Transaction Overview
- Represented Spartech LLC, a portfolio company of Nautic Partners, in its sale to The Jordan Company.
- Spartech is a leading formulator, designer and producer of highly technical advanced polymeric sheet products.
- The Company operates a network of 14 well invested, technical manufacturing facilities across the United States.
Key Observations
- Under Nautic’s ownership, Spartech had achieved very strong performance as a result of its acquisition synergies, raw material pricing initiatives, new business wins, and operational optimization.
- Properly positioning the sustainability of successful recent performance was critical to driving value.
Drivers of Interest
- Spartech significantly expanded profitability under Nautic’s ownership, but opportunity remained.
- Clear growth vision across a variety of high-value end markets.
- Operational flexibility allowed Spartech to be resin agnostic, thereby enhancing the total market opportunity.