M&A Deal Summary

Spectrum Plastics Group Acquires Midwest Plastic Components

On September 4, 2013, Spectrum Plastics Group acquired plastics company Midwest Plastic Components from Spell Capital Partners and Marquette Capital Partners

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

M&A Deal Summary
Date 2013-09-04
Target Midwest Plastic Components
Sector Plastics
Buyer(s) Spectrum Plastics Group
Sellers(s) Spell Capital Partners
Marquette Capital Partners
Deal Type Add-on Acquisition
Advisor(s) Stout (Financial)

Target

Midwest Plastic Components

Minneapolis, Minnesota, United States
Midwest Plastic Components is a contract manufacturer of specialty injection molded plastic components as well as prototype and rapid turn molding. Midwest Plastic Components is headquartered in Minneapolis, Minnesota.

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Buyer(S) 1

Buyer

Spectrum Plastics Group

Alpharetta, Georgia, United States
Category Company
Founded 2017
Sector Plastics
DESCRIPTION

Spectrum Plastics Group is a manufacturer of the thermoplastic profile, tube, and sheet plastic extrusions used in industrial, consumer, and other applications. Spectrum Plastics Group has manufacturing facilities in the U.S. and Mexico serving a variety of end-markets, including aerospace, retail, medical, traffic control, lighting, and fence. Spectrum Plastics Group was founded in 2017 and is based in Alpharetta, Georgia.

DEAL STATS #
Overall 1 of 9
Sector (Plastics) 1 of 2
Type (Add-on Acquisition) 1 of 7
State (Minnesota) 1 of 1
Country (United States) 1 of 7
Year (2013) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-02-27 PPC Industries

Pleasant Prairie, Wisconsin, United States

PPC Industries, Inc. is an extruder and converter of plastic films, bags, and tubing. The Company's products benefit customers in the food, medical, and industrial markets.

Buy -

Seller(S) 2

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 10 of 36
Sector (Plastics) 2 of 5
Type (Add-on Acquisition) 7 of 21
State (Minnesota) 3 of 9
Country (United States) 10 of 36
Year (2013) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 Fiberstar

River Falls, Wisconsin, United States

Fiberstar, Inc. is a manufacturer of ingredients derived from plant cell walls used in food products and cosmetics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-10-01 Adler Hot Oil Services

Vernal, Utah, United States

Adler Hot Oil Services LLC is an oilfield service company providing heating services for oil and gas well sites. Adler Hot Oil Services was founded in 1989 and is based in Vernal, Utah.

Buy -
SELLER

Marquette Capital Partners

St. Louis Park, Minnesota, United States

Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 258M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Marquette Capital Partners (MCP) is a private investment focused on junior capital investments in mature lower-middle market companies. MCP looks to invest $2 to $10 million per transaction to support growth, recapitalization, or change of control transactions. Prospective companies are typically manufacturers of consumer or industrial products, value-added distributors, business to business service companies, and retail businesses. MCP will not invest in start-ups, early stage venture capital, or real estate businesses. The firm is an affiliate of Marquette Financial Companies, a multibillion dollar financial services firm. Marquette Capital Partners was formed in 1997 and is based in Minneapolis, Minnesota, with an additional office in Chicago, Illinois.

DEAL STATS #
Overall 8 of 17
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 3 of 8
State (Minnesota) 3 of 6
Country (United States) 8 of 17
Year (2013) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-01-01 Majestic 360

Indianapolis, Indiana, United States

Cherry Vale Impressions LLC is a provider of custom vertical decoration services (screen printing, embroidery, and fulfillment) to the promotional products, licensed apparel, corporate identity, athletic apparel, and educational markets. Cherry Vale Impressions was founded in 2007 and is based in Indianapolis, Indiana.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-09-06 Climax Portable Machine Tools

Newberg, Oregon, United States

Climax Portable Machine Tools is a supplier of portable machine tools and related products serving the shipbuilding, power generation, service and engineering sectors. Climax Portable Machine Tools was founded in 1966 and is based in Newberg, Oregon.

Sell -
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