Rainer Partners acquires Calpine Containers

Employees have retained an ownership interest in the West Coast packaging distributor serving the agriculture industry.

Rainer Partners has acquired Calpine Containers and its subsidiaries in partnership with management. Calpine, based in Clovis, California, Is one the largest West Coast distributors serving the agriculture industry.

PRESS RELEASE

Seattle, WA – April 13, 2021 – Rainier Partners announced it has acquired Calpine Containers, Inc., and its subsidiaries (“Calpine” or “the Company”) in partnership with members of the Company’s management team. Headquartered in Clovis, CA, Calpine is one of the largest West Coast packaging distributors serving the agriculture industry. Rainier’s investment will accelerate Calpine’s growth while maintaining its focus on quality, reliability, and customer service.

“The entire Calpine team is excited to partner with Rainier,” said Walt Tindell, CEO of Calpine. “Since Calpine’s founding in 1895, we have worked hard to establish a reputation for excellent service and dependability. We look forward to continuing that tradition with Rainier’s support. Rainier’s distribution industry expertise and experience will be invaluable as we work to better serve our customers and capitalize on compelling growth opportunities in the market.”

Commenting on the transaction, Alex Rolfe, Managing Partner of Rainier, said: “Calpine’s track record of exceptional service, quality products, and fair pricing provides a solid foundation upon which we are excited to build. We look forward to working with Walt and the entire Calpine team.”

Jon Altman, Managing Partner of Rainier, added: “Calpine has a well-earned reputation as a dependable partner to its customers. We are thrilled Calpine has chosen to partner with us and look forward to supporting management as Calpine extends its 125-year history.”

Calpine’s employees have retained an ownership interest in the Company alongside Rainier.  The Company will continue to be managed by Walt Tindell, Ken Sommers (CFO), and Eva Hammond (CAO).

ABOUT CALPINE CONTAINERS, INC.

Founded in 1895 and headquartered in Clovis, CA, Calpine distributes innovative and quality packaging while serving customers as partners. From bags and boxes to pallets and strapping, Calpine supplies products that will protect customers’ produce from field to market. Calpine’s footprint of 11 locations throughout key West Coast agricultural regions enables it to serve a customer base of more than 500 fresh produce growers and marketers. www.calpinecontainers.com

ABOUT RAINIER PARTNERS

Founded in 2020 and based in Seattle, WA, Rainier Partners is a private equity firm that invests in lower middle-market businesses, primarily in the Western US and Canada. Rainier’s principals have deep experience profitably growing services businesses within four specific sectors including Business Services, Financial Services, Industrial Services, and Consumer Services. Rainier’s approach is to partner with owners and management teams and offer an open, collaborative form of communication that promotes alignment and clarity in working toward a shared vision. www.rainierpartners.com