Packaging Concepts + Design, a provider of packaging for Tier 1 auto suppliers, has been acquired by O2 Investment Partners in partnership with the company’s management team. The acquisition of Packaging Concepts marks O2’s fourth completed transaction in the past sixth months.
“We wanted to find a partner that shared our strategic vision for our business and O2 was that partner. We now have the resources to take advantage of the significant growth we see in our existing markets as well as capture market share in other niche segments that we do not currently serve,” said Richard Kaspers, President & CEO of Packaging Concepts.
Packaging Concepts + Design (PC&D) provides design, engineering, sourcing, integration, program management, assembly and logistics of engineered packaging products used by Tier 1 automotive suppliers and OEMs. The company also serves the consumer, retail and food/beverage markets. PC&D was founded in 1914 and is headquartered in the Detroit suburb of Troy, MI (www.pcdpackaging.com).
“We are excited about our investment in PC&D and we’re looking forward to partnering with management to achieve our collective vision for the business. Dick Kaspers and his team have done a great job positioning the business for the upcoming growth and with our resources and expertise in growing businesses, we’re very excited about the future,” said Jay Hansen, Managing Partner of O2 Investment Partners.
O2 Investment Partners makes control investments in companies with EBITDAs from $2 million to $8 million located anywhere in the US and Canada but has a preference for the Midwest and the Great Lakes regions. The firm’s typical transaction size is $5 million to $50 million. Industries of interest include manufacturing, niche distribution, select service and technology businesses. O2 Investment Partners is based in the Detroit suburb of Bloomfield Hills (www.o2investment.com).
Midwest Mezzanine (www.mmfcapital.com) provided subordinated financing and equity and Comerica Bank provided senior financing.
2014 PEPD • Private Equity’s Leading News Magazine • 7-11-14