M&A Deal Summary

Novvia Group Acquires Silver Spur

On September 9, 2021, Novvia Group acquired distribution company Silver Spur from Meridian General Capital

Acquisition Highlights
  • This is Novvia Group’s 3rd transaction in the Distribution sector.
  • This is Novvia Group’s 4th transaction in the United States.
  • This is Novvia Group’s 1st transaction in California.

M&A Deal Summary
Date 2021-09-09
Target Silver Spur
Sector Distribution
Buyer(s) Novvia Group
Sellers(s) Meridian General Capital
Deal Type Merger
Advisor(s) Mesirow Financial Holdings, Inc. (Financial)
Proskauer Rose LLP (Legal)

Target

Silver Spur

Cerritos, California, United States
Silver Spur is a distributor of glass and plastic packaging products serving a variety of end markets, with a specialization in glass bottles used in nutraceutical and pharmaceutical applications. Silver Spur was founded in 1978 and is based in Cerritos, California.

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Buyer(S) 1

Buyer

Novvia Group

Atlanta, Georgia, United States
Category Company
Sector Packaging
DESCRIPTION

Novvia Group is a provider of packaging solutions and customized services with domestic and international customers across myriad industries. Novvia Group is based in Atlanta, Gerogia.

DEAL STATS #
Overall 4 of 18
Sector (Distribution) 3 of 13
Type (Merger) 4 of 4
State (California) 1 of 5
Country (United States) 4 of 17
Year (2021) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-09 Inmark

Austell, Georgia, United States

Inmark is a general, life sciences, and hazardous goods/biomedical compliant packaging products and associated services company. Inmark was founded in 1975 and is based in Austell, Georgia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-25 Fox Valley Containers

Crystal Lake, Illinois, United States

Fox Valley Containers is a distributor of cans, pails, drums, bottles, jars, and other rigid packaging products. Fox Valley provides high levels of service to a long-tenured customer base, leveraging five warehouse locations throughout the Upper Midwest. Fox Valley Containers is based in Crystal Lake, Illinois.

Buy -

Seller(S) 1

SELLER

Meridian General Capital

Investor

Category Private Equity Firm
Founded 2002
Size Small
Type Sector Agnostic
DESCRIPTION

Meridian General Capital is a private investment firm focused on acquiring lower middle-market companies across the US. The Firm targets profitable companies (> $3 million of EBITDA) with revenue of $20 to $200 million. Sectors of interest include business services, packaging, technology, digital media, e-commerce, distribution, telecom, aerospace, light manufacturing, and medical devices. Meridian General Capital was established in 2002 and is based in Rolling Hills Estates, California.

DEAL STATS #
Overall 3 of 3
Sector (Distribution) 1 of 1
Type (Merger) 1 of 1
State (California) 1 of 1
Country (United States) 3 of 3
Year (2021) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-30 PowderCoat Services

Anaheim, California, United States

PowderCoat Services is a production powder coater offering its customers a diverse range of related services. PCS is able to provide a new and unique process called Electrophoretic Deposition (EDP), the liquid coating process that deposits cross-linked organic polyurethane to any metallic and select non-metallic surfaces using electrical current. PCS serves a wide spectrum of industries including Automotive, Home Improvement, Consumer Products, Sports Equipment, Musical Instruments, Electronics, Cleaning & Sanitizing, and the Military. PowderCoat Services was founded in 1981 and is based in Anaheim, California.

Buy -
Mergr

Product

Company

Legal