Monomoy acquires Oliver Packaging
Deal News | Nov 04, 2024 | Monomoy Capital
Monomoy Capital Partners, a prominent private investment firm specializing in private equity and credit investing in the middle market, announced the acquisition of Oliver Packaging and Equipment. This acquisition aligns with Monomoy's extensive experience in executing corporate carve-outs, especially in the industrial and packaging sectors. Oliver, a well-established manufacturer of food packaging systems and bakery equipment based in Walker, Michigan, will continue operations under its present management. With a history dating back to 1890, Oliver is known for its compostable and recyclable meal trays and films distributed across North America. The acquisition provides Monomoy with a strategic expansion opportunity, aiming for growth through organic initiatives and potential strategic add-ons. Legal and financial advisory for the deal involved firms such as Kirkland and Ellis LLP, Mesirow Investment Banking, Dechert LLP, and TD Cowen.
Sectors
- Private Equity
- Packaging Industry
- Food Equipment Manufacturing
Geography
- United States – Both Monomoy Capital Partners and Oliver Packaging and Equipment are based in the United States, with operations and customer base primarily concentrated across North America.
- North America – Oliver's customer base and market expansion efforts are focused on North America, making it a relevant geographical region for the company.
Industry
- Private Equity – The article focuses on Monomoy Capital Partners, a private equity firm, which makes strategic acquisitions to grow its portfolio.
- Packaging Industry – Oliver Packaging and Equipment, a target of Monomoy's acquisition, is a key player in the packaging industry, providing compostable and recyclable meal trays and films.
- Food Equipment Manufacturing – Oliver is a manufacturer of food packaging systems and bakery equipment, which defines its role within the food equipment manufacturing sector.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Monomoy Capital Partners | Acquiror | Company | A private investment firm focused on private equity and credit investing in middle-market companies. |
| Oliver Packaging and Equipment | Target company | Company | A leading manufacturer of food packaging systems and bakery equipment based in Walker, Michigan. |
| Kirkland and Ellis LLP | Legal advisor to Monomoy | Company | Provided legal services for Monomoy Capital during the acquisition. |
| Mesirow Investment Banking | Financial advisor to Monomoy | Company | Served as exclusive financial advisor to Monomoy for the acquisition. |
| Dechert LLP | Legal advisor to Oliver | Company | Provided legal counsel for Oliver Packaging during the acquisition. |
| TD Cowen | Financial advisor to Oliver | Company | Served as exclusive financial advisor to Oliver for the transaction. |