PACKAGING CONCEPTS & DESIGN, INC. HAS RECEIVED A CONTROLLING INVESTMENT FROM O2 INVESTMENT PARTNERS, LLC AND MIDWEST MEZZANINE FUNDS
Birmingham, Michigan – July 9, 2014 – Angle Advisors is pleased to announce that O2 Investment Partners, LLC (“O2”) and Midwest Mezzanine Funds have made a controlling investment in Packaging Concepts & Design, Inc. (“PC&D” or the “Company”). Angle Advisors acted as the exclusive investment banking advisor to PC&D in completing this transaction.
Based in Troy, Michigan, PC&D provides packaging program management from design to sourcing to daily, weekly or periodic replenishment deliveries. From black-box design of packaging, sourcing, integrated packaging management, assembly, and logistics management, PC&D is the supplier of choice for the most complex packaging requirements. Customers depend upon the Company to design, test, coordinate and synchronize the preparation and delivery of packaging platforms for complex component programs. The Company offers a diverse array of engineered packaging solutions including returnable as well as disposable packaging products. PC&D serves vehicular OEMs and Tier I suppliers, along with blue-chip customers in the consumer, food, beverage, and retail markets.
“O2’s investment in PC&D completes a long-standing effort to involve ourselves in the rapidly growing logistics and custom packaging arena,” said Jay Hansen, President and Managing Partner of O2 Investment Partners. “We have known Dick Kaspers and his team for over 10 years, and look forward to helping expand their business growth in North America, and increase platform capabilities in Mexico, Europe, South America and Russia.”
Richard Kaspers, CEO of PC&D, added, “We are very pleased to have completed this transaction with O2 Investment Partners, having worked with several of the principals in past deals. PC&D’s custom packaging and bagging solutions were in their infancy when Jay and I last worked together. Since then we have grown the business in many ways, built a great management team, and enjoyed terrific sales leadership at the hands of our partner Steve Ford. Mr. Kaspers continued, “We’d like to thank the team at Angle Advisors for managing this transaction on our behalf and securing their experience and patient guidance. We could not have gotten to such a positive and collaborative outcome without them.”
O2 Investment Partners, LLC is a Midwestern based private equity firm that seeks to acquire a majority interest in small and middle market manufacturing, niche distribution, select service and technology businesses. The firm will also consider opportunistic acquisitions in other industries. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value. O2 Investment Partners invests equity on behalf of its principals as well as a core network of other limited partners and strategic investors. The firm invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. For more information, visit www.o2investment.com.
Midwest Mezzanine Funds, founded in 1992, is a private investment firm specializing in providing junior capital to privately-owned, middle market companies located in the United States. As a provider of junior capital, Midwest Mezzanine primarily invests in manufacturers, value added distributors, consumer products, and business services. The firm typically invests between $3 million and $15 million per investment and can lead or participate in investments greater than $15 million by co-investing with its limited partners or other mezzanine providers. For additional information, visit www.mmfcapital.com.
Angle Advisors, with offices in the United States, Germany, the United Kingdom, and China, specializes in mergers and acquisitions with a particular emphasis on the vehicular and industrial sectors. The firm's 34 professionals have completed 109 M&A transactions since the beginning of 2009 for multinational corporations, privately-held companies, private equity funds, and public sector clients. For additional information, please visit www.angleadvisors.com.