Sale to Nautic Partners, LLC

Industrial
Sale to Nautic Partners, LLC

Summary

Baird served as the exclusive financial advisor to Spartech, LLC on this transaction

About

Spartech, LLC (“Spartech” or the “Company”), a portfolio company of Arsenal Capital Partners (“Arsenal”), was recently acquired by Nautic Partners, LLC (“Nautic”). Terms of the transaction were not disclosed.

Spartech is a leading custom manufacturer of specialized acrylics and other engineered extruded plastics used in a variety of applications and end markets including aerospace & defense, healthcare, industrial, automotive, consumer goods and packaging. Through its network of 14 plants, Spartech provides acrylic products, plastic sheet and rollstock, specialty film laminates and thermoformed packaging solutions to over 1,000 customers in North America, many of whom have partnered with Spartech for decades. Spartech has a long history of providing customers with innovative material science formulations and engineered solutions. The Company’s breadth of highly technical manufacturing capabilities is unique in the industry, utilizing multiple plastic resin types and manufacturing processes including acrylic cell casting, multilayer extrusion, stretching and thermoforming. Spartech is headquartered in Maryland Heights, Missouri.

Arsenal is a leading private equity firm that specializes in investments in middle-market specialty industrials and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds of $5.3 billion, completed 45 platform investments and achieved 31 realizations. Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience. Arsenal works with management teams to build strategically important companies with leading market positions, high growth and high value-add. Arsenal is headquartered in New York, New York.

Nautic is a middle-market private equity firm that focuses on three industries: healthcare, industrial products and outsourced services. Nautic has completed over 135 platform transactions throughout its 30-plus year history. Nautic's strategy is to partner with management teams to accelerate the growth trajectory of its portfolio companies via add-on acquisitions, targeted operating initiatives and increased management team depth. Nautic generally makes equity investments of $25 million or more. Nautic is headquartered in Providence, Rhode Island.
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Industrial
Sale to Nautic Partners, LLC
Date
October 2019
Company
Spartech, LLC
Transaction
M&A
Sectors
Industrial
Target Location
North America
Acquiror Location
North America

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