Akoya Capital Partners Acquires Star Plastics
February 2, 2022
Akoya Capital Partners acquired Star Plastics, a Ravenswood, West Virginia-based custom plastics compounder, as the anchor investment for a new compounds buy-and-build platform. The transaction was supported with mezzanine subordinated debt and common equity from NewSpring Mezzanine and involved Trinity Investors as a partnering investor; Star Plastics (≈140 employees) will pursue organic growth and M&A to expand its capabilities and geographic reach.
- Buyers
- Akoya Capital Partners, NewSpring Mezzanine (NewSpring), Trinity Investors
- Targets
- Star Plastics
- Industry
- Manufacturing
- Location
- West Virginia, United States
- Transaction Type
- Buyout
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