Press Release

Mesirow Advises Technical Machinery Solutions and Affiliated Companies on their Sale to Pregis

  • Together, Technical Machinery Solutions and Graphic Innovators designed and built a first-of-its-kind equipment line to manufacture a light weight, curbside recyclable paper mailer
  • Partnership with Pregis will maintain the Company’s culture and invest in its growth
  • The sale executed by Mesirow highlights the firm’s collaborative nature and expertise within the Packaging and Distribution and Supply Chain sectors

CHICAGO, November 19, 2020 – Mesirow acted as exclusive financial advisor to Technical Machinery Solutions, Inc. (“TMS”) on its sale to Pregis LLC (“Pregis”), a portfolio company of Warburg Pincus LLC and leading manufacturer of innovative protective packaging. The sale also includes the Graphic Innovators, Inc. business (“GI”) (collectively “GI / TMS” or the “Company”).

Headquartered in Elk Grove Village, IL, GI / TMS is best known for the lightweight and flexible e-commerce mailer branded as the Eco Mailer™. The curbside recyclable all-paper mailer is produced by equipment engineered by TMS which is considered the first to manufacture a product of this kind. Offering great protection and produced with circularity in mind, these cushioned mailers can be recycled in all-paper recovery systems, serving as the ideal solution for customers seeking to meet environmental objectives. The acquisition of GI / TMS will allow Pregis to add another product to its robust e-commerce product offering that supports sustainability.

“Mesirow’s team navigated challenging dynamics brought on by COVID-19, utilizing its expertise within the Packaging sector to facilitate this ideal partnership for the Company,” said Scott Kiley, CEO and chairman of GI / TMS. “Pregis is committed to maintaining GI / TMS’s culture and investing in the Company’s continued growth.”

Rocky Pontikes, managing director of Mesirow Investment Banking, commented on the transaction, “We valued the opportunity to work alongside GI / TMS throughout this process, taking advantage of our team’s Packaging sector coverage to secure this strategic partnership between the Company and Pregis. GI / TMS has built a strong reputation within the Packaging industry, and Pregis will only enhance this leading presence.”

The sale of GI / TMS to Pregis represents another successful assignment completed by Mesirow Investment Banking and highlights the firm’s expertise within the Packaging and Distribution and Supply Chain sectors. Committed to leveraging extensive sector-specific expertise across industry groups and nurturing deep long-standing relationships, Mesirow has a proven track record of completing highly tailored and successful transactions on behalf of clients.

About Mesirow 

Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our workplace culture. To learn more, visit mesirow.com and follow us on LinkedIn.

About Graphic Innovators and Technical Machinery Solutions

Graphic Innovators was founded in 1991 a service provider specializing in engineering and remanufacturing of machinery and equipment. The company has been serving the graphic, packaging and other manufacturing sectors to build, optimize and restore equipment.  As a remanufacturer of used machinery, the company prevented thousands of tons of equipment in use and out of landfills. Driven by an environmentally-conscious mindset, the company formed Technical Machinery Solution to engineer a single-stream production line for the manufacture of lightweight, recyclable padded mailers. The curbside recyclable mailers save space, time and money, for some of the largest e-commerce retailers in the world. For more information: www.technicalmachinerysolutions.com.

Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow Financial investment vehicle(s). Mesirow Financial, Inc. is not affiliated with Technical Machinery Solutions, Graphic Innovators, Inc., Pregis Corp., Warburg Pincus, LLC, or their affiliates. Past performance is not indicative of future results. Mesirow Financial refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow Financial name and logo are registered service marks of Mesirow Financial Holdings, Inc. © 2020. All rights reserved. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.

Related news

Mesirow Advises Dallas Plastics on its Sale to Sole Source Capital

Read article

Mesirow Unveils New Brand Identity with Modernized Logo and New Website

Read article