Fortis Solutions, a portfolio company of Main Post Partners, has acquired Infinite Packaging Group from Svoboda Capital.
Infinite Packaging was formed in April 2015 when Svoboda Capital rebranded the operations of M.E.I. Labels (acquired as a platform in December 2012) and TVC Label (acquired by M.E.I. in June 2013). Today, Infinite Packaging is a provider of packaging products, including pressure-sensitive labels, shrink sleeves, and pouches to companies operating in the consumer products, retail, food and beverage, nutraceuticals and health and beauty sectors.
Infinite Packaging, led by CEO Lynn Higgs, is headquartered north of Dallas in Lewisville, TX with an additional facility near Tulsa in Catoosa, OK (www.infinitepkg.com).
Fortis Solutions, acquired by Main Post in December 2017, provides labeling and packaging – including pressure sensitive and shrink sleeve labels, booklet printing, variable data printing, multi-ply coupon printing and flexible packaging printing – to companies active in the consumer packaged goods sector. Fortis has manufacturing and sales offices in Austin, TX; Ellington, CT; Flowery Branch, GA; Fort Worth, TX; High Point, NC; Kansas City, MO; Memphis, TN; West Chester, OH; and Wixom, MI. The company, led by CEO John Wynne, Jr., is headquartered in Virginia Beach, VA (www.fortissolutionsgroup.com).
“I have long admired the Infinite organization and its go-to-market strategies and we are excited to partner with Lynn Higgs to continue building upon their success,” said Mr. Wynne. “This acquisition is a wonderful opportunity to grow our presence in the Texas market and establish a presence in Oklahoma. In addition, we will be bolstering our strength across product offerings and key vertical markets.”
With the buy of Infinite Packaging, Fortis Solutions now has more than 550 employees. The company continues to seek add-on acquisitions that expand its product lines and geographic reach.
Main Post makes both control and non-control investments in middle market growth companies in the consumer, business services and industrial growth sectors. The firm was founded in April 2014 by managing partners Sean Honey and Jeffrey Mills, both former partners at Weston Presidio. Main Post is headquartered in San Francisco (www.mainpostpartners.com).
In November 2018, Main Post held a final closing of its second fund, Main Post Growth Capital II LP, with $700 million of capital commitments. The new fund was oversubscribed and closed at its hard cap less than three months after the launch of fundraising.
Svoboda Capital, the seller of Infinite Packaging, invests from $10 million to $25 million in business services, value-added distribution, and consumer products companies that have revenues from $10 million to $100 million and EBITDAs from $3 million to $15 million. The Chicago-based firm was founded in 1998 and has over $400 million of capital under management (www.svoco.com).
© 2019 Private Equity Professional | January 3, 2019
