M&A Deal Summary

New Water Capital Acquires Gravis

On March 19, 2024, private equity firm New Water Capital acquired packaging company Gravis

Acquisition Highlights
  • This is New Water Capital’s 5th transaction in the Packaging sector.
  • This is New Water Capital’s 17th transaction in the United States.
  • This is New Water Capital’s 3rd transaction in Illinois.

M&A Deal Summary
Date 2024-03-19
Target Gravis
Sector Packaging
Buyer(s) New Water Capital
Deal Type Buyout (LBO, MBO, MBI)

Target

Gravis

St Charles, Illinois, United States
Gravis is a provider of engineered bulk transportation packaging solutions. Gravis partners with customers to design and supply optimal bulk packaging solutions for the food & beverage, agriculture, chemicals, pharmaceutical and materials industries. Gravis is based in St Charles, Illinois.

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Buyer(S) 1

Buyer

New Water Capital

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 19 of 19
Sector (Packaging) 5 of 5
Type (Buyout (LBO, MBO, MBI)) 8 of 8
State (Illinois) 3 of 3
Country (United States) 17 of 17
Year (2024) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-07 Trillium Health Care Products

Brockville, Ontario, Canada

Trillium Health Care Products is a manufacturer of branded and private label personal care products (primarily bar soap), prescription drugs and over-the-counter pharmaceutical products. Trillium Health Care Products was founded in 1993 and is based in Brockville, Ontario.

Sell -
Mergr

Product

Company

Legal