ShoreView has sold Rohrer to Wellspring Capital Management. No financial terms were disclosed. Rohrer is a provider of packaging solutions.
The Partners of ShoreView are pleased to announce the sale of Rohrer Corporation (“Rohrer”) to Wellspring Capital Management. ShoreView partnered with the Rohrer family over 11 years ago, with the goal of becoming a consolidator in the fragmented high-visibility packaging solutions industry.
Prior to ShoreView’s investment, Rohrer was a traditional family business. The shareholders were seeking to both diversify their personal net worth and find a partner to help achieve the next phase of the Company’s growth. ShoreView structured a transaction that:
Provided liquidity to the family while enabling them to maintain a meaningful ownership position
Created a succession plan for the family to enable them to transition from day-to-day management into a board role
Provided ample financial resources to support a number of acquisitions and make significant capital expenditures
Over the next 11 years, ShoreView worked with Rohrer to:
Complete four add-on acquisitions which expanded the Company’s product lines, customer base, and geographic presence
Expand operations internationally
Expand capacity and increase Rohrer’s capabilities with substantial capital investment in new presses and related equipment
Hire new senior leadership to effectuate the founding family’s transition plans, including a new CEO, CFO, and VP of Operations
Grow the business from $67 million to over $200 million in revenue
Rohrer believes true partners make the perfect package. Their award-winning team uses state-of-the-art manufacturing technologies to provide innovative retail packaging solutions. Rohrer’s partners enjoy industry-leading speed, quality, and value through the ezCombo program, and beautiful design and inventive solutions with custom packaging programs. Rohrer’s packaging solutions help build brands and bottom lines. For additional information, please visit Rohrer.com.
Founded in 2002, ShoreView is a Minneapolis-based private equity firm that has raised over $1.3 billion of committed capital across four funds. ShoreView partners with family or entrepreneurial-owned companies across many sectors, including engineered products, distribution, industrial services, business services, healthcare, and niche consumer products. ShoreView structures a variety of acquisition, recapitalization and build-up transactions, typically in businesses with revenues ranging between $20 million and $300 million.