M&A Deal Summary

Hoffmann Family of Companies Acquires Viking Plastics

On August 30, 2024, Hoffmann Family of Companies acquired plastics company Viking Plastics from Spell Capital Partners and Eagle Private Capital

Acquisition Highlights
  • This is Hoffmann Family of Companies’ 1st transaction in the Plastics sector.
  • This is Hoffmann Family of Companies’ 2nd transaction in the United States.
  • This is Hoffmann Family of Companies’ 1st transaction in Pennsylvania.

M&A Deal Summary
Date 2024-08-30
Target Viking Plastics
Sector Plastics
Buyer(s) Hoffmann Family of Companies
Sellers(s) Spell Capital Partners
Eagle Private Capital
Deal Type Add-on Acquisition

Target

Viking Plastics

Corry, Pennsylvania, United States
Viking Plastics is a manufacturer of tight-tolerance and custom injection molded products and assemblies for the automotive, HVAC, and industrial markets. Viking Plastics was founded in 1972 and is based in Corry, Pennsylvania.

Search 200,500 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Hoffmann Family of Companies

Naples, Florida, United States
Category Company
Sector Financial Services
DESCRIPTION

Hoffmann Family of Companies is a multi-vertical, family-owned company and a multi-generational family business. Hoffmann Family of Companies is based in Naples, Florida.

DEAL STATS #
Overall 2 of 2
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 2 of 2
State (Pennsylvania) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-16 Ferche Millwork

Rice, Minnesota, United States

Ferche Millwork is a manufacturer of oak moldings in North America. Product lines include casings, jambs, cabinet parts, railings, balusters, stair parts, and veneers. Ferche Millwork was established in 1958 and is based in Rice, Minnesota.

Buy -

Seller(S) 2

SELLER

Spell Capital Partners

Edina, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spell Capital Partners is a private equity firm that targets control investments in lower middle-market manufacturing and distribution businesses. Spell targets companies with at least $5 million in annual revenues and minimum EBITDA of $1 million. The Firm's target equity investment size range is $2 to $15 million. Spell prefers opportunities located in the upper-midwestern states of Minnesota, Iowa, Wisconsin, North Dakota, South Dakota, Indiana, Illinois, and Nebraska. Spell Capital Partners was formed in 1988 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 35 of 35
Sector (Plastics) 5 of 5
Type (Add-on Acquisition) 20 of 20
State (Pennsylvania) 3 of 3
Country (United States) 35 of 35
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-06-18 All Star Corrugated

Fort Worth, Texas, United States

All Star Corrugated is a custom, flexible, quick-turn provider of corrugated packaging to the Dallas/Fort Worth (“DFW”) market. It operates out of 78,000 square feet of manufacturing and warehouse space and works closely with each client and product to develop custom packaging solutions to deliver superior box and wrapping solutions at competitive prices. All Star Corrugated was formed in 1983 and is based in Fort Worth, Texas.

Buy -
SELLER

Eagle Private Capital

St. Louis, Missouri, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Eagle Private Capital (EPC) makes private equity and mezzanine investments in middle-market companies. The Firm typically invests $4 to $15 million per investment. EPC looks to partner with management or other private equity investors to provide growth or change of control capital. EPC is based in St. Louis, Missouri.

DEAL STATS #
Overall 48 of 49
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 24 of 25
State (Pennsylvania) 2 of 3
Country (United States) 48 of 49
Year (2024) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-09 CG Environmental

Fort Worth, Texas, United States

CG Environmental is an emergency response and hazardous/non-hazardous materials remediation and waste disposal company. With five corporate locations in Dallas-Fort Worth, Houston, Austin, San Antonio, and Denver, CG Environmental has the capability to address a variety of situations, including chemical spills, gas spills, and biological hazards. CG Environmental is based in Fort Worth, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-01 Bakery Barn

Pittsburgh, Pennsylvania, United States

Bakery Barn is a manufacturer of specialty protein bars for private label and branded sports nutrition companies. Bakery Barn was founded in 2000 and is based in Pittsburgh, Pennsylvania.

Sell -
Mergr

Product

Company

Legal