M&A Deal Summary

Gravis Acquires Bulk Lift International

On March 19, 2024, Gravis acquired packaging company Bulk Lift International from New Water Capital

Acquisition Highlights
  • This is Gravis’ 4th transaction in the Packaging sector.
  • This is Gravis’ 3rd transaction in the United States.
  • This is Gravis’ 2nd transaction in Illinois.

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

Target

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.

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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 (Illinois) 2 of 2
Country (United States) 3 of 3
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-19 BulkSak

Gastonia, North Carolina, United States

BulkSak is a manufacturer and distributor of packaging products including FIBCs, specialty small bags, liners, dunnage bags, reusable plastic transportation pallets and other polypropylene-based products. BulkSak was founded in 2007 and is based in Gastonia, North Carolina.

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 (Illinois) 2 of 2
Country (United States) 9 of 9
Year (2024) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-19 BulkSak

Gastonia, North Carolina, United States

BulkSak is a manufacturer and distributor of packaging products including FIBCs, specialty small bags, liners, dunnage bags, reusable plastic transportation pallets and other polypropylene-based products. BulkSak was founded in 2007 and is based in Gastonia, North Carolina.

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

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