M&A Deal Summary

Wilbert Plastic Services Acquires Easley Custom Plastics

On June 24, 2011, Wilbert Plastic Services acquired plastics company Easley Custom Plastics from Parkway Capital

Acquisition Highlights
  • This is Wilbert Plastic Services’ 1st transaction in the Plastics sector.
  • This is Wilbert Plastic Services’ 1st transaction in the United States.
  • This is Wilbert Plastic Services’ 1st transaction in South Carolina.

M&A Deal Summary
Date 2011-06-24
Target Easley Custom Plastics
Sector Plastics
Buyer(s) Wilbert Plastic Services
Sellers(s) Parkway Capital
Deal Type Add-on Acquisition

Target

Easley Custom Plastics

Easley, South Carolina, United States
Easley Custom Plastics (fka: CH Industries, Inc.) is a full service custom injection molder which specializes in large size, difficult to manufacture polypropylene products and components.

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Buyer(S) 1

Buyer

Wilbert Plastic Services

Belmont, North Carolina, United States
Category Company
Founded 1965
Sector Manufacturing
DESCRIPTION

Wilbert Plastic Services, a premier thermoforming and injection molding company, is proud to be one of the top 25 plastic producers in North America.

DEAL STATS #
Overall 1 of 1
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2011) 1 of 1

Seller(S) 1

SELLER

Parkway Capital

Investor Investor Investor

Category Mezzanine Finance Firm
Founded 2000
PE ASSETS 400M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Parkway Capital is the mezzanine finance unit of Calvert Street Partners. Parkway's investments typically take the form of subordinated debt, which can be combined with a junior secured loan or preferred stock. If an opportunity calls for common equity, Parkway can also co-invest with other shareholders. Parkway looks to commit $3 to $12 million of capital per transaction in companies with at least $10 million in revenue and EBITDA in excess of $2 million. Funds are generally used to support business expansions, corporate acquisitions, leverage buyouts, recapitalization, ownership transfers, and 'wealth diversification'. Parkway Capital was formed in 2000 and became a unit of Calvert Street in 2019.

DEAL STATS #
Overall 5 of 12
Sector (Plastics) 1 of 1
Type (Add-on Acquisition) 1 of 4
State (South Carolina) 2 of 2
Country (United States) 5 of 12
Year (2011) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-15 Thompson Industrial Services

Sumter, South Carolina, United States

Thompson Industrial Services is a provider of comprehensive industrial cleaning services to a wide array of industrial market segments including pulp and paper, utilities, petrochemical and refining, steel, nuclear, rubber and tire, food processing, chemical, automotive, paint, and resin. Thompson was formed in 1986 and is based in Sumter, South Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-12-14 Westone Laboratories

Colorado Springs, Colorado, United States

Westone Laboratories, Inc. is a designer and manufacturer of high-quality hearing healthcare and in-ear audio solutions, with products ranging from hearing protection devices and audiology supplies to custom hearing aid earpieces and high-fidelity earphones. Westone Laboratories was founded in 1959 and is based in Colorado Springs, Colorado.

Buy -
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