Stake Purchase • Plastics

Glencoe Capital Invests In Polyair Inter Pack

On March 11, 2004, private equity firm Glencoe Capital invested in plastics company Polyair Inter Pack

Investment Context
  • This is Glencoe Capital’s 1st transaction in the Plastics sector.
  • This is Glencoe Capital’s 2nd transaction in Canada.
  • This is Glencoe Capital’s 1st transaction in Ontario.
Investment Fate
  • Polyair Inter Pack was sold to a publicly-traded strategic buyer in 2018 for 146M USD.

Explore All 28 Stake Purchase Plastics Deals - Search the Database Free


Investment Summary

Date March 11, 2004
Target Polyair Inter Pack
Sector Plastics
Investor(s) Glencoe Capital
Deal Type Stake Purchase

Target Company

Polyair Inter Pack

Toronto, Ontario, Canada
Polyair Inter Pack, Inc. is a manufacturer and marketer of protective packaging products, including air bubble packaging, mailers, foam laminates, insulation and integrated packaging systems. Polyair Inter Pack was founded in 1968 and is based in Toronto, Ontario.
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Investor Overview 1

Investor

Glencoe Capital

Manchester, New Hampshire, United States

Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Glencoe Capital is a private equity firm that invests in leveraged buyouts and recapitalizations of middle-market companies. Glencoe consists of Glencoe Capital Partners Funds which seeks North American businesses valued between $25 million and $125 million, and the Michigan Opportunities Fund which looks to invest in recapitalizations, buyouts, and growth equity transactions in Michigan. Sectors of interest include business and media services, financial services, food and consumer products, and industrials. Glencoe prefers platform companies to have at least $30 million of sales and EBITDA of at least $3 million. Glencoe Capital was formed in 1994 and is a unit of Leoville Holdings, an alternative investment manager. Glencoe Capital is based in Chicago with an additional office in Birmingham, Michigan.


Deal Context for Investor #
Overall 9 of 28
Sector: Plastics 1 of 1
Type: Stake Purchase 1 of 1
State: Ontario 1 of 2
Country: Canada 2 of 3
Year: 2004 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-01-14 Bell and Howell

Durham, North Carolina, United States

Bell and Howell is a provider of outsourced maintenance services and solutions for highly complex automation equipment across a variety of end markets, including retail, e-commerce, digital print, logistics, robotics, and production mail. Utilizing over 800 highly skilled service engineers, the Company offers customized service plans, innovative technologies, and a robust support infrastructure that enable the technology and automation initiatives of enterprises and original equipment manufacturers across industries. Bell and Howell was founded in 1907 and is based in Durham, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-06-01 First Mercury Financial

Southfield, Michigan, United States

First Mercury Financial Corporation underwrites liability insurance through its wholly owned managing general agent, CoverX Corporation. First Mercury primarily insures companies in the security guard, alarm, and fire safety industries; the company also has a growing business in the specialty general liability sector.

Buy -