M&A Deal Summary

KLH Capital Acquires Frankston Packaging

On November 1, 2019, private equity firm KLH Capital acquired packaging company Frankston Packaging

Acquisition Highlights
  • This is KLH Capital’s 3rd transaction in the Packaging sector.
  • This is KLH Capital’s 57th transaction in the United States.
  • This is KLH Capital’s 2nd transaction in Texas.

M&A Deal Summary
Date 2019-11-01
Target Frankston Packaging
Sector Packaging
Buyer(s) KLH Capital
Deal Type Recapitalization

Target

Frankston Packaging

Frankston, Texas, United States
Frankston Packaging is a full-service manufacturer of custom and stock packaging solutions. The company makes custom and stock folding cartons, flexible packaging (e.g., pouches, shrink sleeves, overwraps), pressure sensitive labels, and corrugated boxes, among other products. Frankston Packaging was founded in 1957 and is based in Frankston, Texas.

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Buyer(S) 1

Buyer

KLH Capital

Tampa, Florida, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2005
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

KLH Capital is a private investment firm focused on smaller company investments in a variety of growing industry sectors. KLH helps provide management teams with capital to facilitate recapitalizations, management buy-outs/buy-ins, family successions, and other ownership transitions. KLH generally pursues companies with $4 to $20 million in pre-tax earnings and will consider opportunities across the US. KLH will not invest in start-ups, high technology, software, biotech, restaurants, retail, real estate development, oil and gas operations, or new construction businesses. KLH Capital is based in Tampa, Florida.

DEAL STATS #
Overall 57 of 67
Sector (Packaging) 3 of 3
Type (Recapitalization) 31 of 38
State (Texas) 2 of 7
Country (United States) 57 of 67
Year (2019) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-01 ElectriCom

Paoli, Indiana, United States

ElectriCom is a provider of aerial, underground, wireless, and right-of-way installation and maintenance services to the telecommunications and utility industries across the United States. ElectriCom was founded in 1960 and is based in Paoli, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-02 D&H United Fueling Solutions

Humble, Texas, United States

D&H United Fueling Solutions is a provider of retail and commercial vehicle fueling facilities. D&H United Fueling Solutions provides service, equipment, installation, and environmental services. D&H United Fueling Solutions was founded in 2015 and is based in Humble, Texas.

Buy -
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