IG Assists in Sale of Packaging and Shipping Products Supplier

Buyer will add to its investment portfolio of companies in the Great Lakes region

September 2021 - The Independence Group (IG) has assisted in the sale of its client, a Packaging and Shipping Products Supplier, to a private equity firm. 

 The Company is located in the Northeast region of the U.S. where it specializes in the design and fabrication of packaging and shipping materials for commercial use, including corrugated boxes, foam cushioning and shipping supplies. Its customers are primarily industrial companies in the food, automotive, pharmaceutical, chemical and other sectors. The family-owned Company was searching for a partner that will help build upon its 26-year, two-generation legacy and accelerate its strategic growth initiatives.   

The Buyer has expertise in partnering with owners who want to uphold vital family traditions while moving through the intricate sale process. The firm will keep the Company’s core management team in place to reinforce its strength in sales, engineering, manufacturing and administration. The acquisition will complement the firm’s strong portfolio of companies in the manufacturing space and its preference for the Great Lakes/Northeast area.   

 Barclay Bright, IG's Consultant covering the Eastern region, identified the transaction’s biggest challenge straightaway. “The COVID-19 pandemic brought on unexpected and distressing events to the owners’ family, thus it was a huge factor in the deal environment,” says Bright. “However the Buyer was considerate, flexible and very determined to see it through. Now our client is excited to embark upon their Company’s next chapter.” 

With offices in California, on the East Coast, in the Upper Midwest and in Texas, IG represents clients from across the U.S. The firm works in tandem with its buy-side services division, Acquisition Partners (AP), to provide a full range of M&A services. For more information about AP visit www.acq.partners.