Sale to Wellspring Capital Management

Industrial
Sale to Wellspring Capital Management

Summary

Baird served as the exclusive financial advisor to Hoffmaster Group, Inc. on this transaction

About

Hoffmaster Group, Inc. (the “Company” or “Hoffmaster”), a portfolio company of Metalmark Capital (“Metalmark”), recently completed its acquisition by Wellspring Capital Management LLC (“Wellspring”). Terms of the agreement were not disclosed.

Founded in 1947, Hoffmaster is a leading manufacturer and supplier of disposable tableware including paper plates, cups, napkins, decor and more. With innovation as the cornerstone of its success, Hoffmaster continues to be a trendsetter, setting the standard for color, fashion and design excellence in both its Food Service and Consumer divisions. Hoffmaster is headquartered in Oshkosh, Wisconsin.

Metalmark is a leading private equity firm that seeks to build long-term value through active and collaborative partnerships with business owners, founders and executives. Metalmark focuses its investment activity in agribusiness, natural resources, growth industrials and healthcare. Metalmark is based in New York, New York and manages funds with $3.7 billion in aggregate capital commitments.

Wellspring, founded in 1995, is a leading middle-market private equity firm that manages more than $3 billion of private equity capital. Wellspring’s objective is to bring partnership, experience and value creation to each investment. By teaming up with strong management, Wellspring is able to unlock underlying value and pursue new growth opportunities through strategic initiatives, operating improvements and add-on acquisitions. Wellspring functions as a strategic rather than tactical partner, providing management teams with top-line support, M&A experience and financial expertise, and access to resources. Wellspring is headquartered in New York, New York.

For additional information about this transaction, please contact:

Justin Albert +1 (303) 270-6381
Trish Renner +1 (303) 270-6347
Chris McMahon +1 (312) 609-4983
Jeff Seaman +1 (312) 609-4687
Tom Coburn +1 (312) 609-2545
Alex Ballantine +44 (207) 667-8242
Industrial
Sale to Wellspring Capital Management
Date
November 2016
Company
Hoffmaster Group, Inc.
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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