M&A Deal Summary

Timewell Drainage Products Acquires Midwest Plastic Products

On November 1, 2016, Timewell Drainage Products acquired plastics company Midwest Plastic Products from Spell Capital Partners

Acquisition Highlights
  • This is Timewell Drainage Products’ 1st transaction in the Plastics sector.
  • This is Timewell Drainage Products’ 1st transaction in the United States.
  • This is Timewell Drainage Products’ 1st transaction in Wisconsin.

M&A Deal Summary

Date 2016-11-01
Target Midwest Plastic Products
Sector Plastics
Buyer(s) Timewell Drainage Products
Sellers(s) Spell Capital Partners
Deal Type Add-on Acquisition

Target

Midwest Plastic Products

Jefferson, Wisconsin, United States
Midwest Plastic Products is a contract manufacturer providing plastic injection molding services.

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Buyer(S) 1

Buyer

Timewell Drainage Products

Timewell, Illinois, United States

Category Company
Founded 1982
Sector Manufacturing
DESCRIPTION

Timewell Drainage Products is a full line manufacturer of drainage solutions for agriculture, storm water and residential applications. With facilities in Illinois, Iowa, Wisconsin, Kentucky and Alabama, Timewell supplies the Midwest and Southern US. Timewell Drainage Products was founded in 1982 and is based in Timewell, Illinois.


DEAL STATS #
Overall 1 of 1
Sector: Plastics M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Wisconsin M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2016 M&A 1 of 1

Seller(S) 1

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 21 of 37
Sector: Plastics M&A 3 of 5
Type: Add-on Acquisition M&A Deals 11 of 21
State: Wisconsin M&A 3 of 5
Country: United States M&A 21 of 37
Year: 2016 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-11-01 Viking Plastics

Corry, Pennsylvania, United States

Viking Plastics is a manufacturer of tight-tolerance and custom injection molded products and assemblies for the automotive, HVAC, and industrial markets. Viking Plastics was founded in 1972 and is based in Corry, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-03-01 Ameribest

Philadelphia, Pennsylvania, United States

Ameribest is a provider of home health and personal care services including light household duties, meal preparation, hygiene, exercise, cleaning, and errands. Ameribest is based in Philadelphia, Pennsylvania.

Buy -