M&A Deal Summary

Gravis Acquires Bagwell Supply

On March 19, 2024, Gravis acquired packaging company Bagwell Supply from New Water Capital

Acquisition Highlights
  • This is Gravis’ 4th transaction in the Packaging sector.
  • This is Gravis’ 1st transaction in Canada.
  • This is Gravis’ 1st transaction in British Columbia.

M&A Deal Summary
Date 2024-03-19
Target Bagwell Supply
Sector Packaging
Buyer(s) Gravis
Sellers(s) New Water Capital
Deal Type Merger

Target

Bagwell Supply

Richmond, British Columbia, Canada
Bagwell Supply is a provider of FIBCs, small industrial bags and complementary packaging solutions, with facilities in Richmond, British Columbia, and Mississauga, Ontario. Bagwell Supply was founded in 1997 and is based in Richmond, British Columbia.

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Buyer(S) 1

Buyer

Gravis

St Charles, Illinois, United States
Category Company
Sector Packaging
DESCRIPTION

Gravis is a provider of engineered bulk transportation packaging solutions. Gravis partners with customers to design and supply optimal bulk packaging solutions for the food & beverage, agriculture, chemicals, pharmaceutical and materials industries. Gravis is based in St Charles, Illinois.

DEAL STATS #
Overall 4 of 4
Sector (Packaging) 4 of 4
Type (Merger) 4 of 4
State (British Columbia) 1 of 1
Country (Canada) 1 of 1
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-19 Bulk Lift International

St. Charles, Illinois, United States

Bulk Lift International is a manufacturer and supplier of customized flexible intermediate bulk containers, bulk bags, totes, small packaging, and dry bulk container liners serving the chemical, food, minerals, agriculture, waste, and pharmaceuticals markets. Bulk Lift International was founded in 1978 and is based in St. Charles, Illinois.

Buy -

Seller(S) 1

SELLER

New Water Capital

Category Private Equity Firm
Founded 2014
PE ASSETS 406M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

New Water Capital is a private equity firm focused on special situation investments in the consumer products, retail, manufacturing, and services sectors. New Water seeks under performing companies, corporate carve-outs, turnarounds, as well as businesses in transition, either growth challenged or facing succession issues. New Water will consider opportunities throughout the US and Canada and seeks businesses with $30 to $300 million in revenue. New Water Capital was formed in 2014 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 10 of 11
Sector (Packaging) 4 of 4
Type (Merger) 5 of 5
State (British Columbia) 1 of 1
Country (Canada) 1 of 2
Year (2024) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-19 Bulk Lift International

St. Charles, Illinois, United States

Bulk Lift International is a manufacturer and supplier of customized flexible intermediate bulk containers, bulk bags, totes, small packaging, and dry bulk container liners serving the chemical, food, minerals, agriculture, waste, and pharmaceuticals markets. Bulk Lift International was founded in 1978 and is based in St. Charles, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-07 Trillium Health Care Products

Brockville, Ontario, Canada

Trillium Health Care Products is a manufacturer of branded and private label personal care products (primarily bar soap), prescription drugs and over-the-counter pharmaceutical products. Trillium Health Care Products was founded in 1993 and is based in Brockville, Ontario.

Sell -
Mergr

Product

Company

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