M&A Deal Summary

The Gund Company Acquires Vanderveer Industrial Plastics

On May 1, 2023, The Gund Company acquired plastics company Vanderveer Industrial Plastics from Timepiece Capital and Gemini Investors

Acquisition Highlights
  • This is The Gund Company’s 1st transaction in the Plastics sector.
  • This is The Gund Company’s 2nd transaction in the United States.
  • This is The Gund Company’s 1st transaction in California.

M&A Deal Summary

Date 2023-05-01
Target Vanderveer Industrial Plastics
Sector Plastics
Buyer(s) The Gund Company
Sellers(s) Timepiece Capital
Gemini Investors
Deal Type Add-on Acquisition

Target

Vanderveer Industrial Plastics

Placentia, California, United States
Vanderveer Industrial Plastics is a fabricator and distributor of thermoplastics and specialty plastic laminates serving a variety of industrial applications. Vanderveer Industrial Plastics was founded in 1951 and is based in Placentia, California.

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Buyer(S) 1

Buyer

The Gund Company

St. Louis, Missouri, United States

Category Company
Sector Manufacturing
Employees500
DESCRIPTION

The Gund Company is a vertically integrated manufacturer and fabricator of engineered material solutions. There are over 500 Gund Company employees across 10+ locations across the United States, Canada, Mexico, and China. With headquarters in St. Louis, Missouri, The Gund Company is a 3rd generation family-owned business that is 30% employee-owned.


DEAL STATS #
Overall 2 of 2
Sector: Plastics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-30 Power & Composite Technologies

Amsterdam, New York, United States

Power & Composite Technologies designs, manufactures, and sells highly-engineered composite components for use in utility-scale electrical generators as well as custom composite structures for use in medical, technology aerospace and defense applications. Power & Composite Technologies was founded in 1994 and is based in Amsterdam, New York.

Buy -

Seller(S) 2

SELLER

Timepiece Capital

Phoenix, Arizona, United States

Investor


Category Private Equity Firm
Founded 2004
Size Small
Type Sector Agnostic
DESCRIPTION

Timepiece Capital is a private investment firm that targets smaller company investments across the niche distribution, manufacturing, and service industries. Timepiece looks for businesses with $5 to $50 million of annual revenue and at least $1.25 million of operating cash flow. Timepiece will not invest in restaurants, real estate opportunities, or companies with a significant degree of technology risk. Timepiece Capital was formed in 2004 and is based in Scottsdale, Arizona.


DEAL STATS #
Overall 6 of 7
Sector: Plastics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 4 of 4
State: California M&A 3 of 3
Country: United States M&A 6 of 7
Year: 2023 M&A 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 TGC Components

Grand Junction, Colorado, United States

Colorado Components is a manufacturer and distributor of aftermarket wheels, tires and wheel accessories for the powersports and golf cart markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-09 Center Rock

Berlin, Pennsylvania, United States

Center Rock is an integrated drilling solutions company that manufactures a complete line of pneumatically-driven downhole drilling products (bits & hammers), distributes capital equipment in the form of high-pressure air and booster compressors that power its manufactured drilling components, and offers 24/7 support services. Center Rock was founded in 1998 and is based in Berlin, Pennsylvania.

Sell -
SELLER

Gemini Investors

Wellesley, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 700M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Gemini Investors is a middle-market private equity firm that targets investments in growing and established businesses. Areas of interest include technology, business services, consumer services, healthcare, education, manufacturing and distribution. Gemini looks for companies with $5 to $50 million in annual revenue and typically makes investments of $3 to $8 million in the form of preferred stock and/or subordinated debt. Prospective transaction types include growth capital, recapitalization and buyout situations. Gemini Investors was formed in 1993 and is based in Wellesley, Massachusetts.


DEAL STATS #
Overall 50 of 53
Sector: Plastics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 25 of 25
State: California M&A 8 of 8
Country: United States M&A 50 of 53
Year: 2023 M&A 4 of 6
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-04-18 Workplace Modular Systems

Londonderry, New Hampshire, United States

Workplace Modular Systems is a designer, manufacturer and distributor of premium modular workbench stations and accessories for commercial application in manufacturing, distribution, medical, research, educational, and government facilities. Workplace Modular Systems is based in Londonderry, New Hampshire.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-09 Center Rock

Berlin, Pennsylvania, United States

Center Rock is an integrated drilling solutions company that manufactures a complete line of pneumatically-driven downhole drilling products (bits & hammers), distributes capital equipment in the form of high-pressure air and booster compressors that power its manufactured drilling components, and offers 24/7 support services. Center Rock was founded in 1998 and is based in Berlin, Pennsylvania.

Sell -