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M&A Deal Summary

Main Street Capital Acquires CHG

On March 19, 2020, private equity firm Main Street Capital acquired consumer products company CHG for 32M USD

Acquisition Highlights
  • This is Main Street Capital’s 4th transaction in the Consumer Products sector.
  • This is Main Street Capital’s 8th largest (disclosed) transaction.
  • This is Main Street Capital’s 110th transaction in the United States.
  • This is Main Street Capital’s 2nd transaction in Connecticut.
Investment Fate
  • CHG was sold to a strategic buyer in 2024.

M&A Deal Summary
Date 2020-03-19
Target CHG
Sector Consumer Products
Buyer(s) Main Street Capital
Deal Type Recapitalization
Deal Value 32M USD

Target

CHG

Shelton, Connecticut, United States
CHG delivers packaging products through two distinct brands. Classic Home & Garden brand designs, engineers manufactures, and distributes decorative planters, fountains and home décor items through partnerships with growers, garden shops and traditional/online retailers, and Jade Road brand designs, engineers and manufactures turnkey fragrance products in addition to custom packaging solutions for the global fragrance and beauty categories. CHG was founded in 1975 and is based in Shelton, Connecticut.

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Buyer(S) 1

Buyer

Main Street Capital

Houston, Texas, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 8.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Main Street Capital is a public investment firm that invests in mid-market companies to support ownership transitions, recapitalizations, strategic acquisitions, business expansion and other growth initiatives. Main Street looks for businesses opearting in basic industries with positive cash-flow and and defensible competitive advantages. Main Street generally invests $5 to $125 million in companies with $10 to $150 million of revenue and EBITDA of $3 to $20 million. Investments are usually in the form of term debt and/or direct equity. Main Street Capital was formed in 1997 and is based in Houston, Texas.

DEAL STATS #
Overall 110 of 146
Sector: Consumer Products M&A 4 of 7
Type: Recapitalization M&A Deals 37 of 63
State: Connecticut M&A 2 of 4
Country: United States M&A 110 of 146
Year: 2020 M&A 3 of 6
Size (of disclosed) 8 of 18
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-16 MPI Custom Steel Doors & Frames

Corbin, Kentucky, United States

MPI Custom Steel Doors & Frames manufactures standard and custom steel doors and frames for commercial and institutional buildings, including specialized solutions such as windstorm, sound-rated (STC), thermal, lead-lined and bullet-resistant doors. The Company was founded in 1980 and is headquartered in Corbin, Kentucky.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-28 Pearl Meyer

Wellesley, Massachusetts, United States

Pearl Meyer is an independent executive compensation consulting firm. PM&P has served as a trusted advisor to Boards and their senior management in the areas of governance, strategy, and compensation program design. Clients from the Fortune 500 to not-for-profits and emerging high-growth companies rely on PM&P to help align rewards with long-term business goals to create value for all stakeholders: shareholders, executives, and employees. Pearl Meyer was founded in 1989 and is based in Wellesley, Massachusetts.

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