CHICAGO, March 12, 2020 – Mesirow Financial acted as the exclusive financial advisor to Duraco Specialty Tapes (“Duraco” or the “Company”), a leading manufacturer of pressure-sensitive tapes and portfolio company of OpenGate Capital, on its acquisition of Infinity Tapes, a manufacturer of customized adhesive products.

Duraco’s acquisition of Infinity Tapes, a manufacturer of double coated tapes, silicon coated liners and tamper evident products headquartered in Lawrence, MA, expands its product offering in the high growth transit packaging and industrial end markets. Infinity Tape’s President, Craig Allard, will continue to lead the 45-employee workforce as a division of Duraco, continuing the Company’s efforts to provide a comprehensive set of unique solutions to its customers.

Mesirow Financial executed this transaction as part of its ongoing engagement with Duraco, continuing their partnership as the Company actively seeks further strategic acquisitions.

Rocky Pontikes, managing director of Mesirow Financial’s Investment Banking group, commented on the transaction, “We greatly value our relationship with OpenGate and their portfolio company Duraco. We are excited to assist both parties in creating value with regards to their inorganic growth strategy.”

“We remain engaged with OpenGate and Duraco and will continue our proactive discussions with prospective targets across the sector to aid in future complementary and strategic acquisitions,” added Louis Mitchell, managing director of Mesirow Financial’s Investment Banking Group.

This transaction represents another successful assignment completed by Mesirow Financial’s Investment Banking group, highlighting the firm’s transaction experience within the Paper, Plastics, and Packaging, Industrials and Distribution & Supply Chain sectors. Committed to leveraging extensive sector-specific expertise and nurturing deep long-standing relationships, Mesirow Financial’s team has a proven track record of completing successful deals on behalf of their clients.

About Mesirow Financial Investment Banking

Mesirow Financial Investment Banking focuses exclusively on middle-market transactions and serves both public and private companies in merger & acquisition advisory, debt advisory, restructuring and special situations, fairness and solvency opinions, board of directors advisory and special committee representation. Our practice combines rich industry knowledge and long-standing relationships with an entrepreneurial desire to develop tailored solutions designed to deliver measurable results. For more information, please visit mesirow.com

About Duraco

Duraco is B2B manufacturer of pressure-sensitive tapes, which are sold into highly attractive end markets including Point-of-Purchase displays, appliances, transit packaging, construction, signage and HVAC. Duraco’s application- specific tapes are strong alternatives to mechanical fasteners and traditional glues offering longevity, strength, efficiencies in customer’s assembly operations and breadth of substrates. Headquartered in Forest Park, IL and with warehousing locations throughout the United States and Canada, Duraco has a workforce of 150 employees and has been maintaining loyal relationships for over 40 years and is continuously growing with over 6,800 customers. To learn more about Duraco, please visit www.duraco.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 Duraco Specialty Tapes, OpenGate Capital, Infinity Tapes, 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. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.