O2 acquires Packaging Concepts + Design

O2 Investment Partners said Monday that it has acquired Packaging Concepts + Design, a packaging solutions provider headquartered in Troy, Michigan. No financial terms were disclosed. O2 teamed up with PC&D’s management on the transaction. Midwest Mezzanine provided subordinated financing and equity while Comerica Bank provided senior financing.

PRESS RELEASE

TROY, MI–(Marketwired – Jul 7, 2014) – Packaging Concepts + Design, LLC (PC&D), based in Troy, Michigan, announced today that O2 Investment Partners, LLC, a Midwest-based private equity firm located in Bloomfield Hills, Michigan along with PC&D’s management team have acquired the business. Terms of the deal were not disclosed. Midwest Mezzanine provided subordinated financing and equity and Comerica Bank provided senior financing. Packaging Concepts + Design is a leader in the design and delivery of highly engineered packaging solutions for global Tier 1 automotive suppliers and OEMs. The deal marks O2’s fourth transaction in sixth months.

Richard Kaspers, President & CEO of PC&D commented, “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.”

Founded in 1914 and headquartered in Troy, Michigan, Packaging Concepts + Design is a leader in the design and delivery of highly engineered packaging solutions for global Tier 1 automotive suppliers and OEMs. It also serves the consumer, retail and food/beverage markets. The company is the supplier of choice for the automotive industry’s most complex packaging requirements including design, engineering, sourcing, integrated packaging, program management, assembly and logistics.
Jay Hansen, Managing Partner of O2 Investment Partners, added, “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.”

About O2 Investment Partners:
O2 Investment Partners is a Midwestern based private equity firm that seeks to acquire a majority interest in small and middle market manufacturing, niche distribution, and select service and technology businesses. The firm invests in businesses with earnings growth potential and a clear path to the creation of shareholder value.

O2 invests equity on behalf of its principals as well as a core network of other limited partners and strategic investors. The firm invests with a view toward partnering with management to build and grow the business and take it to its next stage of development. This requires not only a clear vision and strategic plan to create shareholder value, but a close partnership and alignment of interest with management.

About Packaging Concepts + Design:
Packaging Concepts + Design is a leader in the design and delivery of highly engineered packaging solutions for global Tier 1 automotive suppliers and OEMs. It also serves the consumer, retail and food/beverage markets. The company is the supplier of choice for the automotive industry’s most complex packaging requirements including design, engineering, sourcing, integrated packaging, program management, assembly and logistics. PC&D was founded in 1914 and is headquartered in Troy, Michigan.
Additional information is available at www.o2investment.com and www.pcdpackaging.com.

 

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