Odyssey Investment Partners has acquired Fischbein, a supplier of packaging machinery and material handling equipment, from a group of investors led by MSouth Equity Partners. The Fischbein senior management team has invested in the transaction alongside Odyssey and will continue to lead the company. The investment in Fischbein marks Odyssey’s 10th portfolio investment in Odyssey Investment Partners Fund IV.
“Fischbein is a market leader within each of its niche product applications and serves a variety of attractive end markets. We believe Fischbein is an excellent platform for expansion through organic growth and strategic add-on acquisitions, and we are excited to partner with Fischbein’s outstanding management team to continue Fischbein’s strong track record of growth,” said Dennis Moore, Principal of Odyssey.
Fischbein supplies packaging equipment and material handling products to customers across multiple end markets. Fischbein’s Packaging Equipment division provides components, systems and aftermarket replacement parts that fill, close, weigh and handle open mouth bags. Products are used in the agriculture, food, pet food, minerals and chemicals end markets. The Material Handling Group is a manufacturer of flexible and rigid conveyors used to load and unload non-palletized items on and off trucks in retail stores and distribution centers. Products are used in the retail, distribution center, parcel/post and e-commerce sectors. The company has 11 manufacturing and sales/distribution facilities throughout the US, Europe and Singapore and is headquartered in Suwanee, GA (ww.fischbein.com).
“The Odyssey team’s deep understanding of our industry and end markets will be a valuable resource as we build on our considerable experience in the packaging and material handling equipment sectors. Together with our new strategic partner, we plan to expand our capabilities to better serve existing and future customers, and to strategically enhance our growth prospects in North America and around the world,” said Jeff Reed, CEO of Fischbein.
Fischbein was represented by Sagent Advisors, an investment bank with offices in New York, Charlotte, Chicago, San Francisco, and McLean, VA (www.sagentadvisors.com).
Odyssey Investment Partners is a middle-market private equity firm with more than $3 billion under management. Odyssey makes control investments primarily in established middle-market companies in a variety of industries, including industrial manufacturing; business, financial and healthcare services; aerospace products; and localized and route-based service businesses. The firm has offices in New York and Woodland Hills, CA (www.odysseyinvestment.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 5-13-13