M&A Deal Summary

MPE Partners Acquires Teel Plastics

On February 5, 2020, private equity firm MPE Partners acquired plastics company Teel Plastics

Acquisition Highlights
  • This is MPE Partners’ 3rd transaction in the Plastics sector.
  • This is MPE Partners’ 68th transaction in the United States.
  • This is MPE Partners’ 4th transaction in Wisconsin.

M&A Deal Summary
Date 2020-02-05
Target Teel Plastics
Sector Plastics
Buyer(s) MPE Partners
Deal Type Recapitalization
Advisor(s) P&M Corporate Finance LLC (Financial)
Foley & Lardner (Legal)

Target

Teel Plastics

Baraboo, Wisconsin, United States
Teel Plastics is a manufacturer of plastic components specializing in plastic extrusion and injection molding. Teel Plastics was founded in 1951 and is based in Baraboo, Wisconsin.

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Buyer(S) 1

Buyer

MPE Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1968
PE ASSETS 3.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MPE Partners is a Midwest based investment firm principally focused private equity investments throughout North America. MPE has a preference for buyouts and recapitalizations of lower middle-market, family and entrepreneur owned businesses. The Firm looks for stand-alone companies operating in the 'high-value' manufacturing or business services sectors. MPE seeks businesses with at least $5 million of EBITDA and valued up to $250 million. MPE Partners is headquartered in Cleveland, Ohio.

DEAL STATS #
Overall 71 of 84
Sector (Plastics) 3 of 3
Type (Recapitalization) 15 of 23
State (Wisconsin) 4 of 4
Country (United States) 68 of 81
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-15 Promedior

Lexington, Massachusetts, United States

Promedior, Inc. is a clinical-stage biotechnology company pioneering the development of targeted therapeutics to treat diseases involving fibrosis. Fibrosis is a harmful process that occurs in many diseases, when normal healthy tissue is replaced with scar tissue, compromising function and ultimately leading to organ failure. Promedior focused on rare fibrotic diseases, including idiopathic pulmonary fibrosis and myelofibrosis. Promedior, Inc. was founded in 2006 and is based in Lexington, Massachusetts.

Sell $1.4B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-22 Trachte

Oregon, Wisconsin, United States

Trachte is a provider of engineered buildings, hardware, and related solutions that house electrical controls, switchgear, and other advanced equipment and systems. Its products serve a broad base of customers including electrical utility, renewable energy companies, hospitals and data centers. The Company’s design engineering, project management and related value-added services and reputation for quality make it the provider of choice for leading utilities and equipment OEMs. Trachte was founded in 1919 and is based in Oregon, Wisconsin.

Sell -
Mergr

Product

Company

Legal