Stake Purchase • Plastics

Trivest Partners Invests In Jet Plastica

On July 1, 1997, private equity firm Trivest Partners invested in plastics company Jet Plastica

Investment Context
  • This is Trivest Partners’ 1st transaction in the Plastics sector.
  • This is Trivest Partners’ 3rd transaction in the United States.
  • This is Trivest Partners’ 1st transaction in Pennsylvania.
Investment Fate
  • Jet Plastica was sold to a publicly-traded strategic buyer in 2006.
  • Jet Plastica was divested to a consortium of strategic buyers in 2012.

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Investment Summary

Date July 1, 1997
Target Jet Plastica
Sector Plastics
Investor(s) Trivest Partners
Deal Type Stake Purchase

Target Company

Jet Plastica

Hatfield, Pennsylvania, United States
Jet Industries, Inc. is a manufacturer of injection molded disposable plastic cutlery, tumblers, dinnerware and extruded drinking straws. Jet Industries was formed in 1947 and is based in Hatfield, Pennsylvania.
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Investor Overview 1

Investor

Trivest Partners

Coral Gables, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 6.1B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
Trivest's corporate headquarters in Coral Gables, Florida.
Trivest's corporate headquarters in Coral Gables, Florida.

Trivest is a private equity firm that invests in North American middle-market corporate acquisitions, recapitalizations, and growth capital financings. For platform investments, sectors of interest include niche manufacturing, value-added distribution, business services, and consumer products/services. The Firm seeks businesses with at least $4 million of EBITDA and valued between $20 and $250 million. Trivest prefers control-based situations but will also consider minority or co-investment opportunities. For add-on opportunities, Trivest will consider companies globally with valuations starting at $1 million. Trivest Partners was formed in 1981 and is based in Coral Gables, Florida.


Deal Context for Investor #
Overall 3 of 91
Sector: Plastics 1 of 1
Type: Stake Purchase 1 of 3
State: Pennsylvania 1 of 2
Country: United States 3 of 81
Year: 1997 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1996-11-30 ElectroStar

Logan, Utah, United States

ElectroStar, Inc. is a manufacturer of complex rigid printed circuit boards used in sophisticated electronic equipment.

Sell $106M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
1998-10-20 Norwesco

Saint Bonifacius, Minnesota, United States

Norwesco, Inc. is a manufacturer of polyethylene tanks. Norwesco designs, manufactures, and markets a broad assortment of polyethylene tanks primarily to the agricultural and septic tank markets.

Sell -