M&A Deal Summary

LongueVue Capital Acquires Summit Plastics

On January 20, 2021, private equity firm LongueVue Capital acquired manufacturer Summit Plastics

Acquisition Highlights
  • This is LongueVue Capital’s 2nd transaction in the Manufacturing sector.
  • This is LongueVue Capital’s 21st transaction in the United States.
  • This is LongueVue Capital’s 2nd transaction in Mississippi.

M&A Deal Summary
Date 2021-01-20
Target Summit Plastics
Sector Manufacturing
Buyer(s) LongueVue Capital
Deal Type Recapitalization
Advisor(s) Squire Patton Boggs (Legal)

Target

Summit Plastics

Summit, Mississippi, United States
Summit Plastics is a business-to-business focused niche manufacturer of custom low-density and linear low-density polyethylene (“LLDPE”) blown film and bags for a number of commercial end markets, including food and beverage, industrial, and healthcare. Summit Plastics was founded in 1994 and is based in Summit, Mississippi.

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Buyer(S) 1

Buyer

LongueVue Capital

Metairie, Louisiana, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2001
PE ASSETS 1.0B USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

LongueVue Capital is a private equity company that targets profitable, small to mid-sized companies generating up to $150 million of revenue. LongueVue will consider a variety of investment situations, including corporate divestitures and buyouts, recapitalization/acquisitions of family owned businesses with transition challenges, and turnarounds. LongueVue Capital was formed in 2001 and is based in Metairie, Louisiana.

DEAL STATS #
Overall 21 of 31
Sector (Manufacturing) 2 of 3
Type (Recapitalization) 3 of 7
State (Mississippi) 2 of 2
Country (United States) 21 of 31
Year (2021) 2 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-12 KPS Life

Malvern, Pennsylvania, United States

KPS Life is a functional service provider that offers global functional clinical trial outsourcing services to sponsors. Its services include clinical monitoring, clinical oversight, clinical trial management, data management, eTMF and document management, vendor qualification, and medical writing. KPS Life was founded in 2006 and is based in Malvern, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-24 Traco Packaging

Orem, Utah, United States

Traco Packaging is a specialty provider of business-to-business packaging solutions. Traco Packaging was founded in 1985 and is based in Orem, Utah.

Buy -
Mergr

Product

Company

Legal