M&A Deal Summary

Revolution Acquires Polar Plastics

On October 23, 2020, Revolution acquired plastics company Polar Plastics from Spell Capital Partners

Acquisition Highlights
  • This is Revolution’s 1st transaction in the Plastics sector.
  • This is Revolution’s 1st transaction in the United States.
  • This is Revolution’s 1st transaction in Minnesota.

M&A Deal Summary
Date 2020-10-23
Target Polar Plastics
Sector Plastics
Buyer(s) Revolution
Sellers(s) Spell Capital Partners
Deal Type Add-on Acquisition

Target

Polar Plastics

Oakdale, Minnesota, United States
Polar Plastics LLC is a manufacturer of plastic film and low-density polyethylene packaging products used to make plastic films and bags for packaging, logisitics, home improvement, retail, and other applications. Polar Plastics was founded in 1967 and is based in Oakdale, Minnesota.

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Buyer(S) 1

Buyer

Revolution

Little Rock, Arkansas, United States
Category Company
Founded 1996
Sector Plastics
DESCRIPTION

Revolution is a provider of sustainable, closed-loop plastic products serving the agricultural, consumer, and industrial markets. Revolution was founded in 1996 and is based in Little Rock, Arkansas.

DEAL STATS #
Overall 1 of 5
Sector (Plastics) 1 of 3
Type (Add-on Acquisition) 1 of 5
State (Minnesota) 1 of 1
Country (United States) 1 of 4
Year (2020) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-17 Jadcore

Terre Haute, Indiana, United States

Centrally located in Terre Haute, Indiana, Jadcore began as a family-owned start-up business in 1974 and has grown to one of the largest full-service post-industrial recycling operations in the Midwest. The company serves both large and small plastic manufacturers, processing more than 100 million pounds of plastic material each year.

Buy -

Seller(S) 1

SELLER

Spell Capital Partners

Edina, Minnesota, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 1988
PE ASSETS 750M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Spell Capital Partners is a private equity firm that targets control investments in lower middle-market manufacturing and distribution businesses. Spell targets companies with at least $5 million in annual revenues and minimum EBITDA of $1 million. The Firm's target equity investment size range is $2 to $15 million. Spell prefers opportunities located in the upper-midwestern states of Minnesota, Iowa, Wisconsin, North Dakota, South Dakota, Indiana, Illinois, and Nebraska. Spell Capital Partners was formed in 1988 and is based in Minneapolis, Minnesota.

DEAL STATS #
Overall 28 of 35
Sector (Plastics) 4 of 5
Type (Add-on Acquisition) 15 of 20
State (Minnesota) 6 of 9
Country (United States) 28 of 35
Year (2020) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-13 Arandell

Menomonee Falls, Wisconsin, United States

Arandell is a commercial printing company providing high-quality catalogs and multichannel marketing solutions to upscale retailers. Arandell was founded in 1922 and is based in Menomonee Falls, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-07 Vestal Manufacturing

Sweetwater, Tennessee, United States

Vestal Manufacturing is a manufacturer and distributor of cast iron and steel fabricated components to municipalities, original equipment manufacturers and the home, hearth and patio industries.

Sell -
Mergr

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