M&A Deal Summary

Main Street Capital Acquires Pinnacle Plastics

On December 27, 2023, private equity firm Main Street Capital acquired plastics company Pinnacle Plastics

Acquisition Highlights
  • This is Main Street Capital’s 1st transaction in the Plastics sector.
  • This is Main Street Capital’s 138th transaction in the United States.
  • This is Main Street Capital’s 43rd transaction in Texas.

M&A Deal Summary

Date 2023-12-27
Target Pinnacle Plastics
Sector Plastics
Buyer(s) Main Street Capital
Deal Type Recapitalization

Target

Pinnacle Plastics

Houston, Texas, United States
Pinnacle Plastics is a manufacturer and distributor of commercial can liners, polyethylene bags, produce bags, and other adjacent products primarily serving quick-service restaurants, convenience stores, and janitorial service providers. Pinnacle Plastics is based in Houston, Texas.

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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 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Street Capital Holdings 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 $75 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 Corporation was formed in 1997 and is based in Houston, Texas.


DEAL STATS #
Overall 138 of 144
Sector: Plastics M&A 1 of 1
Type: Recapitalization M&A Deals 58 of 61
State: Texas M&A 43 of 44
Country: United States M&A 138 of 144
Year: 2023 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-28 Ira Green

Providence, Rhode Island, United States

Ira Green is a manufacturer and distributor of military decorations, medals, insignia, and uniform accessories, supplying products to armed forces and military exchanges worldwide. Ira Green was established in 1943 and is based in Providence, Rhode Island.

Buy $53M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-02-20 Urgent Dental Center & Family Dentistry

Indianapolis, Indiana, United States

Urgent Dental Center & Family Dentistry is a multi-location dental service organization providing same-day or next-day urgent and general dental care. They offer a full range of general, restorative, cosmetic, and urgent dental services with flexible hours across Indiana. Urgent Dental Center & Family Dentistry was founded in 2015 and is based in Indianapolis, Indiana.

Buy -