M&A Deal Summary

HBM Holdings Acquires Calcium Products

On September 25, 2024, private equity firm HBM Holdings acquired chemicals company Calcium Products from Sun Capital Partners

Acquisition Highlights
  • This is HBM Holdings’ 3rd transaction in the Chemicals sector.
  • This is HBM Holdings’ 9th transaction in the United States.
  • This is HBM Holdings’ 1st transaction in Iowa.

M&A Deal Summary

Date 2024-09-25
Target Calcium Products
Sector Chemicals
Buyer(s) HBM Holdings
Sellers(s) Sun Capital Partners
Deal Type Secondary Buyout

Target

Calcium Products

Ames, Iowa, United States
Calcium Products produces pelletized limestone and calcium for agriculture and commercial applications. Calcium Products was founded in 1987 and is based in Ames, Iowa.

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Buyer(S) 1

DESCRIPTION

HBM Holdings is a Midwest US-based investment group focused on acquiring majority stakes in 'product-centric companies. HBM seeks opportunities across North America and will consider businesses generating $20 to $50 million of EBITDA and valued up to $200 million. Sectors of interest include industrial, energy, vitamins/minerals/supplements, mining, medical manufacturing, environmental, food ingredients, and water. HBM Holdings was formed in 2012 and is based in St. Louis, Missouri.


DEAL STATS #
Overall 9 of 9
Sector (Chemicals) 3 of 3
Type (Secondary Buyout) 4 of 4
State (Iowa) 1 of 1
Country (United States) 9 of 9
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-31 Aerofil

Sullivan, Missouri, United States

Aerofil is a privately held company that provides contract manufacturing services for aerosol and liquid packaging for the automobile, personal care, household and insecticides industries. Aerofil was founded in 1988 and is based in Sullivan, Missouri.

Sell -

Seller(S) 1

SELLER

Sun Capital Partners

Boca Raton, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 13.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Sun Capital's corporate headquarters in Boca Raton, Florida.
Sun Capital's corporate headquarters in Boca Raton, Florida.

Sun Capital Partners is a large private equity firm focused on leveraged buyouts, equity, debt, and other control investments in North America, Asia, and Europe. Sun looks for businesses that can benefit from the Firm's operating experience including underperformers, turnarounds, and special situations. Target companies typically have $50 million to $1 billion in revenue with strong market positions. Sectors of interest include paper and packaging, food and beverages, metals and mining, automotive after-market parts, consumer products, financial services, healthcare, media and communications, building products, telecommunications, technology, retailing and catalogs, restaurants, manufacturing and industrial. Sun Capital was formed in 1995 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 127 of 127
Sector (Chemicals) 6 of 6
Type (Secondary Buyout) 32 of 32
State (Iowa) 1 of 1
Country (United States) 88 of 88
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-30 Coal and Coke Merchants

Harrogate, United Kingdom

Coal and Coke Merchants help public and private sector businesses understand and manage their environmental risks, reducing the impact to the environment, their operation and their reputation. Coal and Coke Merchants focus on consulting, preventing and responding to your environmental risks, so you can focus on your customers. Coal and Coke Merchants was founded in 1926 and is based in Harrogate, United kingdom.

Sell -