PPC Builds Manufactured Products Team
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PPC Builds Manufactured Products Team

PPC’s manufactured products group invests in packaging, food and industrial businesses with an emphasis on family-run and founder-led food businesses.

Pritzker Private Capital (PPC) has added Phillip Iler to its investment team as a vice president in its manufactured products group.

“At PPC, we are committed to building a world-class team of investment and operating professionals,” said Paul Carbone, the president and managing partner of PPC. “Phil’s experience partnering with management teams is a great example of how our team creates value for companies across the manufactured products sector. I congratulate Phil on his new position and look forward to working together again as our team executes our differentiated strategy.”

PPC’s manufactured products group invests in packaging, food and industrial businesses with an emphasis on family-run and founder-led food businesses. Earlier this month, PPC partnered with HF Capital, a family investment firm, to make an equity investment in Monogram Foods, a Memphis-headquartered contract and private label manufacturer of meat snacks, appetizers, assembled sandwiches, corn dogs, bacon products, and other convenience-related food products. Monogram operates ten manufacturing locations across six states and has more than 3,000 employees.

Mr. Iler rejoins the firm after receiving his MBA from the University of Chicago. Earlier, he spent three years as an associate at PPC and began his career as an investment banking analyst at SunTrust. Mr. Iler has his undergraduate degree in finance from Wake Forest.

“We are delighted Phil has returned to PPC after earning his MBA,” said Investment Partner – Manufactured Products Chris Trick. “Phil has made significant contributions to expanding our food investing efforts, including our recent investment in Monogram, as this is a priority initiative for our manufactured products team. I am confident he will continue to play an important role as we identify new opportunities and expand our platform.”

In addition to Monogram Foods, PPC’s other manufactured products portfolio companies include Vertellus, an Indiana-based maker of specialty chemicals (January 2021); Ohio-based Plaskolite, the largest United States manufacturer of acrylic, ABS, PETG and polycarbonate sheets (December 2018); C. H. Guenther & Son, a Texas-based producer of branded and private-label food products (March 2018); ProAmpac, an Ohio-headquartered provider of flexible packaging products (October 2016); and PLZ Aeroscience, an Illinois-based maker of specialty aerosols, solvents, and lubricants (July 2015).

Chicago-based PPC acquires North America-based middle-market companies that have enterprise values between $200 million and $1.5 billion and EBITDA of more than $15 million. Sectors of interest include manufactured products, services, and healthcare. The firm, led by Tony Pritzker and the former investment and operating professionals of Pritzker Group, closed its oversubscribed third fund, PPC Fund III LP, at its hard cap of $2.7 billion in July 2021.

© 2021 Private Equity Professional | September 16, 2021

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