M&A Deal Summary

Wynnchurch Capital Acquires Drew Foam

On November 9, 2020, private equity firm Wynnchurch Capital acquired packaging company Drew Foam from Branford Castle Partners

Acquisition Highlights
  • This is Wynnchurch Capital’s 1st transaction in the Packaging sector.
  • This is Wynnchurch Capital’s 41st transaction in the United States.
  • This is Wynnchurch Capital’s 1st transaction in Arkansas.
Investment Fate
  • Drew Foam merged with another company in 2021.

M&A Deal Summary

Date 2020-11-09
Target Drew Foam
Sector Packaging
Buyer(s) Wynnchurch Capital
Sellers(s) Branford Castle Partners
Deal Type Secondary Buyout
Advisor(s) Deloitte (Financial)
Akerman (Legal)

Target

Drew Foam

Monticello, Arkansas, United States
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.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Wynnchurch Capital

Rosemont, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1999
PE ASSETS 9.2B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wynnchurch Capital is a private equity firm focused on middle-market company investments in the US and Canada. Wynnchurch looks to commit $50 to $750 million of equity per platform. Sectors of interest include manufacturing, business services, logistics, energy and power services, and value-added distribution. Prospective transaction types include management buyouts, recapitalizations, corporate carve-outs, restructurings, turnarounds and growth capital situations. Wynnchurch Capital was formed in 1999 and is based in Rosemont, Illinois.


DEAL STATS #
Overall 53 of 75
Sector: Packaging M&A 1 of 6
Type: Secondary Buyout M&A Deals 8 of 20
State: Arkansas M&A 1 of 1
Country: United States M&A 41 of 63
Year: 2020 M&A 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-09-07 Labrie

Levis, Quebec, Canada

Labrie is a manufacturer of refuse collection vehicles across North America. The Company markets its full suite of products under the Labrie (side loaders), Wittke (front loaders), and Leach (rear loaders) brands which are all well-known and respected in the industry. Labrie was founded in 1971 and is based in Levis, Quebec.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 ICA

Allentown, Pennsylvania, United States

ICA is a manufacturer of expanded polystyrene (“EPS”) foam products for applications including building insulation, infrastructure construction, packaging, cold chain, and other applications across the northeastern U.S. ICA was founded in 1981 and is based in Allentown, Pennsylvania.

Buy -

Seller(S) 1

SELLER

Branford Castle Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Branford Castle is a private investment firm that seeks investments in traditional companies with stable cash flows. Branford Castle prefers investing in 'old economy' businesses valued up to $100 million. Brandford will consider public or private companies, but the Firm will not invest in bankrupt, turnaround, or distressed situations. Sectors of interest include manufacturing, commercial distribution, services, consumer products, publishing, restaurants, and infrastructure. Branford Castle was formed in 1986 and is based in New York, New York.


DEAL STATS #
Overall 6 of 10
Sector: Packaging M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 5
State: Arkansas M&A 1 of 1
Country: United States M&A 5 of 9
Year: 2020 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-17 Fibrix Filtration

Mooresville, North Carolina, United States

Fibrix Filtration is a manufacturer of air filtration products. Fibrix Filtration products are pivotal in optimizing the performance of commercial and industrial HVAC systems, leading to enhanced system efficiency, lower energy costs, and improved air quality. Fibrix Filtration is based in Mooresville, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-07 Lafayette Instrument

Lafayette, Indiana, United States

Lafayette Instrument is a manufacturer of scientific instruments, including their polygraph systems, as well as a suite of proprietary neuroscience equipment. The Company sells its polygraph products to most federal law enforcement and government security agencies, as well as to state and local law enforcement agencies. Lafayette Instrument was formed in 1947 and is based in Lafayette, Indiana.

Buy -