M&A Deal Summary

Rainier Partners Acquires Calpine

On April 13, 2021, private equity firm Rainier Partners acquired packaging company Calpine

Acquisition Highlights
  • This is Rainier Partners’ 1st transaction in the Packaging sector.
  • This is Rainier Partners’ 1st transaction in the United States.
  • This is Rainier Partners’ 1st transaction in California.

M&A Deal Summary
Date 2021-04-13
Target Calpine
Sector Packaging
Buyer(s) Rainier Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Calpine

Clovis, California, United States
Calpine distributes innovative and quality packaging while serving customers as partners. From bags and boxes to pallets and strapping, Calpine supplies products that will protect customers' produce from field to market. Calpine’s footprint of 11 locations throughout key West Coast agricultural regions enables it to serve a customer base of more than 500 fresh produce growers and marketers. Calpine was formed in 1895 and is based in Clovis, California.

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Buyer(S) 1

Buyer

Rainier Partners

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2020
PE ASSETS 375M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Rainier Partners is a private equity firm focused on acquiring and investing in lower middle-market service-based companies. Areas of interest include business services, education, marketing, information services, financial services, consumer services, healthcare services, testing, industrial services, and engineering. Rainier Partners will consider businesses throughout North America with a preference for companies in the Western US and Canada. Prospective transaction situations include buyouts, divestitures, and turnarounds. Rainier Partners was formed in 2020 and is based in Seattle, Washington.

DEAL STATS #
Overall 1 of 5
Sector (Packaging) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 1 of 1
State (California) 1 of 2
Country (United States) 1 of 5
Year (2021) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-06 Performance Tool

Tukwila, Washington, United States

Performance Tool is a supplier, distributor, and category manager of specialty tools, hand tools, and equipment for automotive aftermarket, hardware, farm and fleet, and industrial end markets. Performance Tool was founded in 1971 and is based in Tukwila, Washington.

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