M&A Deal Summary

Gravis Acquires BulkSak

On March 19, 2024, Gravis acquired packaging company BulkSak 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’ 1st transaction in North Carolina.

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

Target

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.

Search 200,577 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

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 (North Carolina) 1 of 1
Country (United States) 3 of 3
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 (North Carolina) 1 of 1
Country (United States) 9 of 9
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

Legal