MEI Labels, a portfolio company of Svoboda Capital Partners, has acquired the assets of TVC Label, Inc. and TVC One, Inc. (TVC). The management of TVC will continue to operate and own a significant portion of the business.
TVC is a manufacturer and provider of print, label and packaging products for customers in the health & beauty, consumer goods and pet care markets. The company was founded in 1993 and is headquartered in Lewisville, TX (www.tvcone.com).
MEI, acquired by Svoboda Capital in December 2012, is a provider of pressure sensitive label products, inserts, tags, banners, and other products, including silk screening and embroidery. The company was founded in 1996 and is based in Catoosa, OK (www.meilabels.com).
“MEI is very excited about the prospect of partnering with TVC. TVC’s management team and their employees have built an impressive enterprise focused on client service and top quality products, aligning well with MEI’s philosophy,” said Lynn Higgs, MEI Labels’ CEO. “This strategic transaction will undoubtedly accelerate the company’s expansion into new products and new end markets.”
Svoboda Capital Partners has over $300 million of capital under management and invests from $10 million to $25 million in value-added distribution and business services companies that have revenues from $10 million to $100 million and EBITDAs from $3 million to $15 million. The firm was founded in 1998 and is based in Chicago (www.svoco.com).
“The combination of MEI and TVC is very compelling given their complementary attributes,” said Jeff Piper, Principal at Svoboda Capital Partners. “We look forward to continue working with the company to execute on its organic and acquisitive growth objectives.”
The Commercial Banking Group of Wintrust Financial Corporation provided senior debt to complete the transaction. The Investment Banking division of Mesirow Financial acted as the exclusive financial advisor to TVC.
© 2013 PEPD • Private Equity’s Leading News Magazine • 7-31-13
