Five Star Holding Acquires Anduro Manufacturing

Berlin Packaging Acquires Andler Packaging Group

June 10, 2022

Industrial Services

Berlin Packaging acquired Andler Packaging Group, a value-added distributor of glass, plastic and metal containers and closures, expanding its pharmaceutical and nutraceutical capabilities and adding multiple distribution centers across New England. The family-owned Andler business — founded in Cambridge, Massachusetts in 1893 — will retain all employees and locations as part of Berlin Packaging's North American expansion.

Marel Acquires Wenger Manufacturing

April 27, 2022

Manufacturing

Marel has acquired Wenger Manufacturing LLC for USD 540 million, creating a new business segment focused on pet food, plant-based proteins, and aqua feed. The acquisition (closed June 9, 2022) adds Wenger's extrusion and dryer technology, ~500+ employees and expected 2022 revenues of about USD 190 million to Marel's portfolio, and is expected to be margin- and earnings-enhancing on a pro-forma basis.

The Jordan Company Invests in Five Star Holding

March 30, 2022

Packaging

The Jordan Company has agreed to invest in Five Star Holding, a Houston-based integrated flexible packaging manufacturer, taking a minority position alongside the company’s current owners. The growth capital partnership will support Five Star’s expansion and sustainability initiatives, including its PCR recycling and bio-film development capabilities.

EagleTree Capital Acquires Andronaco Industries

January 4, 2022

Manufacturing

EagleTree Capital, on behalf of its fund EagleTree Partners V, has acquired Andronaco Industries, a vertically integrated designer, manufacturer, and distributor of corrosion-resistant polymer and composite flow control products. Andronaco's management will remain in place; EagleTree plans to support organic and inorganic growth, accelerate product development, and expand the company's geographic and end-market reach. Terms were not disclosed.

Freeman Spogli & Company Acquires Majority Interest in Five Star Food Service

March 28, 2019

Food & Beverage

Freeman Spogli & Company acquired a majority interest in Five Star Food Service, Inc., partnering with Five Star management and other investors. The private equity investment will support Five Star’s growth strategy across the Southeast — including organic expansion and add-on acquisitions — while financing was provided by Ares Capital Corporation and Varagon Capital Partners.

Auxo Investment Partners Acquires Majority Stake in Andrie LLC

February 21, 2019

Transportation

Auxo Investment Partners has acquired a majority stake in Muskegon-based Andrie LLC, a Jones Act bulk transporter operating tugs and barges across the Great Lakes. The investment makes Andrie part of Auxo's newly created Auxo Marine platform alongside M/G Transport Services; financial terms were not disclosed and the Andrie family retains a significant minority stake while Stan Andrie Jr. remains CEO.