M&A Deal Summary

Olympus Partners Acquires Tank Holding

On March 26, 2019, private equity firm Olympus Partners acquired packaging company Tank Holding from Leonard Green & Partners

Acquisition Highlights
  • This is Olympus Partners’ 4th transaction in the Packaging sector.
  • This is Olympus Partners’ 41st transaction in the United States.
  • This is Olympus Partners’ 3rd transaction in Nebraska.

M&A Deal Summary

Date 2019-03-26
Target Tank Holding
Sector Packaging
Buyer(s) Olympus Partners
Sellers(s) Leonard Green & Partners
Deal Type Secondary Buyout

Target

Tank Holding

Lincoln, Nebraska, United States
Tank Holding is a designer and manufacturer of proprietary rotationally-molded polyethylene and steel containers. Its broad line of products includes tanks for agricultural applications, intermediate bulk containers for hazardous material transportation, chemical storage tanks for industrial applications, as well as water and septic tanks for residential, commercial and municipal specifications. Tank Holding is based in Lincoln, Nebraska.

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Buyer(S) 1

Buyer

Olympus Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1988
PE ASSETS 8.4B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Olympus Partners is a private equity group focused on investing in growth companies with strong management, and positions in their respective markets. The Firm will consider both venture capital and private equity investments and looks to commit $50 to $300 million per transaction. The Firm focuses its investment activities within the business services, healthcare, financial services, consumer, restaurant, software/IT services, and logistics/transportation industries. Olympus Partners was formed in 1988 and is based in Stamford Connecticut.


DEAL STATS #
Overall 42 of 53
Sector (Packaging) 4 of 5
Type (Secondary Buyout) 22 of 29
State (Nebraska) 3 of 3
Country (United States) 41 of 51
Year (2019) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-08-09 Rise Baking

Minneapolis, Minnesota, United States

Rise Baking is a manufacturer of premium cookies, dessert bars, artisan breads, and flatbreads. Rise Baking was founded in 2013 and is based in Minneapolis, Minnesota.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-31 3D Corporate Solutions

Monett, Missouri, United States

3D Corporate Solutions is a provider of pet food ingredients. The company develops, processes, distributes and sells a variety of products using chicken, turkey, beef, lamb, and various other protein sources. 3D Corporate Solutions was founded in 2002 and is based in Monett, Missouri.

Buy -

Seller(S) 1

SELLER

Leonard Green & Partners

Los Angeles, California, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Leonard Green & Partners is a mega-sized private equity firm that invests in established companies that are leaders in their respective markets. Leonard Green will consider investments in consumer and business services, consumer products, distribution, media, and retail. Typical transaction values for acquisitions are between $500 million and $2 billion, however, the firm is capable of closing transactions valued up to $5 billion. Types of transactions include public-to-private, recapitalizations of privately held businesses, growth capital, equity capital to facilitate acquisitions, turnarounds/restructurings, and acquisitions of divisions/assets from large corporations. Leonard Green & Partners was formed in 1989 and is based in Los Angeles, California.


DEAL STATS #
Overall 36 of 54
Sector (Packaging) 1 of 1
Type (Secondary Buyout) 13 of 18
State (Nebraska) 1 of 1
Country (United States) 35 of 51
Year (2019) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-13 US Renal Care

Plano, Texas, United States

US Renal Care is a provider of outpatient treatment centers for persons suffering from chronic and acute renal disease. The company serves more than 25,000 patients in 335 dialysis facilities in 32 states and the Territory of Guam. US Renal Care was founded in 2000 and is based in Plano, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-28 Savers

Bellevue, Washington, United States

Savers, Inc. is a global thrift retailer offering clothing and accessories for men, women and children and household goods under the Savers, Value Village, Village des Valeurs, Unique Thrift Store and Valu Thrift Store brands. Founded in 1954, Savers operates nearly 290 locations and has more than 17,000 employees across the United States, Canada and Australia.

Sell -