M&A Deal Summary

Graham Partners Acquires ABX

On August 15, 2018, private equity firm Graham Partners acquired packaging company ABX

Acquisition Highlights
  • This is Graham Partners’ 3rd transaction in the Packaging sector.
  • This is Graham Partners’ 39th transaction in the United States.
  • This is Graham Partners’ 2nd transaction in North Carolina.

M&A Deal Summary
Date 2018-08-15
Target ABX
Sector Packaging
Buyer(s) Graham Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

ABX

Charlotte, North Carolina, United States
ABX is a flexible packaging manufacturer of high barrier forming web films primarily for the North American protein, cheese, and specialty food end markets. ABX’s multi-layer cast films require a high level of manufacturing complexity and are critical for shelf life extension, spoilage reduction, and food safety. ABX is based in Charlotte, North Carolina.

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Buyer(S) 1

Buyer

Graham Partners

Newtown Square, Pennsylvania, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graham Partners is a private equity that targets middle market industrial and manufacturing companies. The Firm seeks to invest in businesses based in the US and also consider investments in Canada and Western Europe. Graham Partners focuses on strong growth potential companies with high return on invested capital, led by experienced management teams in revenues between $30 - $500 million and EBITDA between $10 million and $50 million. The firm typically invests between $10 million and $100 million in equity and the balance via debt and can invest higher than $100 million through co-investments. Broad areas of interest include building products, water management, medical products, consumer products, packaged food & beverage, packaging, aerospace/defense, agriculture, capital equipment, energy related products, home and outdoor, sports and leisure, and transportation services. Prospective transaction types include MBOs, recapitalization and growth capital financing. Graham Partners is an affiliate of The Graham Group was formed in 1988 and is based in Newton Square, Pennsylvania.

DEAL STATS #
Overall 41 of 56
Sector (Packaging) 3 of 3
Type (Buyout (LBO, MBO, MBI)) 21 of 30
State (North Carolina) 2 of 2
Country (United States) 39 of 49
Year (2018) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-18 Medbio

Grand Rapids, Michigan, United States

Medbio is an outsource manufacturer specializing in clean room injection molding of plastic components for medical and biotechnology devices, as well as mold tooling, device assembly, and packaging. The company manufactures single use, disposable products for high growth end markets and is differentiated by its ability to serve as a one-stop-shop for outsourced manufacturing. Medbio’s niche position has resulted in longstanding customer relationships in an industry that is benefiting from multiple conversion tailwinds and attractive macro healthcare trends. Medbio was founded in 2007 and is based in Grand Rapids, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-10-09 Atlas

Wichita, Kansas, United States

Atlas manufactures flight-critical, complex assemblies on a diverse group of commercial, military and business aircraft, including the 737MAX, F-35 Joint Strike Fighter, Gulfstream G650, and nearly every Textron Aviation aircraft. Atlas has developed a unique set of machining, specialty forming and chemical processing capabilities, supported by automation technology and low-cost manufacturing. This vertical integration allows Atlas to deliver a broad range of complex aircraft assemblies, including complete aircraft doors, escape hatches, wing structures, and flight control assemblies for a growing list of leading aerospace OEMs. Atlas was founded in 2007 and is based in Wichita, Kansas.

Sell -
Mergr

Product

Company

Legal