July 2017: Stonehenge Partners supported the acquisition of Plastic Package, Inc. (“PPI”) by Revere Packaging Holdings, LLC (“Revere”).
Located in Shelbyville, Kentucky and a platform company of Progress Equity Partners (“Progress”), Revere is a niche provider of single use aluminum and plastic packaging solutions in unique order quantities on a made-to-order basis. Revere is active in many end markets including airline, bakery, food distribution, frozen food, restaurant and supermarkets.
Located in Sacramento, California, PPI produces thin-gauge thermoformed plastic trays and containers for confectionery, bakery, food service, school nutrition, and other food-centric end markets.
The newly-combined company is positioned to respond to food packaging demand (including growth in functional and custom packaging) through the integration of highly-experienced industry executives, the application of state-of-the-art technologies, and the consistent delivery of exceptional customer service. In addition, the new company will serve a larger clientele with broader product offerings from locations in Hawaii, California, Indiana and Kentucky.
Investment Parameters
$1 billion of private capital under management
Control or non-control equity investments
Mezzanine investments
$5 to $35 million targeted investment range
Buyouts, recapitalizations & growth capital
Manufacturing, distribution & business services
Stonehenge Team
Pete Davies
Mike Endres
Bob Eversole
Steve Kimpel
David Meuse
Tom Utgard
Mike Affinito
Mike Arguelles
Keith Bishop
Nathan McGill
Scott Williams
