M&A Deal Summary

Windjammer Capital Acquires Rowmark

On June 28, 2018, mezzanine finance firm Windjammer Capital acquired plastics company Rowmark from Bertram Capital

Acquisition Highlights
  • This is Windjammer Capital’s 2nd transaction in the Plastics sector.
  • This is Windjammer Capital’s 41st transaction in the United States.
  • This is Windjammer Capital’s 3rd transaction in Ohio.

M&A Deal Summary
Date 2018-06-28
Target Rowmark
Sector Plastics
Buyer(s) Windjammer Capital
Sellers(s) Bertram Capital
Deal Type Secondary Buyout

Target

Rowmark

Findlay, Ohio, United States
Rowmark is a manufacturer of extruded plastic sheets for engraving applications. The Company supplies of engravable plastic sheets for signage, engraving and awards markets and is the most recognized brand in the industry. Rowmark was formed in 1987 and is based in Findlay, Ohio.

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Buyer(S) 1

Buyer

Windjammer Capital

Newport Beach, California, United States

Investor Investor Investor Investor Investor

Category Mezzanine Finance Firm
Founded 1990
PE ASSETS 2.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Windjammer Capital Investors is a private investment firm that invests control equity, minority equity, and/or subordinated debt in growing middle-market businesses. The Firm seeks to invest between $50 and $200 million of equity or subordinated debt in companies that generate at least $8 million of EBITDA. Windjammer focuses on North American-based opportunities and prefers companies with scalable business models, differentiated products/services, and that operate in defensible markets. Broad sectors of interest include manufacturing, business services and value-added distribution. Windjammer does not invest in high technology, real estate, and financial services companies. Windjammer Capital Investors was formed in 1990 and has offices in Waltham, Massachusetts and Newport Beach, California.

DEAL STATS #
Overall 41 of 48
Sector (Plastics) 2 of 2
Type (Secondary Buyout) 12 of 18
State (Ohio) 3 of 5
Country (United States) 41 of 48
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-21 JWC Environmental

Costa Mesa, California, United States

JWC Environmental LLC is a manufacturer of 200 highly engineered variations of grinding and solids separation equipment used primarily in wastewater treatment applications. JWC Environmental was founded in 1979 and is based in Costa Mesa, California.

Sell $215M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-01 Hermetic Solutions Group

Trevose, Pennsylvania, United States

Hermetic Solutions Group is a provider of advanced hermetic packaging and components designed to ensure critical electronic systems function reliably in demanding environments where it is essential to control for factors such as weight, space, vibration, temperature, moisture and off-gassing. Hermetic Solutions Group was founded in 2016 and is based in Pennsylvania, United States.

Buy -

Seller(S) 1

SELLER

Bertram Capital

Foster City, California, United States

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2006
PE ASSETS 1.4B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Bertram Capital is a private equity firm that targets buyout and growth equity investments in lower middle-market companies. Bertram looks for companies with revenues of $25 to $250 million and EBITDA of $5 to $35 million. Sectors of interest include healthcare services and infrastructure, industrial manufacturing, business and financial services, technology, and internet. Bertram will consider both control and non-control investments. Prospective transaction structures include management buyouts, shareholder liquidity events, acquisitions financing's, growth financing's, and PIPE. Bertram Capital was formed in 2006 and is based in Foster City, California.

DEAL STATS #
Overall 9 of 24
Sector (Plastics) 1 of 1
Type (Secondary Buyout) 2 of 11
State (Ohio) 1 of 3
Country (United States) 8 of 22
Year (2018) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-06-05 Registrar

Hampton, Virginia, United States

Registrar Corp. is a SaaS-assisted provider of U.S. FDA compliance services to domestic and foreign food, medical devices, drugs, and cosmetic facilities. Registrar Corp has expanded to eighteen international offices and has aided more than 30,000 companies across 160 countries. Registrar was founded in 2003 and is based in Hampton, Virginia.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-03 Maxcess

Oklahoma City, Oklahoma, United States

Maxcess is a provider of highly engineered, mission critical components used in web process manufacturing applications. Maxcess's line of web accessory products and includes web-guiding systems, winding products, slitting products and systems tension controls, and inspection products. The Maxcess umbrella covers the strongest brand names in the industry. Fife pioneered automated web guiding, Tidland invented the very first expanding air shaft and MAGPOWR has the largest installed base of tension products in the industry.

Sell -
Mergr

Product

Company

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