M&A Deal Summary

Heartwood Partners Acquires VITALSpace

On April 22, 2025, private equity firm Heartwood Partners acquired manufacturer VITALSpace

Acquisition Highlights
  • This is Heartwood Partners’ 9th transaction in the Manufacturing sector.
  • This is Heartwood Partners’ 32nd transaction in the United States.
  • This is Heartwood Partners’ 3rd transaction in Georgia.

M&A Deal Summary

Date 2025-04-22
Target VITALSpace
Sector Manufacturing
Buyer(s) Heartwood Partners
Deal Type Consolidation

Target

VITALSpace

Baldwin, Georgia, United States
VITALSpace is a provider of products for industries that require secure, damage resistant, and mission critical structures and parts. VITALSpace is based in Baldwin, Georgia.

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Buyer(S) 1

Buyer

Heartwood Partners

Norwalk, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1982
PE ASSETS 1.6B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Heartwood Partners is a private equity firm focused on partnerships with middle-market companies across the US. The Firm prefers to invest in family owned and managed companies where it can leverage strategic resources for long-term growth. Target companies are typically profitable with $5 to $30 million of EBITDA with up to $400 million in revenue. Sectors of interest include agriculture, automotive, consumer products, distribution, food, industrial services, niche manufacturing, packaging, and chemicals. Heartwood Partners was formed in 1982 and is headquartered in Norwalk, Connecticut.


DEAL STATS #
Overall 32 of 32
Sector: Manufacturing M&A 9 of 9
Type: Consolidation M&A Deals 1 of 1
State: Georgia M&A 3 of 3
Country: United States M&A 32 of 32
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-05 Norlee Group

Jacksonville, Florida, United States

Norlee Group specializes in electrical and specialty services for a wide range of projects across the United States. With a diverse portfolio that includes companies such as Adkins Electric, Colwill Enterprises, Millennium Electric, Tietjen CET Technologies, and Pacific Power & Systems, NLG provides expertise to clients in sectors such as public works, industrial, commercial, underground, multi-family, and technology. NLG serves an array of clients, from government entities and general contractors to property developers, corporations, and small businesses, delivering solutions tailored to their unique needs. Norlee Group is based in Jacksonville, Florida.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-07-07 M&Q Packaging

Schuylkill Haven, Pennsylvania, United States

M&Q Packaging is a manufacturer of high-temperature, ovenable packaging used in food service, food processing, medical, and industrial markets. Its products include proprietary Pansaver food preparation products as well as engineered meat processing packaging, cleanroom packaging, vacuum bagging films, sterilization packaging, and solvent recovery bags. M&Q Packaging is based in Schuylkill Haven, Pennsylvania.

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