M&A Deal Summary

H.I.G. Private Equity Acquires Jackson Paper Manufacturing

On September 1, 2021, private equity firm H.I.G. Private Equity acquired forest products company Jackson Paper Manufacturing

Acquisition Highlights
  • This is H.I.G. Private Equity’s 4th transaction in the Forest Products sector.
  • This is H.I.G. Private Equity’s 200th transaction in the United States.
  • This is H.I.G. Private Equity’s 5th transaction in North Carolina.

M&A Deal Summary
Date 2021-09-01
Target Jackson Paper Manufacturing
Sector Forest Products
Buyer(s) H.I.G. Private Equity
Deal Type Buyout (LBO, MBO, MBI)

Target

Jackson Paper Manufacturing

Sylva, North Carolina, United States
Jackson Paper Manufacturing specializes in the manufacturing of 100% recycled medium, corrugated sheets, and digitally printed corrugated packaging. JPM’s diverse customer base serves eCommerce, food, and beverage, durable and non-durable good end markets throughout the Southeastern United States. The Company operates four state-of-the-art facilities to deliver consistent quality, unrivaled lead times, and a high-touch service model which supports customized solutions. Jackson Paper Manufacturing was founded in 1995 and is based in Sylva, North Carolina.

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Buyer(S) 1

Buyer

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital LLC. The firm focuses on management buyouts, growth equity investments, and recapitalizations of middle market companies with an enterprise value of $50 - $1000 million. The Firm also will consider add-on acquisitions, industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 and has offices in Miami, Atlanta, Boston, and San Francisco. HIG's European affiliate is HIG Europe with offices in London, Hamburg, and Paris.

DEAL STATS #
Overall 300 of 369
Sector (Forest Products) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 90 of 112
State (North Carolina) 5 of 7
Country (United States) 200 of 245
Year (2021) 27 of 35
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-19 Empire Today

Northlake, Illinois, United States

Empire Today is a provider of installed home improvements and home furnishings. Empire serves residential and business customers with a wide selection of products suitable for homes, small businesses, organizations, and commercial applications. Empire’s line of quality, name-brand products includes carpet, hardwood, laminate, ceramic, vinyl flooring, and window treatments. The company provides shop-at-home convenience or on-site consultation, next-day professional installation on many products, quality products at great prices, and world-class service to about 70 of the largest metropolitan areas in the US. Empire Today was founded in 1959 and is based in Northlake, Illinois.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-09 Quicken

Menlo Park, California, United States

Quicken provides personal money management software. Quicken remains committed to helping individuals and families improve their financial lives. The Quicken product line includes solutions for Mac and Windows users, as well as a mobile app to give consumers anytime, anywhere access to their finances. Quicken was founded in 1983 and is based in Menlo Park, California.

Sell -
Mergr

Product

Company

Legal