Piper Sandler advises Nautic on sale of Spartech to Jordan
May 10, 2021 — Piper Sandler & Co. chemicals & materials investment banking group (The Valence Group) announced today that it has advised Nautic Partners on the sale of its portfolio company Spartech LLC to The Jordan Company, L.P., with Nautic remaining a minority shareholder.
Piper Sandler served as lead financial advisor to Spartech and Nautic.
Headquartered in Maryland Heights, Missouri, Spartech is a leading custom manufacturer of specialized acrylics and other engineered extruded plastics used in a variety of applications and end markets including healthcare, aerospace & defense, industrial, automotive, consumer goods and packaging. Through its network of 14 manufacturing plants, Spartech provides acrylic products, plastic sheet and rollstock, specialty film laminates and packaging solutions to over 1,000 customers in North America. 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, blown film, stretching and thermoforming.
Nautic is a private equity firm that focuses on three industries: healthcare, industrials and services. Nautic has completed over 140 platform transactions throughout its 35-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.
About Piper Sandler
Piper Sandler Companies (NYSE: PIPR) is a leading investment bank and institutional securities firm driven to help clients Realize the Power of Partnership®. The Valence Group was acquired by Piper Sandler and is a brand name used by the chemicals & materials group of the Piper Sandler investment banking division. Securities brokerage and investment banking services are offered in the U.S. through Piper Sandler & Co., member SIPC and NYSE; in Europe through Piper Sandler Ltd., authorized and regulated by the U.K. Financial Conduct Authority; and in Hong Kong through Piper Sandler Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Private Equity products and fixed income advisory services are offered through separate investment advisory affiliates.
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