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M&A Deal Summary

HC Companies Acquires CHG

On May 28, 2024, HC Companies acquired consumer products company CHG from Main Street Capital

Acquisition Highlights
  • This is HC Companies’ 1st transaction in the Consumer Products sector.
  • This is HC Companies’ 1st transaction in the United States.
  • This is HC Companies’ 1st transaction in Connecticut.

M&A Deal Summary
Date 2024-05-28
Target CHG
Sector Consumer Products
Buyer(s) HC Companies
Sellers(s) Main Street Capital
Deal Type Add-on Acquisition

Target

CHG

Shelton, Connecticut, United States
CHG delivers packaging products through two distinct brands. Classic Home & Garden brand designs, engineers manufactures, and distributes decorative planters, fountains and home décor items through partnerships with growers, garden shops and traditional/online retailers, and Jade Road brand designs, engineers and manufactures turnkey fragrance products in addition to custom packaging solutions for the global fragrance and beauty categories. CHG was founded in 1975 and is based in Shelton, Connecticut.

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Buyer(S) 1

Buyer

HC Companies

Twinsburg, Ohio, United States
Category Company
Sector Plastics
DESCRIPTION

HC Companies is a provider of plastic plant, flower, and tree containers (horticulture containers) for the greenhouse, nursery, and retail markets under the brand names Dillen, ITML, ProCal, Listo, Akro-Mils Lawn & Garden, and Planters' Pride. HC Companies is based in Twinsburg, Ohio.

DEAL STATS #
Overall 1 of 1
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Connecticut M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2024 M&A 1 of 1

Seller(S) 1

SELLER

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 8.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Main Street Capital is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $125 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital was formed in 1997 and is based in Houston, Texas.

DEAL STATS #
Overall 45 of 48
Sector: Consumer Products M&A 1 of 1
Type: Add-on Acquisition M&A Deals 21 of 22
State: Connecticut M&A 1 of 1
Country: United States M&A 45 of 48
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-20 Urgent Dental Center & Family Dentistry

Indianapolis, Indiana, United States

Urgent Dental Center & Family Dentistry is a multi-location dental service organization providing same-day or next-day urgent and general dental care. They offer a full range of general, restorative, cosmetic, and urgent dental services with flexible hours across Indiana. Urgent Dental Center & Family Dentistry was founded in 2015 and is based in Indianapolis, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-11 Nello

South Bend, Indiana, United States

Nello designs and fabricates galvanized steel towers and poles. Nello services a wide variety of industries specializing in wireless self-supporting towers, guyed towers, and monopoles as well as tapered utility pole and transmission pole structures. Nello was founded in 2002 and is based in South Bend, Indiana.

Buy $37M
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