M&A Deal Summary

Palladium Equity Partners Acquires Accupac

On January 22, 2020, private equity firm Palladium Equity Partners acquired consumer products company Accupac from J.H. Whitney Capital Partners

Acquisition Highlights
  • This is Palladium Equity Partners’ 2nd transaction in the Consumer Products sector.
  • This is Palladium Equity Partners’ 45th transaction in the United States.
  • This is Palladium Equity Partners’ 3rd transaction in Pennsylvania.

M&A Deal Summary
Date 2020-01-22
Target Accupac
Sector Consumer Products
Buyer(s) Palladium Equity Partners
Sellers(s) J.H. Whitney Capital Partners
Deal Type Secondary Buyout
Advisor(s) Lincoln International (Financial)
Gibson, Dunn & Crutcher (Legal)

Target

Accupac

Mainland, Pennsylvania, United States
Accupac is a provider of outsourced manufacturing and packaging solutions to pharmaceutical and over-the-counter (OTC) personal care product manufacturers. Accupac is a specialist in liquid topical and oral care products, including skin creams, toothpaste, moisturizing lotions, mouthwash, and other personal care products, many of which require FDA approval. Accupac was established in 1974 and is based in Mainland, Pennsylvania.

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Buyer(S) 1

Buyer

Palladium Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1997
PE ASSETS 3.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Palladium Equity Partners is a private equity firm that looks to invest in businesses focused on the US Hispanic marketplace. Target sectors include business services, financial services, consumer/retail, food/restaurants, healthcare, manufacturing, and media. Palladium's target investment size is $50 to $150 million with an EBITDA of $10 to $75 million. The Firm will consider investing in mature, stable businesses as well as younger companies and turnaround situations. Palladium was formed in 1997 and is based in New York City.

DEAL STATS #
Overall 46 of 52
Sector (Consumer Products) 2 of 2
Type (Secondary Buyout) 6 of 9
State (Pennsylvania) 3 of 3
Country (United States) 45 of 51
Year (2020) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 Raben Tire

Evansville, Indiana, United States

Raben Tire Co. LLC is an independent tire dealer offering new and retreaded tires as well as automotive services to retail, commercial, and wholesale customers. Raben operates 25 stores, two wholesale distribution centers, and three retreading facilities across five midwestern states. Raben Tire carries a diverse product portfolio including passenger, truck, farm, off road, and motorcycle tires.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-27 DolEx Dollar Express

Arlington, Texas, United States

DolEx Dollar Express is a provider of electronic funds transfer services through approximately 600 branches and over 2,000 agents in the mainland U.S., Puerto Rico, U.S. Virgin Islands, and Europe. The company’s services allow customers to quickly and safely send money to beneficiaries in North America, Latin America, North Africa, Asia, Europe, and the Caribbean through its settlement relationships with thousands of banks, exchange houses, and retail locations. DolEx also offers ancillary products and services including phone cards, bill payments, money orders, check cashing, prepaid mobile e-pins, and its Amigo Latino Plus prepaid card. DolEx Dollar Express was founded in 1996 and is based in Arlington, Texas.

Sell -

Seller(S) 1

SELLER

J.H. Whitney Capital Partners

New Canaan, Connecticut, United States
Category Private Equity Firm
Founded 1946
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

J.H. Whitney & Co. is a private equity firm focused on small and middle-market buyouts and recapitalizations of US-based, growth-oriented companies. The Firm targets companies with $50 to $500 million in revenue and looks to invest $20 to $125 million per transaction. Industries of interest include consumer, healthcare, specialty manufacturing, and business services. J.H. Whitney & Co. was formed in 1946 and is based in New Canaan, Connecticut.

DEAL STATS #
Overall 21 of 27
Sector (Consumer Products) 3 of 3
Type (Secondary Buyout) 13 of 14
State (Pennsylvania) 2 of 2
Country (United States) 20 of 26
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-16 Confluence Outdoor

Greenville, South Carolina, United States

Confluence Outdoor designs, manufactures, and markets kayaks, canoes, and paddlesports accessories. Confluence Outdoor is the result of the blending of eight unique watersports brands: Wilderness Systems, Perception, Dagger, and Wave Sport kayaks, Mad River Canoe, Adventure Technology paddles, Bomber Gear and Harmony accessories. Confluence Outdoor was founded in 1971 and is based in Greenville, South Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-05 Cooley Group

Pawtucket, Rhode Island, United States

Cooley Group designs, engineers and manufactures polymer-based industrial textile solutions for a diverse set of OEM fabricators. Cooley Group was founded in 1926 and is based in Pawtucket, Rhode Island.

Buy -
Mergr

Product

Company

Legal