M&A Deal Summary

Tank Holding Acquires Dutchland Plastics

On January 21, 2022, Tank Holding acquired plastics company Dutchland Plastics from GarMark Partners and Brookside Capital Partners

Acquisition Highlights
  • This is Tank Holding’s 3rd transaction in the Plastics sector.
  • This is Tank Holding’s 5th transaction in the United States.
  • This is Tank Holding’s 1st transaction in Wisconsin.

M&A Deal Summary

Date 2022-01-21
Target Dutchland Plastics
Sector Plastics
Buyer(s) Tank Holding
Sellers(s) GarMark Partners
Brookside Capital Partners
Deal Type Add-on Acquisition

Target

Dutchland Plastics

Oostburg, Wisconsin, United States
Dutchland Plastics is a provider of custom rotational molding services and related secondary operations to a wide range of customers across a diverse cross section of markets including, but not limited to, recreational equipment, industrial equipment, and lawn and garden. Dutchland Plastics was founded in 1967 and is based in Oostburg, Wisconsin.

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Buyer(S) 1

Buyer

Tank Holding

Lincoln, Nebraska, United States

Category Company
Sector Packaging
DESCRIPTION

Tank Holding is a designer and manufacturer of proprietary rotationally-molded polyethylene and steel containers. Its broad line of products includes tanks for agricultural applications, intermediate bulk containers for hazardous material transportation, chemical storage tanks for industrial applications, as well as water and septic tanks for residential, commercial and municipal specifications. Tank Holding is based in Lincoln, Nebraska.


DEAL STATS #
Overall 5 of 5
Sector: Plastics M&A 3 of 3
Type: Add-on Acquisition M&A Deals 5 of 5
State: Wisconsin M&A 1 of 1
Country: United States M&A 5 of 5
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-01 Meese

Madison, Indiana, United States

Meese Inc. is a designer and manufacturer of bulk laundry and linen carts, material handling bins and containers, as well as a variety of other products including recycling bins and recreational products.

Buy -

Seller(S) 2

SELLER

GarMark Partners

Stamford, Connecticut, United States

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 1997
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

GarMark Partners is a private investment firm that makes debt and equity investments in a wide range of companies. The Firm invests in businesses at various stages of development to facilitate acquisitions, divestitures, recapitalizations, turnarounds or growth. Garmark typically invests between $5 and $30 million with an EBITDA $3 and $25 million. The firm prefers to invest in the sectors of manufacturing/industrial products, distribution, business services, consumer brands, food/nutrition products, transportation, healthcare, retail, and restaurants. GarMark Partners was formed in 1997 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 20 of 21
Sector: Plastics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 14 of 14
State: Wisconsin M&A 2 of 2
Country: United States M&A 18 of 19
Year: 2022 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-21 Talk More Wireless

St Petersburg, Florida, United States

Talk More Wireless is a Metro by T-Mobile retailer with over 100 owned stores in 7 states. Talk More markets and sells a full suite of handheld devices and accessories utilizing an Ever-Present Management system to successfully manage its growing store portfolio. Talk More Wireless was founded in 2002 and is based in St Petersburg, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-21 FCA Packaging

Moline, Illinois, United States

FCA Packaging is a provider of custom industrial packaging that includes wood, steel, corrugated and hybrid products, as well as expendable, reusable, and returnable solutions. FCA Packaging was founded in 1985 and is based in Moline, Illinois.

Buy -
SELLER

Brookside Capital Partners

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Brookside Capital Partners is an investment management firm focused on stable lower-middle market companies in the US. The Firm typically commits $5 to $30 million per transaction to support buyouts, leveraged recapitalizations, strategic acquisitions and growth. Potential businesses generally have revenue greater than $15 million, and EBITDA of at least $4 million. Industries of interest include business services, consumer, distribution, healthcare, manufacturing, and transportation and logistics. Brookside Capital Partners was established in 2001 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 16 of 26
Sector: Plastics M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 7
State: Wisconsin M&A 1 of 2
Country: United States M&A 16 of 26
Year: 2022 M&A 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-11 Signal Control Products

Branchburg, New Jersey, United States

Signal Control Products is a value-added distributor and solutions provider of signal control equipment used to manage the intersections and roadways of today while building safer, faster, and more efficient signal control systems for tomorrow’s integrated traffic mobility. Signal Control was founded in 1975 and headquartered in Branchburg, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-09 Clean Solutions Group

Mooresville, North Carolina, United States

Clean Solutions Group is a provider of environmentally responsible nonwoven filtration media and cleaning products. Clean Solutions Group is based in Mooresville, North Carolina.

Buy -