Recapitalization • Plastics

Main Street Capital Acquires Pinnacle Plastics

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

Acquisition Context
  • This is Main Street Capital’s 1st transaction in the Plastics sector.
  • This is Main Street Capital’s 139th transaction in the United States.
  • This is Main Street Capital’s 43rd transaction in Texas.

Explore All 23 Recapitalization Plastics Deals - Search the Database Free


M&A Deal Summary

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

Target Company

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 Overview 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 Context for Buyer #
Overall 139 of 146
Sector: Plastics 1 of 1
Type: Recapitalization 59 of 63
State: Texas 43 of 44
Country: United States 139 of 146
Year: 2023 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-12-13 Compass Systems and Sales

Barberton, Ohio, United States

Compass Systems and Sales is a provider of highly engineered material handling solutions specializing in systems requiring dilute phase pneumatic capabilities. Compass Systems and Sales was founded in 1998 and is based in Barberton, Ohio.

Buy -
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 -