• Rick Weil (Managing Director, Co-Head of Packaging) and Chris Yike (Director) served as transaction leads.
• Mesirow acted as the exclusive financial advisor on this transaction, highlighting the firm’s continued success in the packaging sector.

CHICAGO, March 19, 2026 – Mesirow announced it acted as the exclusive financial advisor to Gravis (“Gravis” or the “Company”), a portfolio company of New Water Capital, L.P. (“New Water Capital”) on the acquisition of Procon Pacific.

Gravis is a leading provider of bulk transportation packaging solutions in North America, offering products such as flexible intermediate bulk containers (FIBCs), bulk liners, pallets and other engineered packaging materials. The Company serves a wide range of end markets including food, agriculture, chemicals, pharmaceuticals, and industrial goods.

Vishal Rao, Chief Executive Officer of Gravis, said, “The deep industry expertise and thoughtful guidance provided by Mesirow throughout this process were instrumental in achieving a successful outcome for Gravis. Their partnership and execution helped ensure a smooth transaction and positioned the Company well for continued growth.”

“Procon Pacific brings complementary expertise and relationships that enhance Gravis’s value proposition. We are excited about the growth opportunities this combination creates for customers and the broader organization,” said Matt Carlos, Principal at New Water Capital. “The acquisition of Procon Pacific is a strong strategic fit for Gravis and further advances our vision of building a scaled, market leading bulk packaging platform with differentiated capabilities and customer reach,” added Nate Douglas, Vice President at New Water Capital.

Rick Weil, Managing Director and Co-Head of Packaging at Mesirow Investment Banking, said, “We were pleased to advise Gravis throughout this transaction. We believe this acquisition strengthens Gravis’s capabilities in the bulk transportation packaging market and positions the combined organization to deliver enhanced value, scale, and solutions to customers across its core end markets.”

The acquisition of Procon Pacific by Gravis represents another successful packaging transaction completed by Mesirow Investment Banking. Mesirow is one of the most active advisors in the packaging industry, having completed more than 220 transactions in the last 25 years. By leveraging extensive sector-specific expertise across industry groups and nurturing deep, longstanding relationships, Mesirow has amassed a proven track record of highly tailored and successful transactions on behalf of its clients.