Investment Summary

JHW Greentree Capital and GarMark Partners Invest In New Horizons Plastics Recycling

On September 27, 2008, private equity firm JHW Greentree Capital and mezzanine finance firm GarMark Partners invested in plastics company New Horizons Plastics Recycling

Investment Highlights
  • This is JHW Greentree Capital’s 1st and GarMark Partners’ 1st transaction in the Plastics sector.
  • This is JHW Greentree Capital’s 5th and GarMark Partners’ 12th transaction in the United States.
  • This is JHW Greentree Capital’s 1st and GarMark Partners’ 1st transaction in South Carolina.

Investment Summary

Date 2008-09-27
Target New Horizons Plastics Recycling
Sector Plastics
Investor(s) JHW Greentree Capital
GarMark Partners
Deal Type Venture

Target

New Horizons Plastics Recycling

Greenville, South Carolina, United States
New Horizons is a leading manufacturer of recycled plastics primarily for PET bottles and containers. The company is one of the only fully-integrated, environmentally-sound "bottle-to-bottle" recyclers, helping to support its customers in their global effort to minimize waste and utilize recycled content.

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Investor(S) 2

Investor

JHW Greentree Capital

New Canaan, Connecticut, United States

Category Private Equity Firm
Founded 1946
Size Small
Type Sector Agnostic
DESCRIPTION

JHW Greentree Capital is the small business investment arm of investment firm JH Whitney. JHW Greentree is focused on buyouts, turnarounds, acquisitions, and recapitalizations of lower middle-market companies operating in a variety of industries. The Firm looks to commit up to $15 million of equity per transaction in businesses with $10 to $100 million of revenues. Broad sectors of interest include, consumer products specialty retail, healthcare services, specialty manufacturing and business services. Parent JH Whitney was originally established in 1946 and is headquartered in New Canaan, Connecticut.


DEAL STATS #
Overall 5 of 6
Sector: Plastics M&A 1 of 1
Type: Venture M&A Deals 2 of 2
State: South Carolina M&A 1 of 1
Country: United States M&A 5 of 6
Year: 2008 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-09-01 Jan-pro

Alpharetta, Georgia, United States

Jan-pro operates its business in the commercial cleaning franchising industry and licenses its master franchise owners and unit franchisees under the trademark 'JAN-PRO. Jan-pro was founded in 2005 and is based in Alpharetta, Georgia.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-02-16 Advanced Metrology Systems

Billerica, Massachusetts, United States

Advanced Metrology Systems LLC manufactures high-throughput, non-contact measurement devices for in-line monitoring in semiconductor manufacturing.

Sell -
Investor

GarMark Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GarMark Partners is a private investment firm that makes debt and equity investments in a wide range of companies. The Firm invests in businesses at various stages of development to facilitate acquisitions, divestitures, recapitalizations, turnarounds or growth. Garmark typically invests between $5 and $30 million with an EBITDA $3 and $25 million. The firm prefers to invest in the sectors of manufacturing/industrial products, distribution, business services, consumer brands, food/nutrition products, transportation, healthcare, retail, and restaurants. GarMark Partners was formed in 1997 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 14 of 38
Sector: Plastics M&A 1 of 2
Type: Venture M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 12 of 36
Year: 2008 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-07-08 Michigan Seamless Tube

South Lyon, Michigan, United States

Michigan Seamless Tube is the manufacturer of carbon and alloy seamless cold drawn pipe and tube for over 80 years.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-12 The Merisant Co.

Chicago, Illinois, United States

Merisant is one of the largest global players in the high-intensity tabletop sugar substitute market, managing 19 brands, including Equal and NutraSweet, sold in over 100 countries.

Sell -