M&A Deal Summary

Mereo Capital Partners and Hyperion Capital Partners Acquire Algus

On November 28, 2022, private equity firms Mereo Capital Partners and Hyperion Capital Partners acquired packaging company Algus

Acquisition Highlights
  • This is Mereo Capital Partners’ 1st and Hyperion Capital Partners’ 1st transaction in the Packaging sector.
  • This is Mereo Capital Partners’ 3rd and Hyperion Capital Partners’ 3rd transaction in the United States.
  • This is Mereo Capital Partners’ 1st and Hyperion Capital Partners’ 1st transaction in Illinois.

M&A Deal Summary

Date 2022-11-28
Target Algus
Sector Packaging
Buyer(s) Mereo Capital Partners
Hyperion Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Algus

Dekalb, Illinois, United States
Algus is a provider of thermoformed blister and clamshell packaging and a manufacturer of blister seal machines. It provides complete packaging solutions to a blue-chip roster of customers across a variety of end markets. Algus was formed in 1995 and is based in Dekalb, Illinois.

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Buyer(S) 2

DESCRIPTION

Mereo Capital Partners is a private equity firm focused on lower-middle market companies in the US. Mereo Capital makes controlled or structured minority equity investments of $10 to $30 million per transaction. The Firm targets companies with a minimum EBITDA of $3 million and at least $15 million of revenue. Prospective businesses are typically founder or family owned, have opportunities for improved operational performance, and recurring revenue business models. Sectors of interest include business and industrial services, healthcare services, industrial technology, aerospace, and defense. Mereo Capital Partners was established in 2020 and is based in Conshohocken, Pennsylvania.


DEAL STATS #
Overall 3 of 3
Sector: Packaging M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 1 of 1
State: Illinois M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-03-14 Luna Labs USA

Charlottesville, Virginia, United States

Luna Labs USA is a technology resource for aerospace, energy, automotive, health sciences, first responders, telecommunications, and defense. Luna Labs USA is based in Charlottesville, Virginia.

Buy $21M
DESCRIPTION

Hyperion Capital is a private equity firm focused on investments in North American businesses with growth potential. The Firm seeks control investments in companies with $20 to $200 million in revenue to support ownership transitions, management buyouts, buy and build strategies, and corporate divestitures. Hyperion is industry agnostic but prefers businesses in the manufacturing, services, and industrials sectors. Hyperion Capital was founded in 2020 and is headquartered in Los Angeles, California.


DEAL STATS #
Overall 3 of 3
Sector: Packaging M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 3 of 3
State: Illinois M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2022 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-11-08 A Plus Tree

Vallejo, California, United States

A Plus Tree is a provider of tree care services for commercial and residential clients. A Plus provides specialized services to property owners and managers, including tree trimming, pruning, and removal; plant and tree healthcare; and arborist consulting. A Plus Tree was founded in 2002 and is based in Vallejo, California.

Buy -