Sector Focused
DESCRIPTION

Tuckerman Capital is a private investment firm that targets smaller manufacturing companies, with a special interest in businesses that manufacture highly-engineered, non-commodity products across a broad range of industries. Tuckerman will also consider investments in niche service and distribution businesses. Tuckerman relies on deal partners to help source potential transactions. Tuckerman Capital is based in Hanover, New Hampshire.

DEAL STATS #
Overall 7 of 14
Sector (Packaging) 2 of 2
Type (Add-on Acquisition) 6 of 8
State (Minnesota) 1 of 1
Country (United States) 7 of 14
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-09 TRS Global Services

Houston, Texas, United States

TRS Global Services provides repair services on a wide range of turbines in a variety of applications. It is specialized in providing component repair and manufacturing processes for industrial, aeroderivative and aircraft gas turbines. TRS Global Services is based in Houston, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-05 Freedom Communication Technologies

Kilgore, Texas, United States

Freedom Communication Technologies, Inc. is a engineering, developing and manufacturing communication test equipment company involved in Land Mobile Radio test equipment market.

Buy -
SELLER

Hanover Partners

San Francisco, California, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
Size Small
Type Sector Agnostic
DESCRIPTION

Hanover Partners is a private investment firm that targets middle-market companies with enterprise value between $10 and $60 million and EBIT of at least $2 million. Hanover prefers manufacturing or service based businesses located in the United States that serve business customers. Avoided industries include retail, construction, consulting, job-shops, and distributors not adding specific value. Hanover Partners was formed in 1994 and is based in San Francisco, California with an additional office in Oswego, Oregon.

DEAL STATS #
Overall 8 of 13
Sector (Packaging) 1 of 1
Type (Add-on Acquisition) 7 of 9
State (Minnesota) 1 of 2
Country (United States) 8 of 13
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-11-08 Bri-Mar Manufacturing

Chambersburg, Pennsylvania, United States

Bri-Mar Manufacturing LLC is a manufacturers of hydraulic dump, utility, and equipment trailers in the country. These trailers are used by a variety of industries to haul material and machinery.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-08-05 Freedom Communication Technologies

Kilgore, Texas, United States

Freedom Communication Technologies, Inc. is a engineering, developing and manufacturing communication test equipment company involved in Land Mobile Radio test equipment market.

Buy -
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