M&A Deal Summary

Hidden Harbor Capital Partners and Stellus Capital Management Acquire Norplex Micarta

On November 12, 2024, private equity firms Hidden Harbor Capital Partners and Stellus Capital Management acquired plastics company Norplex Micarta

Acquisition Highlights
  • This is Hidden Harbor Capital Partners’ 1st and Stellus Capital Management’s 1st transaction in the Plastics sector.
  • This is Hidden Harbor Capital Partners’ 18th and Stellus Capital Management’s 69th transaction in the United States.
  • This is Hidden Harbor Capital Partners’ 1st and Stellus Capital Management’s 1st transaction in Iowa.

M&A Deal Summary

Date 2024-11-12
Target Norplex Micarta
Sector Plastics
Buyer(s) Hidden Harbor Capital Partners
Stellus Capital Management
Deal Type Buyout (LBO, MBO, MBI)

Target

Norplex Micarta

Postville, Iowa, United States
Norplex Micarta is a producer of high-performance thermoset composite materials. By providing high quality technically advanced composites to unique customer specifications, Norplex Micarta has become the provider of choice for OEMs, fabricators, and distributors serving the electrification and industrial end markets. Norplex Micarta is based in Postville, Iowa.

Search 214,107 Deals Now

SEARCH BY

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

Try Free

Buyer(S) 2

DESCRIPTION

Hidden Harbor Capital Partners is an operationally focused private equity firm focused on acquiring North American middle-market companies. The Firm seeks businesses with up to $500 million in revenue and up to $30 million of EBITDA. Sectors of interest include industrials, transportation/logistics, consumer products, automotive, environmental, chemicals, food/beverages, and business services. Hidden Harbor Capital Partners was established in 2016 and is based in Boca Raton, Florida.


DEAL STATS #
Overall 20 of 20
Sector: Plastics M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 10 of 10
State: Iowa M&A 1 of 1
Country: United States M&A 18 of 18
Year: 2024 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-07 Tri Scapes

Alpharetta, Georgia, United States

Tri Scapes is a commercial contracting company. Tri Scapes was founded in 1993 and is based in Alpharetta, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-09 Rotating Machinery Services

Bethlehem, Pennsylvania, United States

Rotating Machinery Services is a provider of specialty aftermarket repair, maintenance, and overhaul services for large, highly engineered rotating machinery. RMS’s solutions improve performance and extend the useful life of complex machinery used in customers’ critical industrial processes. Rotating Machinery Services was founded in 1997 and is based in Bethlehem, Pennsylvania.

Sell -
Buyer

Stellus Capital Management

Houston, Texas, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2004
PE ASSETS 3.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Stellus Capital Management is a provider of debt and equity capital to middle-market companies headquartered throughout the US and Canada. For credit commitments, Stellus looks to provide $10 to $50 million of capital to help support buyouts, acquisitions, recapitalization, growth opportunities, rescue financing, distressed situations, as well as bridge loans. Sectors' of interest for Stellus' credit practice includes business services, energy, general industrial, government, healthcare, software and specialty finance. Stellus' equity practice seeks to provide $20 to $100 million to small and mid-sized energy (upstream, oilfield services, midstream) companies. Stellus Capital was originally formed in 2004 as Laminar Direct Capital and operated as the direct investing unit of D.E. Shaw. The Group became independent in 2012. Stellus has offices in Houston, New York City, and Washington DC.


DEAL STATS #
Overall 71 of 86
Sector: Plastics M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 18 of 23
State: Iowa M&A 1 of 1
Country: United States M&A 69 of 83
Year: 2024 M&A 9 of 13
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-27 Bart & Associates

McLean, Virginia, United States

Bart & Associates is a provider of enterprise software solutions. Bart & Associates was founded in 1988 and is based in McLean, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-25 IDX

Beaverton, Oregon, United States

IDX is a provider of identity protection and data breach services for companies and individuals throughout the U.S. It combines consumer-centric software and concierge-style professional services in serving organizations across government, healthcare, commercial enterprises, financial institutions, and higher education. IDX was founded in 2003 and is based in Beaverton, Oregon.

Buy -