M&A Deal Summary

GarMark Partners and Atlas Holdings Acquire Winston Plywood & Veneer

On January 1, 2016, mezzanine finance firm GarMark Partners and private equity firm Atlas Holdings acquired forest products company Winston Plywood & Veneer

Acquisition Highlights
  • This is GarMark Partners’ 2nd and Atlas Holdings’ 4th transaction in the Forest Products sector.
  • This is GarMark Partners’ 22nd and Atlas Holdings’ 17th transaction in the United States.
  • This is GarMark Partners’ 1st and Atlas Holdings’ 1st transaction in Mississippi.

M&A Deal Summary

Date 2016-01-01
Target Winston Plywood & Veneer
Sector Forest Products
Buyer(s) GarMark Partners
Atlas Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target

Winston Plywood & Veneer

Louisville, Mississippi, United States
Winston Plywood & Veneer is a manufacturer of specialty and commodity plywood products for industrial and commercial applications. Winston Plywood & Veneer was formed in 2014 and is based in Louisville, Mississippi.

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Buyer(S) 2

Buyer

GarMark Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GarMark Partners is a private investment firm that makes debt and equity investments in a wide range of companies. The Firm invests in businesses at various stages of development to facilitate acquisitions, divestitures, recapitalizations, turnarounds or growth. Garmark typically invests between $5 and $30 million with an EBITDA $3 and $25 million. The firm prefers to invest in the sectors of manufacturing/industrial products, distribution, business services, consumer brands, food/nutrition products, transportation, healthcare, retail, and restaurants. GarMark Partners was formed in 1997 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 24 of 38
Sector: Forest Products M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 9 of 12
State: Mississippi M&A 1 of 1
Country: United States M&A 22 of 36
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-21 KODA Distribution Group

Stamford, Connecticut, United States

KODA Distribution Group LLC is a distributor of specialty chemicals through its Monson, GMZ and Ribelin operating units.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-13 Advanced Solutions International

Alexandria, Virginia, United States

Advanced Solutions International is a provider of web-based software for member and donor-based not-for-profits and have served nearly 4000 clients and millions of users worldwide. Advanced Solutions International was founded in 1991 and is based in Alexandria, Virginia.

Buy -
Buyer

Atlas Holdings

Greenwich, Connecticut, United States

Category Private Equity Firm
Founded 2002
Size Large
Type Sector Agnostic
DESCRIPTION

Atlas Holdings is a private equity and investment holding firm focused on acquiring controlling interests in businesses operating in traditional, basic industries. Areas of interest include automotive, business services, industrial services, building materials, pulp and paper, distribution, energy, packaging, specialty steel and wood products. The Firm will participate in bankruptcy investments, highly structured equity and debt investments, leveraged ESOP acquisitions, out-of-court restructurings, and roll-ups. Atlas typically partners with private and institutional investors and structures one investment at a time. Atlas Holdings was established in 2002 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 20 of 40
Sector: Forest Products M&A 4 of 8
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 13
State: Mississippi M&A 1 of 1
Country: United States M&A 17 of 32
Year: 2016 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-16 Capital Equipment Resources

Fairburn, Georgia, United States

Capital Equipment Resources LLC (dba Pangborn Group) is a designer, manufacturer and services shot blast and surface preparation machines and related products for a range of industries, including foundry and forge, metalworking and descaling, automotive and heavy truck, ship and rail, defense, and energy.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-27 Iconex

Atlanta, Georgia, United States

Iconex is a low-cost provider of paper receipt solutions that transform business processes to drive profitability, productivity, customer satisfaction, and sustainability. Iconex was founded in 2015 and is based in Atlanta, Georgia.

Buy -