M&A Deal Summary

Sky Peak Capital and Graycliff Partners Acquire TriStar Plastics

On April 29, 2025, private equity firms Sky Peak Capital and Graycliff Partners acquired plastics company TriStar Plastics

Acquisition Highlights
  • This is Sky Peak Capital’s 1st and Graycliff Partners’ 4th transaction in the Plastics sector.
  • This is Sky Peak Capital’s 3rd and Graycliff Partners’ 71st transaction in the United States.
  • This is Sky Peak Capital’s 1st and Graycliff Partners’ 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2025-04-29
Target TriStar Plastics
Sector Plastics
Buyer(s) Sky Peak Capital
Graycliff Partners
Deal Type Buyout (LBO, MBO, MBI)

Target

TriStar Plastics

Shrewsbury, Massachusetts, United States
TriStar Plastics is a provider of engineered plastic solutions, specializing in high-performance plastics and self-lubricating bearing materials. TriStar Plastics was founded in 1982 and is based in Shrewsbury, Massachusetts.

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Buyer(S) 2

DESCRIPTION

Sky Peak Capital is a private equity firm that targets New England-based small business acquisitions with $5 to $20 million in revenue. The Firm specifically targets industrial, manufacturing, and business services companies with long-term customers and solid growth prospects. Sky Peak Capital is based in Windham, New Hampshire.


DEAL STATS #
Overall 3 of 3
Sector: Plastics M&A 1 of 1
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 2
State: Massachusetts M&A 1 of 1
Country: United States M&A 3 of 3
Year: 2025 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-24 Excelus Manufacturing Solutions

Manchester, New Hampshire, United States

Excelus Manufacturing Solutions is a manufacturing solutions provider with a focus on demanding industries including Aerospace, Defense, Semiconductor, Medical, High-tech & Industrial. Excelus Manufacturing Solutions is based in Manchester, New Hampshire.

Buy -
Buyer

Graycliff Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1991
PE ASSETS 1.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Graycliff Partners is a private equity firm focused on private equity and mezzanine investments in middle-market companies throughout the US. The Firm's mezzanine practice does not have any sector preferences and looks to invest $10 to $50 million in profitable companies with at least $10 million in revenue. Funds are used to support buyouts, growth needs, divestitures, or consolidations. Graycliff's private equity group looks to acquire middle-market companies in the manufacturing, service, and distribution sectors. The Firm looks for businesses with $10 to $200 million of revenue. Graycliff Partners was established in 1991 and is based in New York City.


DEAL STATS #
Overall 76 of 76
Sector: Plastics M&A 4 of 4
Type: Buyout (LBO, MBO, MBI) M&A Deals 27 of 27
State: Massachusetts M&A 2 of 2
Country: United States M&A 71 of 71
Year: 2025 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-09 Global Compression Services

Midland, Texas, United States

Global Compression Services is a global distributor of OEM and aftermarket parts and components for reciprocating natural gas engines and compressors. Global Compression Services is based in Midland, Texas.

Buy -