M&A Deal Summary

Mill Point Capital Acquires Nursery Supplies

On April 3, 2023, private equity firm Mill Point Capital acquired plastics company Nursery Supplies from Lincolnshire Management

Acquisition Highlights
  • This is Mill Point Capital’s 2nd transaction in the Plastics sector.
  • This is Mill Point Capital’s 23rd transaction in the United States.
  • This is Mill Point Capital’s 2nd transaction in Pennsylvania.

M&A Deal Summary

Date 2023-04-03
Target Nursery Supplies
Sector Plastics
Buyer(s) Mill Point Capital
Sellers(s) Lincolnshire Management
Deal Type Secondary Buyout

Target

Nursery Supplies

Chambersburg, Pennsylvania, United States
Nursery Supplies is a vertically-integrated manufacturer of sustainable horticulture packaging solutions. The Company’s capabilities include blow-molding, pressure forming, injection molding, vacuum forming, custom printing / branding, along with an in-house resin recycling platform which recycles over 40 million pounds of plastic annually. Nursery Supplies was founded in 1960 and is based in Chambersburg, Pennsylvania.

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Buyer(S) 1

DESCRIPTION

Mill Point Capital is a private equity firm focused on buyouts of established middle-market companies with strong track records. The Firm will consider opportunities throughout North American and generally looks to invest $15 to $80 million in companies valued up to $250 million. Sectors of interest include industrial and business services. Mill Point Capital is based in New York City.


DEAL STATS #
Overall 24 of 28
Sector (Plastics) 2 of 2
Type (Secondary Buyout) 5 of 5
State (Pennsylvania) 2 of 2
Country (United States) 23 of 26
Year (2023) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-01 ServicePoint

United States

ServicePoint is a field services provider focused on design & engineering, installation, and maintenance of technology infrastructure.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-02 Avenu Insights & Analytics

Centreville, Virginia, United States

Avenu Insights & Analytics is a provider of integrated administrative, revenue enhancement and payment software and solutions to state and local governments Avenu Insights & Analytics was founded in 1978 and is based in Centreville, Virginia.

Sell -

Seller(S) 1

SELLER

Lincolnshire Management

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 1.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Lincolnshire Management, Inc. (LMI) is a private equity firm focused on acquiring small and mid-sized companies in partnership with management. LMI typically targets companies with the majority of business conducted within the US. Prospective companies also have cash-flows of $5 to $50 million and significant opportunities for growth, either internally or through acquisitions. Target transaction situations include corporate divestitures, selling shareholders, and owners desiring liquidity. Lincolnshire Management was formed in 1986 and has office in New York City.


DEAL STATS #
Overall 23 of 23
Sector (Plastics) 1 of 1
Type (Secondary Buyout) 11 of 11
State (Pennsylvania) 2 of 2
Country (United States) 22 of 22
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-14 Banker Wire

Mukwonago, Wisconsin, United States

Banker Wire is a premier manufacturer and supplier of wire mesh products. Banker Wire specialized in fabricating wrought iron and wire products such as fire escapes, tool room partitions, and bank teller cages. Banker Wire was founded in 1896 and is based in Mukwonago, Wisconsin.

Buy -