M&A Deal Summary

Nautic Partners Acquires Aurora Plastics

On August 11, 2021, private equity firm Nautic Partners acquired plastics company Aurora Plastics from Wind Point Partners and Ontario Teachers Pension Plan

Acquisition Highlights
  • This is Nautic Partners’ 3rd transaction in the Plastics sector.
  • This is Nautic Partners’ 66th transaction in the United States.
  • This is Nautic Partners’ 5th transaction in Ohio.

M&A Deal Summary

Date 2021-08-11
Target Aurora Plastics
Sector Plastics
Buyer(s) Nautic Partners
Sellers(s) Wind Point Partners
Ontario Teachers Pension Plan
Deal Type Secondary Buyout
Advisor(s) William Blair
Barclays Investment Bank (Financial)
Reed Smith (Legal)

Target

Aurora Plastics

Streetsboro, Ohio, United States
Aurora Plastics produces customized rigid polyvinyl chloride (“RPVC”) compounds for extruding and injection molding customers throughout North America. Aurora provides quality and service through highly automated manufacturing facilities in Ohio and North Carolina. Aurora Plastics was founded in 1997 and is based in Streetsboro, Ohio.

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Buyer(S) 1

Buyer

Nautic Partners

Providence, Rhode Island, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 9.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Nautic Partners is a private equity firm focused on middle-market company investments based in the US. Nautic looks to invest $50 to $400 million of equity in businesses valued between $100 million and $1 billion. Nautic's industry focus is business services, manufacturing, healthcare, and communications. Prospective investment structures include buyouts, recapitalizations, consolidations, and growth financings. Nautic prefers majority investment positions. Nautic Partners was formed in 1986 and is based in Providence, Rhode Island.


DEAL STATS #
Overall 67 of 78
Sector (Plastics) 3 of 3
Type (Secondary Buyout) 19 of 22
State (Ohio) 5 of 5
Country (United States) 66 of 77
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-10 Spartech

St. Louis, Missouri, United States

Spartech is a producer of plastic products including polymeric compounds, concentrates, custom extruded sheet and roll stock products, and packaging solutions for a wide spectrum of customers. Spartech was founded in 1960 and is based in St. Louis, Missouri.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 EmpiRx Health

Montvale, New Jersey, United States

EmpiRx Health is a pharmacy benefit manager with a clinically focused and tech-enabled approach to bending the Rx cost curve. EmpiRx Health takes a clinical-first approach to improve health outcomes while delivering deep and sustainable savings for its clients. EmpiRx Health was founded in 2014 and is based in Montvale, New Jersey.

Buy -

Seller(S) 2

SELLER

Wind Point Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wind Point Partners is a private equity firm focused on acquisitions of mid-sized companies operating in the business services, consumer products, healthcare services, and industrial products sectors. Wind Point looks to invest $60 to $130 million in companies valued up to $500 million. Prospective transaction types include leveraged buyouts, recapitalizations, industry consolidations, and growth capital financings. Wind Point Partners began investing in 1984 and is based in Chicago.


DEAL STATS #
Overall 50 of 56
Sector (Plastics) 2 of 2
Type (Secondary Buyout) 18 of 23
State (Ohio) 2 of 3
Country (United States) 45 of 51
Year (2021) 5 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-07 Ascensus Specialties

Bellevue, Washington, United States

Ascensus Specialties is a manufacturer of specialty chemicals primarily in two end-markets: pharmaceutical drug manufacturing and pulp & paper processing. In pharmaceutical drug manufacturing, sodium borohydride is used as a reducing agent. In pulp & paper processing, sodium borohydride is used as a bleaching agent to prepare paper products for end-customer use. Ascensus Specialties was founded 2014 and is based in Bellevue, Washington.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-02 Vertex

Weymouth, Massachusetts, United States

Vertex is a multidisciplinary engineering and consulting firm that provides forensic consulting, engineering design, construction management, claims & dispute resolution, environmental, and digital solutions to insurance carriers, sureties, law firms, real estate owners, property managers, public agencies, and commercial clients. Clients rely on Vertex to deliver solutions for complex situations with a high cost of failure. Vertex was founded in 1995 and is based in Weymouth, Massachusetts.

Buy -
SELLER

Ontario Teachers Pension Plan

Toronto, Ontario, Canada

Investor Investor Investor Investor Investor


Category Pension
Founded 1990
PE ASSETS 242.5B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Teachers' Private Capital is the direct investment arm of the Ontario Teachers' Pension Plan. Teachers' Private Capital considers both private equity and venture related investments in North America, Europe, and Asia. Teachers' can support direct private equity investments between $100 million and $3 billion. Target sectors include business services, consumer products, retail, diversified industrials, financial services, technology, media, and communications. Teachers' Private Capital also makes private equity fund investments between $50 million and $750 million. Teachers' Private Capital was formed in 1991 and is based in Toronto, with additional offices in London and New York.


DEAL STATS #
Overall 57 of 73
Sector (Plastics) 1 of 1
Type (Secondary Buyout) 14 of 20
State (Ohio) 2 of 3
Country (United States) 30 of 39
Year (2021) 9 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-04 ApplyBoard

Kitchener, Ontario, Canada

ApplyBoard is an online platform that empowers students around the world to access top quality education. ApplyBoard was founded in 2015 and is based in Kitchener, Ontario.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-17 CeramTec Group

Plochingen, Germany

CeramTec Group is a manufacturer of high-performance ceramics and is specialized in the development, manufacturing, and sale of parts, components, and products made from a wide variety of ceramic materials. CeramTec Group was founded in 1903 and is based in Plochingen, Germany.

Sell -