M&A Deal Summary

Industrie Ilpea Acquires Holm Industries

On February 1, 2001, Industrie Ilpea acquired plastics company Holm Industries from Madison Industries and Peninsula Capital Partners

Acquisition Highlights
  • This is Industrie Ilpea’s 1st transaction in the Plastics sector.
  • This is Industrie Ilpea’s 1st transaction in the United States.
  • This is Industrie Ilpea’s 1st transaction in Indiana.

M&A Deal Summary
Date 2001-02-01
Target Holm Industries
Sector Plastics
Buyer(s) Industrie Ilpea
Sellers(s) Madison Industries
Peninsula Capital Partners
Deal Type Add-on Acquisition

Target

Holm Industries

Scottsburg, Indiana, United States
Holm Industries is a North American producer of extruded plastic sealing products for the appliance and construction industries. Through its OEM/Miller unit, Holm is the leading producer of flexible corrugated plastic tubing for the appliance and automotive industries. Headquartered in Scottsburg, Indiana, Holm has six locations across the United States as well as four plants in Mexico and one plant in India.

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Buyer(S) 1

Buyer

Industrie Ilpea

Malgesso, Italy
Category Company
Founded 1960
Sector Plastics
Employees2,500
DESCRIPTION

Industrie Ilpea is a world leader in the production of extruded plastic, molded rubber and magnetic components. Ilpea provides systems solutions and global sourcing to the worldwide appliance, automotive and building products industries. Industrie Ilpea was founded in 1960 and is based in Malgesso, Italy.

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Indiana) 1 of 1
Country (United States) 1 of 1
Year (2001) 1 of 1

Seller(S) 2

SELLER

Madison Industries

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1994
Size Large
Type Sector Focused
DESCRIPTION

Madison Industries is a privately held investment holding firm that targets growth investments in and acquisitions of industrial manufacturing companies. Madison prefers businesses with a defensible market niche, established technology, and significant cash-flow growth potential. Madison will also consider turnaround situations. Target opportunities generally have sales between $50 million and $2 billion. Madison Industries is based in Chicago, Illinois.

DEAL STATS #
Overall 4 of 18
Sector (Plastics) 2 of 2
Type (Add-on Acquisition) 3 of 8
State (Indiana) 1 of 1
Country (United States) 4 of 17
Year (2001) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2001-02-01 Industrie Ilpea

Malgesso, Italy

Industrie Ilpea is a world leader in the production of extruded plastic, molded rubber and magnetic components. Ilpea provides systems solutions and global sourcing to the worldwide appliance, automotive and building products industries. Industrie Ilpea was founded in 1960 and is based in Malgesso, Italy.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-05-01 eOn Communications

Corinth, Missouri, United States

eOn Communications Corporation, through its subsidiaries, provides telecommunications solutions in North America, Puerto Rico, and the Virgin Islands. The company operates in two segments, Telephony Products and Puerto Rico.

Buy €430M
SELLER

Peninsula Capital Partners

Southfield, Michigan, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1995
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Peninsula Capital Partners is an investment group focused on providing a range of financing solutions to middle-market companies. The Firm is willing to be a minority or control investor and invests across the capital structure. This includes subordinated debt, preferred or common stock. For mezzanine commitments, Peninsula looks to invest $5 to $40 million. For equity transactions, Peninsula looks to invest $2 to $20 million. Peninsula is a generalist investor. Target sectors include manufacturing, industrial service, distribution, consumer products, professional services, retail, applied technology, transportation, food processing and packaging. Peninsula Capital Partners was formed in 1995 and is based in Detroit, Michigan.

DEAL STATS #
Overall 2 of 47
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 1 of 23
State (Indiana) 1 of 1
Country (United States) 2 of 44
Year (2001) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2000-09-01 Omni Remanufacturing

Minneapolis, Minnesota, United States

Omni Remanufacturing Inc. is engaged in the remanufacture, configuration, installation, relocation, and storage of office furniture, an overwhelming majority of which is Steelcase product. Omni operates its business in two autonomous, but highly synergistic, divisions. Through its Revest Midwest division, the Company is an exclusive provider of remanufactured Steelcase furniture to all Steelcase dealers in an eight state Midwestern region. Omni’s other division, A&M, specializes in the configuration, delivery, installation, relocation, warehousing, and service of office furniture workstations. A&M has, for over 14 years, assumed the role of providing 100% of the service operations for one of Steelcase’s largest and most successful dealerships.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2001-06-01 Garsite

Kansas City, Kansas, United States

Garsite is a manufacturer of vacuum tanks, refined fuel tanks, and aviation refueler trucks. Garsite is based in Kansas City, Kansas.

Buy -
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