MPE Partners Invests in SKB Cases

Clarus Corporation Acquires S.K.B. Corporation (SKB Cases)

March 12, 2020

Manufacturing

Clarus Corporation has entered into a definitive agreement to acquire privately held S.K.B. Corporation (SKB) for $85 million in cash plus 1,153,846 shares of Clarus common stock. SKB, headquartered in Orange, California, will operate as a wholly owned subsidiary and generated $53 million in sales and more than $9.5 million of adjusted EBITDA in 2019; the acquisition expands Clarus' product portfolio and access to music and industrial channels.

MPE Partners Invests in 80/20 Inc.

March 3, 2021

Manufacturing

MPE Partners (Morgenthaler Private Equity) announced an investment in 80/20 Inc., a Columbia City, Indiana-based manufacturer of aluminum T-slotted building systems, to support accelerated growth and product/capability expansion. Financing was provided by Antares, Churchill Asset Management, and Manulife Investment Management; terms were not disclosed.

MPE Partners Recapitalizes Teel Plastics

February 5, 2020

Manufacturing

MPE Partners (Morgenthaler Private Equity) completed a recapitalization of Teel Plastics, partnering with owner Jay Smith and the senior management team to support the company's next phase of growth. Teel Plastics, headquartered in Baraboo, Wisconsin, is a technology-driven manufacturer specializing in plastic extrusion and injection molding for agriscience, medical, consumer cosmetics and industrial markets.

SK Capital Partners Acquires IPACKCHEM Group SAS

April 6, 2021

Manufacturing

SK Capital Partners, a New York-based private investment firm focused on specialty materials and chemicals, has completed the acquisition of IPACKCHEM Group SAS, a Paris-headquartered manufacturer of sustainability-oriented barrier plastic packaging for the crop protection and specialty chemicals markets. SK Capital said it will partner with IPACKCHEM's management to accelerate organic and acquisitive growth and expand the company's global market position.

MPE Partners Invests in Mid-States Bolt & Screw Co.

October 19, 2023

Industrial Services

MPE Partners (Morgenthaler Private Equity) announced an investment in Mid-States Bolt & Screw Co., a value-added distributor of fasteners and MRO products. The transaction partners MPE with the Somers family to support Mid-States' next phase of growth, including improved product availability and organic and inorganic geographic expansion.

Platinum Equity Acquires Pelican Products

December 31, 2021

Manufacturing

Platinum Equity has completed its acquisition of Pelican Products, a Torrance, California-based manufacturer of high-performance protective cases, portable lighting systems and temperature-controlled packaging (Peli BioThermal). The deal, purchased from Behrman Capital, positions Pelican as a platform for growth under Platinum Equity with management, led by CEO Phil Gyori, remaining in place; financial terms were not disclosed.