M&A Deal Summary

Wellspring Capital Management Acquires Rohrer

On March 17, 2021, private equity firm Wellspring Capital Management acquired packaging company Rohrer from ShoreView Industries

Acquisition Highlights
  • This is Wellspring Capital Management’s 5th transaction in the Packaging sector.
  • This is Wellspring Capital Management’s 44th transaction in the United States.
  • This is Wellspring Capital Management’s 5th transaction in Ohio.

M&A Deal Summary

Date 2021-03-17
Target Rohrer
Sector Packaging
Buyer(s) Wellspring Capital Management
Sellers(s) ShoreView Industries
Deal Type Secondary Buyout
Advisor(s) Harris Williams & Co. (Financial)

Target

Rohrer

Wadsworth, Ohio, United States
Rohrer is a manufacturer of high-visibility consumer packaging, including graphically intensive skin, blister, folding carton, and clamshell packaging. The Company serves a diverse customer base across a variety of end markets, such as hardware, office supplies, batteries, consumer electronics, and personal care. Rohrer was established in 1973 and is based in Wadsworth, Ohio.

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Buyer(S) 1

Buyer

Wellspring Capital Management

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1995
PE ASSETS 4.5B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Wellspring Capital Management is a mega-sized private equity firm that focused on a variety of transaction situations. The Firm will consider buyouts of private companies, acquisitions of divisions or subsidiaries of public companies, shareholder liquidity needs, partnering with entrepreneurs for growth opportunities, and special situations. Wellspring does not have any sector preferences and is capable of pursuing transactions valued up to $1 billion. Wellspring Capital Management was formed in 1995 and is based in New York City.


DEAL STATS #
Overall 49 of 53
Sector (Packaging) 5 of 5
Type (Secondary Buyout) 20 of 22
State (Ohio) 5 of 5
Country (United States) 44 of 48
Year (2021) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-15 HealthPRO Heritage

Hunt Valley, Maryland, United States

HealthPRO Heritage is a diversified provider of therapy management and consulting services across the spectrum of care. HealthPRO operates in 32+ states, employs more than 9,000 therapists, and has earned a reputation for innovation, compliance, and sophisticated use of technology to optimize patient and business level outcomes. HealthPRO Heritage is based in Hunt Valley, Maryland.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-01 Coverall North America

Deerfield Beach, Florida, United States

Coverall North America is a franchisor of commercial cleaning services. The Coverall network has nearly 8,300 franchise business owners with 43 master owned business locations. Coverall North America was founded in 1985 and is based in Deerfield Beach, Florida.

Buy -

Seller(S) 1

SELLER

ShoreView Industries


Category Private Equity Firm
Founded 2002
PE ASSETS 1.3B USD
Size Large
Type Sector Agnostic
DESCRIPTION

ShoreView Industries is a middle-market private investment principally focused on partnering with family or entrepreneurial-owned companies. ShoreView will consider a variety of investment situations, including buyouts, leveraged recapitalizations, minority investments, and industry consolidations. Areas of interest include engineered products, distribution, industrial services, business services, and niche consumer products. ShoreView industries was established in 2002 and is headquartered in Minneapolis, Minnesota.


DEAL STATS #
Overall 24 of 29
Sector (Packaging) 4 of 4
Type (Secondary Buyout) 9 of 11
State (Ohio) 1 of 1
Country (United States) 23 of 28
Year (2021) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-22 Victory Air and Equipment

Victoria, Texas, United States

Victory Air and Equipment is a distributor of abrasives, paint, blasting equipment and accessories, and replacement parts used in surface preparation and industrial painting. Victory Air and Equipment is based in Victoria, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-06-17 Aeronix

Melbourne, Florida, United States

Aeronix is a provider of data transfer, signal analysis, and communications products and related engineering services primarily to the defense industry. Products include ruggedized ethernet switches, tactical data link technology, software defined radios, and signal processing mezzanine cards. Aeronix was founded in 1985 and is based in Melbourne, Florida.

Buy -