Snow Phipps buys Brook and Whittle

Snow Phipps Group has acquired Brook and Whittle from RFE Investment Partners and Charter Oak Equity. No financial terms were disclosed. Brook and Whittle is a provider of prime labels to the consumer and medical end markets.

PRESS RELEASE

NEW YORK, Oct. 18, 2017 /PRNewswire/ — Snow Phipps Group (“Snow Phipps”) announced today that it has completed its acquisition of Brook and Whittle Holdings, Corp. (“Brook and Whittle” or the “Company”) from RFE Investment Partners and Charter Oak Equity. Brook and Whittle provides prime labels in pressure sensitive and shrink sleeve formats to consumer and medical end markets. Terms of the transaction were not disclosed.

Ian Snow, CEO and Partner of Snow Phipps Group, said: “We are very excited to partner with a market leading producer in Brook and Whittle. We are confident that the Company is well-positioned to capitalize on significant growth opportunities, and look forward to supporting our investment with additional capital for growth projects and follow-on acquisitions.”

Snow Phipps will partner with the existing Brook and Whittle management team led by Co-founder Steve Stewart. “Snow Phipps is bringing highly relevant experience and capital to our business. We have a fantastic group of employees who are eager to enter this new stage of growth and take our business to the next level,” said Mr. Stewart. The Company’s existing management team will continue to be significant shareholders of the business going forward.

Snow Phipps Operating Partner Don Sturdivant will join Brook and Whittle as the non-executive Chairman of the Board of Directors. Mr. Sturdivant was hired by Snow Phipps as an Operating Partner in September 2016 to focus on the packaging industry. Mr. Sturdivant has more than 30 years of experience in the packaging industry and has served in leadership roles at Graphic Packaging, Altivity and Fort James. Additionally, he has served on the Board of Directors and as the CEO of several companies owned by private equity firms.

“Steve and his team have built a market leading platform with a stellar reputation backed up by outstanding customer service, technical capabilities and innovation,” Mr. Sturdivant said. “The Company’s customer and technology centric mindset has forged a number of strong long-term relationships with ample runway for future growth. We look forward to working with Brook and Whittle towards accelerating that growth trajectory.”

Gordon Bonfield, an advisor to Snow Phipps, will also join the Board of Directors. Gordon served as CEO of Multi-Color and previously served in leadership capacities at R. A. Jones and Ivex Packaging.

About Brook and Whittle
Brook & Whittle is a leading technically-oriented North American manufacturer of premium prime label solutions with highly differentiated capabilities, entrusted by some of the largest global brands. The Company provides pressure sensitive labels, shrink labels and medical packaging, with a focus on unique product configurations and decorative effects requiring significant technical expertise. With a heritage rooted in product development and comprehensive in-house manufacturing operations, the Company draws on its wide variety of specialized printing expertise, including UV flexographic, rotogravure and digital, to create unique decorated labels across a range of substrates, including pressure sensitive materials and shrink film. Brook and Whittle operates three production facilities in North Branford, CT, Guilford, CT and Amherst, NY. To learn more about Brook and Whittle, visit www.brookandwhittle.com.

About Snow Phipps Group
Snow Phipps is a private equity firm focused on middle-market control investments. With $2.4 billion of assets currently under management, Snow Phipps targets platform companies with enterprise values ranging from $100 million to $500 million. The firm utilizes an operating partner model to invest across select industries and seek value creation through an operationally focused strategy. To learn more about Snow Phipps, visit www.snowphipps.com.