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Private equity firm Gamut to acquire Davis-Standard
Source:Adsale Plastics Network    Editor:JK    Date:10.Nov.2021

Gamut Capital Management, L.P., a leading New York-based middle market private equity firm, has signed a definitive agreement to acquire Davis-Standard, LLC and its affiliates from ONCAP, the middle-market private equity platform of Onex.

 

Davis-Standard is a leading supplier of extrusion and converting systems and related aftermarket products and services for the rigid packaging, flexible packaging and infrastructure end-markets with an installed base of approximately US$7.5 billion of equipment globally.


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“We are excited to partner with the Gamut team during this next phase of Davis-Standard’s long history as a provider of highly engineered solutions to an extensive base of industry-leading customers. The resources Gamut brings to this investment will enable us to not only accelerate growth within our markets but also transform Davis-Standard into a leading, value-added global process solutions business,” stated Jim Murphy, CEO of Davis-Standard.

 

Jordan Zaken, Founding Partner of Gamut, said, “We are very excited to continue to grow the company alongside the Davis-Standard management team. As a leading player in extrusion and converting technologies for the packaging and infrastructure sectors, Davis-Standard offers not only the opportunity to expand with customers in fast-growing end markets, but also to further extend its service offering to support its customers in the aftermarket.”

 

Financial terms of the transaction were not disclosed. The transaction, which is subject to customary closing conditions, is expected to close in the fourth quarter of this year.

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