Gen Cap America has acquired Frontier Packaging, a maker of packaging materials. No financial terms were disclosed.
Nashville, Tenn., January 6, 2021 – Gen Cap America, Inc. (“Gen Cap”), a private equity firm focused on lower middle market buyouts, announced today that it has acquired Frontier Packaging, Inc. (“Frontier”) in partnership with management. Terms of the transaction were not disclosed.
Frontier is a leading manufacturer and distributor of quality packaging materials, with a focus on innovative, efficient, and industry-proven solutions for seafood packaging. With almost 100,000 square feet of warehoused inventory, Frontier provides a full line of custom and stock packaging and processing supplies to quickly meet the needs of seafood producers in the Pacific Northwest, Alaska, and beyond. The company was founded in 1985 and is based in the Seattle area.
Andrew Ginsberg, Director at Gen Cap America stated, “We are thrilled to partner with the Frontier team and look forward to supporting the company’s next phase of growth. Together, we will continue the Frontier legacy as the industry standard for on-time packaging for the Alaskan and Pacific Northwest seafood industry.”
Frontier will continue to be led by its long tenured management team including CEO Rod Meussner, Executive VP Dennis O’Donnell, VP of Sales John Merritt, and CFO Robert Barnes.
CEO Rod Meussner commented, “We chose to partner with Gen Cap as we believe they will help us continue to build upon the legacy Frontier has established over the last 35 years in providing high quality products and knowledgeable, responsive and personalized service to our customers.”
“Frontier fits perfectly with Gen Cap’s investment model of backing management teams at companies with long histories of success,” Barney Byrd, CEO of Gen Cap, commented.
Frontier is the thirteenth platform acquisition made from Gen Cap’s seventh fund.
About Gen Cap America
Gen Cap America, Inc. is a Nashville-based private equity firm that provides equity for management buyouts, division spinoffs, and recapitalizations of profitable, well-established lower middle market businesses. For more information, visit www.gencapamerica.com.
Established in 1985, Frontier is a leading manufacturer and distributor of quality packaging materials to the Pacific Northwest, Alaska and beyond. With almost 100,000 square feet of warehoused inventory Frontier specializes in innovative, efficient, and industry-proven solutions for seafood packaging to meet the needs and seasons of the Pacific Northwest and Alaskan seafood industry. Frontier’s corporate headquarters is in Tukwila, Washington. For more information, visit www.frontierpackaging.com.