Packers Holdings LLC, a portfolio company of Blue Point Capital Partners, has acquired two contract cleaners serving the food processing industry: Kaiser Contract Cleaning Specialists Inc. and Canadian Contract Cleaning Specialists Inc. No financial terms were disclosed.
Blue Point Capital Partners, in conjunction with its portfolio company, Packers Holdings LLC, announced today the acquisitions of Kaiser Contract Cleaning Specialists Inc. (KCCSI) and Canadian Contract Cleaning Specialists Inc. (CCCSI), two leading contract cleaners servicing the food processing industry.
“With the addition of KCCSI and CCCSI, Packers Holdings is now the largest food processing contract cleaner in the United States and in Canada,” said John LeMay, a partner at Blue Point. These transactions represent the first add-on acquisitions for Packers Holdings, which was acquired by Blue Point as a platform investment in April 2007.
“This transaction is a tremendous opportunity for all three companies,” said Jeff Kaiser, CEO of the combined organization. “The combination of the management teams and the additional geographic coverage we now have will allow us to provide higher-quality services for our customers across a broader geographic area.”
Kaiser, who previously worked with Packers Holdings, added, “I’m excited to once again partner with my former colleagues and with Blue Point, and I look forward to the opportunities that this transaction will create.”
Dan Zelman, chairman of the combined company, said, “We’re pleased to have Jeff and his companies as part of our group. Our companies complement each other well, and we look forward to continuing to serve all of our customers in the manner to which they are accustomed.”
Founded in 1971 and headquartered in Mt. Pleasant, Iowa, Packers Holdings – through its Packers Sanitation Services Inc. (PSSI) subsidiary – is also a contract cleaner of food processing facilities serving primarily the protein industry.
Blue Point, with offices in Charlotte, Cleveland, Seattle and Shanghai, is one of the largest and most active resident middle market private equity firms in each of its target markets and focuses principally on investments in manufacturing, distribution and service businesses that primarily address commercial and industrial markets. Blue Point has extensive experience in identifying, evaluating and successfully completing a variety of private equity investment transactions, including recapitalizations, management buyouts, corporate divestitures and industry consolidations. The principals of Blue Point have completed over 90 investments with a total transaction value of more than $2 billion.