Deal Details

Arsenal and BayPine Acquire POLYWOOD

Industrial

Arsenal and BayPine acquisition of POLYWOOD, a portfolio company of Mayfair

Summary

An investor group led by Arsenal Capital Partners (“Arsenal”), in partnership with BayPine LP (“BayPine”), recently completed the acquisition of Poly-Wood, LLC (“POLYWOOD" or the “Company”), a portfolio company of Mayfair Capital Partners (“Mayfair”), a private investment division of Oxford Financial Group, Ltd. (“Oxford”). Terms of the transaction were not disclosed.

Baird served as exclusive financial advisor to Arsenal and BayPine on this transaction.

About

Arsenal is a leading private equity firm that specializes in investments in industrial growth and healthcare companies. Since its inception in 2000, Arsenal has raised institutional equity investment funds totaling over $10 billion, completed more than 290 platform and add-on acquisitions and achieved more than 35 realizations. The firm 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.

BayPine is a private investment firm that seeks to create lasting value for the firm's investors, portfolio companies and communities in which they operate by driving innovation, digital transformation and sustainable growth in market-leading businesses across core sectors of the economy. BayPine is headquartered in Boston, Massachusetts.

POLYWOOD is the category creator and a leader of the high-density polyethylene (“HDPE”) outdoor living products market, which is in the early stages of a secular growth trend driven by the material’s superior durability, minimal maintenance and infinite recyclability. POLYWOOD’s relentless focus on product design, innovation and best-in-class production practices has been a long-standing brand promise and is deeply rooted in the Company’s DNA. POLYWOOD is made of recycled and reusable plastics in a circular, 99% waste-free process that was invented by founder and CEO, Doug Rassi in 1990. Since the Company’s founding, POLYWOOD has deployed an effective omnichannel go-to-market strategy that leverages a differentiated, build-to-order production model, minimizing inventory risk for all partners, while quickly delivering over 25,000 unique product options to the consumer. POLYWOOD is headquartered in Syracuse, Indiana.

Mayfair Capital Partners is an extension of the Mayfair direct investment program, which has been an in-house division of Oxford since 2003, historically managing a portfolio of direct investments exclusively for the benefit of Oxford's high net worth families and institutional clients. Mayfair typically makes equity investments between $75-150 million per deal and can pursue both control and non-control opportunities. Mayfair is headquartered in Minneapolis, Minnesota.

Industrial

Arsenal and BayPine acquisition of POLYWOOD, a portfolio company of Mayfair