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Buyout (LBO, MBO, MBI) • Environmental

Norwest Equity Partners Acquires Gopher Resource

On February 1, 2010, private equity firm Norwest Equity Partners acquired environmental company Gopher Resource

Acquisition Context
  • This is Norwest Equity Partners’ 1st transaction in the Environmental sector.
  • This is Norwest Equity Partners’ 29th transaction in the United States.
  • This is Norwest Equity Partners’ 8th transaction in Minnesota.
Investment Fate
  • Gopher Resource was sold to a consortium of financial buyers in 2018.

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M&A Deal Summary
Date February 1, 2010
Target Gopher Resource
Sector Environmental
Buyer(s) Norwest Equity Partners
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Gopher Resource

Eagan, Minnesota, United States
Gopher Resource is a technologically-advanced secondary lead processor that recycles lead-acid batteries and other lead bearing materials, with a majority of the refined lead being used in automotive and industrial batteries. Additionally, the company recycles polypropylene from battery casings through its subsidiary, Resource Plastics. Gopher Resource was founded in 1946 and is headquartered in Eagan, Minnesota with an additional facility in Tampa, Florida.
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Buyer Overview 1

Buyer

Norwest Equity Partners

Minneapolis, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1961
PE ASSETS 6.7B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Norwest Equity Partners (NEP) is a private equity firm focused on investing in growing and profitable middle-market companies. NEP targets investments in businesses valued between $50 and $500 million, typically investing $75 to $175 million of capital per investment. Funds are typically used to fund management buyouts, recapitalizations, and growth financing. Sectors of interest include manufacturing, distribution, healthcare, technology/business services, and consumer products/services. NEP is affiliated with Norwest Mezzanine Partners, an investment partnership focused on providing junior capital to middle-market companies. Norwest Equity Partners is based in Minneapolis, Minnesota.

Deal Context for Buyer #
Overall 29 of 75
Sector: Environmental 1 of 2
Type: Buyout (LBO, MBO, MBI) 12 of 19
State: Minnesota 8 of 15
Country: United States 29 of 72
Year: 2010 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-12-31 Amcom Software

Eden Prairie, Minnesota, United States

Amcom Software, Inc. is a provider of software solutions, which enable seamless, critical communications.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-03-31 InnoWare Plastic

Menomonee Falls, Wisconsin, United States

InnoWare (formerly Duni Corp) is a manufacturer of disposable plastic food containers and converter of premium paper products. InnoWare's complete in-house design, converting, thermoforming, printing, and embossing capabilities enable it to offer customized and distinctive products to its customers within the foodservice and retail markets. InnoWare designs and manufactures its plastic food containers in Thomaston, Georgia, and its paper tableware products in Menomonee Falls, Wisconsin. NEP partnered with Nick Clementi, a paper and plastic industry veteran, on its investment with InnoWare. Mr. Clementi currently serves on the board of directors and is non-executive Chairman at InnoWare.

Sell $24M

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