About Quinpario Acquisition Corp.
Quinpario Acquisition Corp. (NASDAQ: QPAC) is a blank-check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Sponsored by Quinpario Partners LLC., a privately owned investment and operating company founded by Mr. Jeffry N. Quinn, this special purpose acquisition company offers proven executive leadership focused on bringing long-term value to investors. The Partnership has made a significant investment in the $150 million Special Purpose Acquisition Company (SPAC), clearly aligning their incentives with those of shareholders.
In addition to the upfront investment, QPAC offers key benefits for investors, including a significantly less dilutive warrants and promote structure compared to traditional SPACs, minimum anticipated return for investors that is higher than similar U.S. treasury yields, and the flexibility to acquire the most attractive target.
QPAC will leverage the expertise of its management team to initially target opportunities in the specialty chemicals and performance materials sectors, where the partnership has significant global success. Specifically, QPAC will use the following criteria in evaluating acquisition opportunities:
Targets
- $300 million to $1 billion enterprise value
- Standalone businesses and/or carve-outs of large chemical companies
- $50 million to $200 million EBITDA
Traits
- Differentiated products, technology and processes
- Leading, sustainable market share position
- Potential for global expansion
- Opportunities to increase productivity