M&A Deal Summary

SK Capital Partners Acquires Tilley Distribution

On January 7, 2021, private equity firm SK Capital Partners acquired distribution company Tilley Distribution

Acquisition Highlights
  • This is SK Capital Partners’ 1st transaction in the Distribution sector.
  • This is SK Capital Partners’ 17th transaction in the United States.
  • This is SK Capital Partners’ 1st transaction in Maryland.

M&A Deal Summary
Date 2021-01-07
Target Tilley Distribution
Sector Distribution
Buyer(s) SK Capital Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

Tilley Distribution

Baltimore, Maryland, United States
Tilley Distribution is a specialty chemical and lubricant distributor with value-added capabilities including storage, blending, packaging and regulatory and technical support. The Company operates two North American facilities and offers a comprehensive portfolio of value-added services, including regulatory and technical support, custom formulation, lab QA/QC testing, liquid and dry blending, storage and packaging and repackaging. Tilley Distribution was founded in 1952 and is based in Baltimore, Maryland.

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Buyer(S) 1

Buyer

SK Capital Partners

New York, New York, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2007
PE ASSETS 4.9B USD
Size Large
Type Sector Agnostic
DESCRIPTION

SK Capital Partners is a private investor in mature and middle-market companies located throughout North America. SK Capital focuses on companies with opportunities for substantial business improvement and strong growth prospects. The Firm looks to invest $100 to $200 million of equity in transactions valued up to $500 million. Prospective businesses typically generate $50 to $500 million in revenues and at least $100 million in EBITDA. Areas of interest include specialty materials, chemicals and healthcare. The Firm will consider a variety of transaction situations, including buyouts, recapitalizations, growth equity financings, and corporate carve-outs. SK Capital Partners was spun out of Arsenal Capital Partners and became independent in 2007. SK Capital Partners is based in New York City.

DEAL STATS #
Overall 26 of 40
Sector (Distribution) 1 of 2
Type (Buyout (LBO, MBO, MBI)) 4 of 6
State (Maryland) 1 of 1
Country (United States) 17 of 27
Year (2021) 1 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-10 Ipackchem

Paris, France

Ipackchem is a manufacturer of barrier packaging. Its products are mainly used in the transport and storage of aromas, fragrances, and agrochemical products, for which permeability, contamination, and evaporation constraints are critical. Ipackchem Group is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-11 Lacerta Group

Mansfield, Massachusetts, United States

Lacerta Group is a provider of thermoformed packaging solutions. The Company has built its reputation based on product integrity, excellent customer service, and above all, speed to market. Lacerta offers a comprehensive product portfolio and in-house design capabilities, with a customer-centric business model focused on tailored solutions for food processors and supermarkets. The Company’s fully integrated manufacturing platform includes capabilities across the product lifecycle in design & engineering, prototyping, mold-making & tooling, thermoforming, extrusion, and printing. Lacerta Group was founded in 1993 and is based in Mansfield, Massachusetts.

Buy -
Mergr

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