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  6. New Water Capital Acquires BulkSak

M&A Deal Summary

New Water Capital Acquires BulkSak

On August 2, 2023, private equity firm New Water Capital acquired packaging company BulkSak

Acquisition Highlights
  • This is New Water Capital’s 4th transaction in the Packaging sector.
  • This is New Water Capital’s 16th transaction in the United States.
  • This is New Water Capital’s 1st transaction in North Carolina.
Investment Fate
  • BulkSak merged with another company in 2024.

M&A Deal Summary
Date 2023-08-02
Target BulkSak
Sector Packaging
Buyer(s) New Water Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

BulkSak

Gastonia, North Carolina, United States
BulkSak is a manufacturer and distributor of packaging products including FIBCs, specialty small bags, liners, dunnage bags, reusable plastic transportation pallets and other polypropylene-based products. BulkSak was founded in 2007 and is based in Gastonia, North Carolina.

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Buyer(S) 1

Buyer

New Water Capital

Investor Investor Investor Investor

Category Private Equity Firm
Founded 2014
PE ASSETS 406M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

New Water Capital is a private equity firm focused on special situation investments in the consumer products, retail, manufacturing, and services sectors. New Water seeks under performing companies, corporate carve-outs, turnarounds, as well as businesses in transition, either growth challenged or facing succession issues. New Water will consider opportunities throughout the US and Canada and seeks businesses with $30 to $300 million in revenue. New Water Capital was formed in 2014 and is based in Boca Raton, Florida.

DEAL STATS #
Overall 18 of 20
Sector (Packaging) 4 of 5
Type (Buyout (LBO, MBO, MBI)) 7 of 9
State (North Carolina) 1 of 1
Country (United States) 16 of 18
Year (2023) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-02 Norwood Paper

Chicago, Illinois, United States

Norwood Paper produces high-quality, non-box related branded liners, skid sheets and other flat sheets for customers ranging from small businesses to Fortune 500 companies. Norwood Paper was founded in 1972 and is based in Chicago, Illinois.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-19 Bulk Lift International

St. Charles, Illinois, United States

Bulk Lift International is a manufacturer and supplier of customized flexible intermediate bulk containers, bulk bags, totes, small packaging, and dry bulk container liners serving the chemical, food, minerals, agriculture, waste, and pharmaceuticals markets. Bulk Lift International was founded in 1978 and is based in St. Charles, Illinois.

Sell -
Mergr

Product

Company

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