M&A Deal Summary

Nautic Partners Acquires Tapes

On November 26, 2024, private equity firm Nautic Partners acquired manufacturer Tapes from Berry

Acquisition Highlights
  • This is Nautic Partners’ 4th transaction in the Manufacturing sector.
  • This is Nautic Partners’ 77th transaction in the United States.
  • This is Nautic Partners’ 2nd transaction in Kentucky.

M&A Deal Summary
Date 2024-11-26
Target Tapes
Sector Manufacturing
Buyer(s) Nautic Partners
Sellers(s) Berry
Deal Type Divestiture

Target

Tapes

Franklin, Kentucky, United States
Tapes is a manufacturer of pressure-sensitive tapes (specialty, foil, film, and duct) and adhesives. The Company offers more than 1,500 specialty SKUs across 500+ distinct product families to its diverse base of 1,500+ customers. The Company provides its specialty tapes and adhesives products to top customers serving the HVAC, Building and construction, Industrial, Retail, Medical, Aerospace, Automotive, and other specialty industries.

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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 78 of 78
Sector (Manufacturing) 4 of 4
Type (Divestiture) 6 of 6
State (Kentucky) 2 of 2
Country (United States) 77 of 77
Year (2024) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-01 Davidson Hospitality Group

Atlanta, Georgia, United States

Davidson Hospitality Group is a full-service hospitality management company comprised of 71 existing hotels and resorts, more than 175 restaurants, bars, and lounges, and nearly 1.5 million square feet of meeting space across the United States. Davidson offers a unique entrepreneurial management style and owners’ mentality that provides the individualized personal service of a small company, enhanced by the breadth and depth of skill and experience of a larger company. Davidson Hospitality Group was founded in 1974 and is based in Atlanta, Georgia.

Buy -

Seller(S) 1

SELLER

Berry

Evansville, Indiana, United States
Category Company
Founded 1967
Sector Plastics
Employees44,000
Revenue 12.7B USD (2023)
DESCRIPTION
Berry's corporate headquarters in Evansville, Indiana.
Berry's corporate headquarters in Evansville, Indiana.

Berry is a manufacturer and marketer of plastic packaging products for personal care, household, industrial, and transportation markets. Berry was incorporated in 1967 and is based in Evansville, Indiana.

DEAL STATS #
Overall 4 of 4
Sector (Manufacturing) 1 of 1
Type (Divestiture) 4 of 4
State (Kentucky) 1 of 1
Country (United States) 1 of 1
Year (2024) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-05 Strata Products

Pinxton, United Kingdom

Strata Products is a manufacturer of home, office, garden plastic products. Strata offers a full-suite of plastic manufacturing capabilities, including injection, rotational and blow moulding, enabling it to deliver continuous development and improvement across its product portfolio. Strata Products was founded in 1987 and is based in Pinxton, United Kingdom.

Sell -
Mergr

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