Verso - M&A Summary, Ownership, and Business Overview

Forest ProductsCompany

Verso M&A Summary

Verso has acquired 2 companies of its own. It has also divested 4 assets.

Verso’s largest acquisition to date was in 2015, when it acquired NewPage for $1.4B. It’s largest disclosed sale occurred in 2019, when it sold Verso - Androscoggin & Stevens Point Mills to Pixelle Specialty Solutions for $400M. Verso has acquired in 2 different US states. The Company’s most targeted sectors include energy services and equipment (50%) and forest products (50%).

Verso Ownership

Who owns Verso?

Verso is owned by Billerud AB. It was acquired on December 20, 2021.

Verso Business Overview

Where is Verso headquartered?

Verso is headquartered in Miamisburg, Ohio.

What is Verso’s revenue?

Verso disclosed revenue of 1,264M USD for 2021 and 1,359M USD for 2020.

What sector is Verso in?

Verso is a forest products company.

When was Verso founded?

Verso was founded in 2006.

M&A Summary

  • M&A Total Activity6
    • M&A Buy Activity2
    • M&A Sell Activity4
  • Total Sectors Invested 2
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 4
  • M&A Advisors 3

Verso

Verso Corp.

8540 Gander Creek Drive,
Miamisburg, Ohio 45342
United States,
www.versoco.com

Verso is a producer of graphic, specialty, and packaging paper and market pulp, with a long-standing reputation for quality and reliability. Verso has two paper mills in Michigan, a roll to sheet converting facility in Wisconsin (paper production idled), and two distribution centers in Sauk Village, Illinois, and Bedford, Pennsylvania. The production facilities are strategically located within close proximity to major customers, and the annual production capacity totals around 1.1 million tonnes of paper. Verso was founded in 2006 and is based in Miamisburg, Ohio.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 2 - - - - - 2
vol $1.5B $1.5B
Sell (0.0/yr) # 4 - - - - - 4
vol $474M $474M
  6

Most Recent M&A

Company Date Value Type
Verso Corp. - Androscoggin & Stevens Point Mills 2019-11-12 400M USD Divestiture
Miamisburg, Ohio
Verso Androscoggin Power LLC 2016-01-07 62M USD Divestiture
Jay, Maine
Verso Bucksport LLC 2015-01-29 - Divestiture
Bucksport, Maine
Verso Bucksport Power LLC 2015-01-29 - Divestiture
, United States
NewPage Corp. 2015-01-07 1.4B USD Add-on Acquisition
Miamisburg, Ohio · www.newpagecorp.com
Verso Paper - Two Paper Mills 2014-10-30 74M USD Divestiture
, United States
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Forest Products 1 (50%) 1.4B (96%) 3 (75%) 474M (100%)
Energy Services and Equipment 1 (50%) 62M (4%) - -
Utilities - - 1 (25%) -
Total 2 $1.5B 4 $474M

By Geo

State/Country Buy Value Sell Value
United States 2 1.5B 4 474M
  Ohio 1 1.4B 1 400M
  Maine 1 62M 1 -
Total 2 $1.5B 4 $474M

Top M&A Advisors

Financial Deals
Evercore Group
 2
Houlihan Lokey
 1
Legal Deals
Akin Gump Strauss Hauer & Feld LLP
 1

Deal Values

buy # Total
> $1B 1 $1.4B
< $100M 1 $62M
TOTAL $1.5B
Largest NewPage Corp.
$1.4B (2015-01-07)
sell # Total
$100M to $1B 1 $400M
< $100M 1 $74M
TOTAL $474M
Largest Verso Corp. - Androscoggin & Stevens Point Mills
$400M (2019-11-12)

M&A Connections

Deals
Acquired from
Strategic(s)
50%
1 (50%)
Divested to
Strategic(s)
100%
4 (100%)

Company Summary

SECTOR

Forest Products

Revenue

1,264   7% 2021
1,359   45% 2020
2,444   9% 2019
2,682   9% 2018
2,461   2017
3,122   141% 2015
1,297   7% 2014
1,389   2013
(millions of USD) Show More Show Less

Established

2006

Former Name

Verso Paper Corp.

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