Investment Summary

Treadstone Partners and Mill Point Capital Exits Huntington Solutions

On December 28, 2020, Drew Foam invested in packaging company Huntington Solutions from Treadstone Partners and Mill Point Capital

Investment Highlights
  • This is Drew Foam’s 2nd transaction in the Packaging sector.
  • This is Drew Foam’s 2nd transaction in the United States.
  • This is Drew Foam’s 1st transaction in South Carolina.
Investment Fate
  • Huntington Solutions merged with another company in 2021.

Investment Summary

Date 2020-12-28
Target Huntington Solutions
Sector Packaging
Investor(s) Drew Foam
Sellers(s) Treadstone Partners
Mill Point Capital
Deal Type Add-on Acquisition

Target

Huntington Solutions

Greer, South Carolina, United States
Huntington Solutions is a provider of custom-engineered shape-molded and fabricated foam made from expanded polystyrene (EPS), expanded polypropylene (EPP), and other advanced resins. Huntington Solutions was founded in 1992 and is based in Greer, South Carolina.

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Investor(S) 1

Investor

Drew Foam

Monticello, Arkansas, United States

Category Company
Founded 1965
Sector Packaging
DESCRIPTION

Drew Foam is a provider of custom-fabricated expanded polystyrene foam ("EPS") products serving the packaging, building products, and consumer end-markets, primarily in the Southeastern United States. Drew Foam was founded in 1965 and is based in Monticello, Arkansas.


DEAL STATS #
Overall 2 of 2
Sector: Packaging M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: South Carolina M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-21 Davis Core & Pad Co.

Cave Spring, Georgia, United States

Davis Core & Pad Co. is an EPS foam shape molder. Davis Core & Pad Co.'s packaging products are used in a wide variety of end-markets including consumer perishables, IT products, and office furniture.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Huntington Solutions

Greer, South Carolina, United States

Huntington Solutions is a provider of custom-engineered shape-molded and fabricated foam made from expanded polystyrene (EPS), expanded polypropylene (EPP), and other advanced resins. Huntington Solutions was founded in 1992 and is based in Greer, South Carolina.

Sell -

Seller(S) 2

SELLER

Treadstone Partners

Dallas, Texas, United States

Category Private Equity Firm
Founded 1993
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Treadstone Partners is a private equity firm that concentrates on 'lower-to-middle market operating companies that are overleveraged, under-managed or confronting another event-driven development'. The Firm seeks to acquire controlling interests in businesses facing financial difficulty. Target companies generally have revenues of $10 to $150 million. Treadstone looks to invest $2 to $20 million in each transaction. Sectors of interest include basic manufacturing, logistics, distribution and financial service companies located throughout United States. In addition to investing in troubled companies, Treadstone also seeks to acquire discounted debt portfolios. Treadstone Partners was founded in 1993 and is based in Dallas, Texas.


DEAL STATS #
Overall 2 of 2
Sector: Packaging M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: South Carolina M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-22 Huntington Solutions

Greer, South Carolina, United States

Huntington Solutions is a provider of custom-engineered shape-molded and fabricated foam made from expanded polystyrene (EPS), expanded polypropylene (EPP), and other advanced resins. Huntington Solutions was founded in 1992 and is based in Greer, South Carolina.

Buy -
SELLER
DESCRIPTION

Mill Point Capital is a private equity firm focused on buyouts of established middle-market companies with strong track records. The Firm will consider opportunities throughout North American and generally looks to invest $15 to $80 million in companies valued up to $250 million. Sectors of interest include industrial and business services. Mill Point Capital is based in New York City.


DEAL STATS #
Overall 3 of 9
Sector: Packaging M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 5
State: South Carolina M&A 1 of 1
Country: United States M&A 3 of 9
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-14 Full Circle Fiber Partners

Englewood, Colorado, United States

Full Circle Fiber Partners is a provider of critical communications infrastructure services in the cable and broadband industry, primarily in the southeastern U.S. and the broader East Coast. Full Circle Fiber Partners is based in Englewood, Colorado.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-01 GlacierPoint

Bronx, New York, United States

GlacierPoint is a distributor of ice cream, frozen and fresh foods, and beverages for Dreyer’s, Häagen-Dazs, Edy’s, Skinny Cow, and other brands, as well as other fresh and frozen products, throughout the New York Metro area. The Company distributes to a diverse customer base comprised of grocery store chains, independent supermarkets, delis, drugstores, convenience store chains, and foodservice customers. GlacierPoint was founded in 2006 and is based in Bronx, New York.

Buy -