M&A Deal Summary

Milacron Holdings Acquires CanGen Holdings

On December 1, 2015, Milacron Holdings acquired engineering company CanGen Holdings from CHB Capital Partners

Acquisition Highlights
  • This is Milacron Holdings’ 2nd transaction in the Engineering sector.
  • This is Milacron Holdings’ 4th transaction in the United States.
  • This is Milacron Holdings’ 1st transaction in Georgia.

M&A Deal Summary

Date 2015-12-01
Target CanGen Holdings
Sector Engineering
Buyer(s) Milacron Holdings
Sellers(s) CHB Capital Partners
Deal Type Add-on Acquisition

Target

CanGen Holdings

Atlanta, Georgia, United States
CanGen Holdings, Inc. is a manufacturer of consumables for the injection molding and extrusion industries. CanGen Holdings, Inc. (“CanGen”) consisting of subsidiaries Canterbury Engineering Company and Genca. CanGen Holdings is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

Milacron Holdings

Cincinnati, Ohio, United States

Category Company
Founded 2000
Sector Plastics
Employees4,100
Revenue 1.3B USD (2018)
DESCRIPTION

Milacron Holdings Corp. provides plastics processing equipment, technologies, and services. It offers hot runner systems, temperature controllers, and auxiliary equipment; and mold bases, mold components, cold runner systems, and control systems for the plastics industry. Milacron Holdings was founded in 2000 and is based in Cincinnati, Ohio.


DEAL STATS #
Overall 5 of 5
Sector (Engineering) 2 of 2
Type (Add-on Acquisition) 5 of 5
State (Georgia) 1 of 1
Country (United States) 4 of 4
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-02-19 Kortec

Ipswich, Massachusetts, United States

Kortec, Inc. is a supplier of co-injection technology solutions to the packaging industry.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-14 Uniloy

Tecumseh, Michigan, United States

Uniloy provides blow molding technologies and is the only blow molding machine manufacturer to offer four unique blow molding technologies as well as blow molds and associated tooling. Uniloy was founded in 1958 and is based in Tecumseh, Michigan.

Sell -

Seller(S) 1

SELLER

CHB Capital Partners

Denver, Colorado, United States

Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 150M USD
Size Small
Type Sector Agnostic
DESCRIPTION

CHB Capital provides growth capital and makes equity investments in closely held and family-owned businesses. CHB looks to invest $3 to $15 million in companies with annual revenues $10 to $200 million. Broad industry sectors of interest include niche manufacturing, distribution, consumer products, and services. CHB avoids investing in real estate, construction, natural resources, start-ups, and turnarounds. The Firm will consider majority and minority positions. CHB Capital was formed in 1993 and is based in Denver, Colorado, with an additional office in Houston, Texas.


DEAL STATS #
Overall 9 of 10
Sector (Engineering) 1 of 1
Type (Add-on Acquisition) 4 of 4
State (Georgia) 2 of 2
Country (United States) 9 of 10
Year (2015) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-18 Sorrento Networks International

Pleasanton, Colorado, United States

Sorrento Networks International, Inc. is a provider of metro optical access solutions, offering an edge-to-regional CWDM, DWDM, and ROADM product portfolio to carriers and enterprises. Sorrento's products are used, individually or as part of an integrated solution, in communications network infrastructures operated by telecommunications service providers, cable operators, governments, and enterprises around the globe. Sorrento Networks International was founded in 1993 and is based in Pleasanton, Colorado.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-03-15 Logic PD

Eden Prairie, Minnesota, United States

Logic PD, Inc. designs and develops embedded and connected devices serving the aerospace, defense, control and automation, Internet of Things (IoT), and medical/life sciences markets. Logic has evolved into a leading provider of electronics manufacturing services offering a complete suite of product lifecycle management solutions. With integrated capabilities in research, design, engineering, quality, regulatory, manufacturing, and aftermarket services, Logic helps its clients identify opportunities, reduce risk, and control costs to deliver the next generation of innovative products into the world’s most demanding markets. Logic PD was founded in 1960 and is based in Eden Prairie, Minnesota.

Sell -