Harvest Partners Completes Acquisition of Fortis Solutions Group from Main Post Partners | News
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NEW YORK, Oct 15, 2021 / PRNewswire / – Harvest Partners, LP (“Harvest”) announced today that Harvest-managed funds, along with management, constitute Fortis Solutions Group (“Fortis” or “the Company”), a premier provider of specialty packaging solutions for Main Post Partners, LP (“Main Post”). The company’s management team led by the founder and CEO John Wynne, will continue to lead Fortis and will remain major owners of the company alongside Harvest. Further terms of the transaction were not disclosed.
Headquarters in Virginia Beach, Virginia, Fortis is a leading converter of self-adhesive labels, including multi-ply coupons and brochures, flexible package printing, heat shrink tubing, folding boxes and label applicators. The company serves a blue chip customer base in the food and beverage, health and beauty, retail, agrochemicals, and nutritional supplements end markets. Fortis has a full range of flexographic and digital printing capabilities in 15 manufacturing and sales offices in the United States.
John Wynne said: “It has been an incredible journey with Main Post Partners and I am very grateful and grateful to them for their outstanding contributions. Together with our great team at Fortis we built the culture and growth vision of ‘One Fortis’ that made us possible . ” to differentiate ourselves in the market. I am very much looking forward to working with Harvest Partners to further develop and accelerate the value-added offerings we offer our customers. “
“We thank John, his outstanding management team and all Fortis employees for helping to build an industry leader while generating significant shareholder value, and we wish the company continued success with Harvest Partners,” said Scott Bell, Partner at Main Post Partners.
Michael DeFlorio, CEO and Partner at Harvest, and James Mitchel, Partner at Harvest, said: “We have admired the tremendous success of Fortis over the years and recognize their leadership in the specialty packaging and label markets. We are excited to work with John and the Fortis management team to bring the organic Support the company’s growth and acquisition growth. ” Initiatives in the next few years. “
Fortis has completed 13 acquisitions since 2014 and is actively seeking both insertable and transformative acquisitions in the self-adhesive label, shrink tubing, and flexible packaging markets.
BMO Capital Markets acted as financial advisor and Morrison & Foerster acted as legal advisor to Fortis and Main Post. Ropes & Gray LLP served as legal advisor to Harvest Partners. As part of the transaction, Michael DeFlorio, James Mitchel, and Andrew Hudelson from Harvest Partners will participate John Wynne on the Board of Directors of Fortis.
About the Fortis Solutions Group
At Fortis Solutions Group, we offer a differentiated approach that provides our customers with a strong market advantage through industry-leading lead times, quality control, color management and solution-oriented approaches. We offer a wide range of products using our excellent flexo, book, offset and digital printing skills. These offerings include self-adhesive and shrink labels, multi-layer coupon and flexible package printing, advanced brochure printing, bags, folding boxes, label applicators and variable data printing. Headquarters in Virginia Beach, Virginia, the company also has manufacturing and sales offices in Austin, TX; Catoosa, OK; Ellington, CT; Flowery branch, GA; Climax, NC; Kansas City, MO; Lewisville, TX; Marietta, GA; Memphis, TN; Merced, CA; Napa, California; Orem, UT; West Chester, Ohio; Whitefish, MT; and Wixom, MI. Fortis employs over 950 people in 15 locations and intends to continue its search for attractive acquisitions to expand product offerings and locations for its customer base. Learn more about the Fortis Solutions Group: https://fortissolutionsgroup.com/.
About Main Post Partners, LP
Main Post Partners is a private equity investment firm focused on investing in proven growth companies across the consumer value chain. Main Post Partners invests in both majority and minority positions, mainly in initial institutional capital situations where founders, entrepreneurs and management teams are looking for an experienced partner to help grow their company to its full potential. With a “partnership, not ownership” approach, Main Post Partners works closely with a network of successful executives in order to support its management partners operationally and strategically. Main Post Partners was named one of Inc.’s 50 Best Private Equity Firms for Entrepreneurs. Learn more about Main Post Partners: https://mainpostpartners.com/.
About Harvest Partners, LP
Harvest Partners, LP was founded in 1981 and is an established new York-based private equity investment firm that focuses on investments in medium-sized companies in the areas of business services & industrial services, consumer, healthcare, industrials and software. Harvest’s control strategy leverages the company’s 40 years of experience in financing organic and acquisition-driven growth. More information is available at www.harvestpartners.com.
Contacts:
For the harvest
Caroline light
Lambert & Co.
203-656-2829
cluz@lambert.com
For main mail
Chris Tofalli
Public Relations, LLC www.Tofallipr.com
914-834-4334
chris@tofallipr.com
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SOURCE Main Post Partner
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