TPG Growth has made an investment in Resource Label Group, a portfolio company of First Atlantic Capital.
Resource Label Group is a manufacturer of pressure sensitive labels, shrink sleeves, radio-frequency identification (RFID) and near field communication (NFC) products. The company’s labeling products are used by more than 6,000 customers in the food, beverage, chemical, household products, personal care, nutraceutical, pharmaceutical, medical device, and technology industries.
Resource Label has 120 flexographic and 18 digital printing presses at thirteen locations and has more than 900 employees in the US and Canada. The company, led by CEO Bob Simko, is headquartered in Franklin, TN (www.resourcelabel.com).
Resource Label was acquired by First Atlantic in April 2011 and has grown both organically and through a series of 12 add-on acquisitions as follows: Mid South RFID (acquired September 2007) (Franklin, TN); Pamco Label (July 2011) (Chicago, IL); Fox Tag and Label (July 2011) (Providence, RI); Oxford Graphics (March 2014) (Boston, MA); The Label Company (October 2014) (Los Angeles, CA); A1 Label (December 2014) (Toronto, ON); Taylor Made Labels (October 2015) (Portland, OR); LithoFlexo Grafics (February 2016) (Salt Lake City, UT); Advanced Labels NW (November 2016) (Seattle, WA); RayPress Corporation (December 2016) (Birmingham, AL); Cellotape/Landmark Label ( March 2017)(Newark, CA); and Gintzler International (March 2017) (Buffalo, NY and Liberty Hill, TX).
“Resource Label has many exciting opportunities ahead and we are thrilled to be partnering with TPG Growth so that the company can pursue add-on acquisitions and further its strategic growth objectives,” said Roberto Buaron, Chairman and CEO of First Atlantic Capital.
First Atlantic invests in middle-market companies that are active in the plastics and packaging, food and beverage, consumer and industrial products, and business services sectors. Since its inception in 1989, First Atlantic has acquired 70 companies and consolidated them into 22 major platforms. The firm is based in New York (www.firstatlanticcapital.com).
“TPG has a track record of partnering with dynamic manufacturers focused on consumer-facing end markets,” said Ransom Langford, a Partner at TPG Growth. “In partnering with Resource Label, we are backing an industry-leading platform known for its best-in-class products and commitment to customer service. We are excited to partner with the Resource Label and First Atlantic teams to expand and enhance the platform.”
TPG Growth is the middle market and growth equity investment platform of TPG which was founded in 1992 and makes investments throughout North America, Europe, Asia and Australia. Sectors of interest include industrials, retail, consumer, financial services, travel and entertainment, technology, media and communications, and healthcare. The firm has offices in San Francisco, Fort Worth, Austin, Dallas, Houston, New York, Beijing, Hong Kong, London, Luxembourg, Melbourne, Moscow, Mumbai, São Paulo, Shanghai, Singapore and Tokyo (www.tpg.com) (www.tpggrowth.com).
In December 2017, TPG Growth held a final closing of its fourth fund, TPG Growth IV LP, at its hard cap of $3.7 billion in commitments.
© 2018 Private Equity Professional | May 30, 2018
