Press release
/
Investment Banking

Mesirow Advises Crownhill Packaging on its Sale to SupplyOne, a Wellspring Capital Management portfolio company

  • Crownhill is a unique, specialty packaging distribution and value-added services platform
  • Acquisition by SupplyOne will enable Crownhill to accelerate its strategic growth objectives
  • Successful transaction highlights Mesirow's expertise and relationships within the paper, packaging and distribution sectors‍
  • Rick Weil (Managing Director), Melanie Yermack (Managing Director) and Chris Yike (Director) served as transaction leads
Chicago
|
January 16, 2024

Mesirow announced it acted as the exclusive financial advisor to Crownhill Packaging ("Crownhill" or the "Company") on its sale to SupplyOne, a Wellspring Capital Management portfolio company.

Founded in 1986 and based in Toronto, Ontario, Crownhill Packaging is among the largest full-service packaging suppliers in North America. Crownhill offers a comprehensive portfolio of packaging products as well as value-added services, including custom packaging, fabrication and assembly, logistics and distribution to help its customers streamline their operations, reduce costs and improve customer service.

"We are proud to have represented Crownhill Packaging in this transaction. There was strong buyer interest in the business given its unique and highly effective business model and performance," said Rick Weil, Managing Director of Mesirow Investment Banking. "For the last 35 years, Crownhill has built an outstanding marketplace reputation, and this partnership with SupplyOne positions the combined entity for exciting growth."

Rodney Taylor, Vice President of Crownhill Packaging, said: "Mesirow was a trusted, insightful advisor to Crownhill and the team expertly guided us through the sale process. From beginning to end, Mesirow managed a highly competitive process which ultimately led to a fantastic outcome for Crownhill and a partner who supports the management team?s vision for the Company."

"Mesirow's industry knowledge and relationships were instrumental in identifying SupplyOne as the ideal partner to support our continued expansion and innovation in this rapidly growing market," said Ken Wong, Vice President of Crownhill Packaging. "We're enthusiastic about expanding our customer and vendor relationships, diversifying our product offerings, and pursuing further growth through acquisitions in Canada."

Melanie Yermack, Managing Director of Mesirow Investment Banking, added, "The leadership team at Crownhill has created a truly unique platform that will expand SupplyOne?s reach into the Canadian market. We look forward to following the continued success of Crownhill in its partnership with SupplyOne."

"We highly value our relationship with Crownhill and believe that SupplyOne will enhance the Company's value proposition and market position," said Chris Yike, Director of Mesirow Investment Banking.

The sale of Crownhill Packaging represents another successful assignment completed by Mesirow Investment Banking. Mesirow is one of the most active advisors in the packaging sector, having completed over 200 packaging transactions in recent years. Committed to leveraging extensive sector-specific expertise across industry groups and nurturing deep longstanding relationships, Mesirow has a proven track record of completing highly tailored and successful transactions on behalf of its 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 culture. To learn more, visit mesirow.com and follow us on LinkedIn.

Mesirow was recently named one of the Best Places to Work in Chicago by Crain's Chicago Business and one of the Top 100 RIA firms by Barron's.
 

About Crownhill Packaging

As one of the largest full-service packaging suppliers in North America, Crownhill packaging is renowned for its commitment to providing businesses with high-quality and reliable packaging products and supplies. Crownhill offer all-inclusive services from customer packaging services to logistics and distribution to help streamline your supply chain, reduce costs, and improve customer service. For more information, visit www.crownhillpackaging.com.

About SupplyOne

SupplyOne is the largest independent supplier of corrugated and other value-added packaging products, equipment, and services in the U.S. It provides mid-sized manufacturers, food processors, medical and e-commerce companies industry-leading packaging programs, products, and supply chain solutions from a single point of contact to unlock efficiency and direct cost savings. Since its founding in 1998, SupplyOne has become the acquirer of choice for privately held specialty corrugated packaging manufacturers and value-added packaging distributors. SupplyOne is a portfolio company of Wellspring Capital Management. For more information, visit www.supplyone.com.

Inquiries
mediainquiries@mesirow.com

Recent news from Mesirow

Mesirow’s Gary Pattengale shares key tax season planning considerations on WGN radio
Read article
Mesirow Alternative Credit and GMO Payment Gateway announce strategic partnership
Read article
Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow investment vehicle(s). Mesirow Financial, Inc. is not affiliated with Crownhill Packaging, SupplyOne, or their affiliates. Past performance is not indicative of future results. Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow name and logo are registered service marks of Mesirow Financial Holdings, Inc. © 2024. All rights reserved. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC. 2022 Crain's Best Places to Work (Received August 2022 reflective of previous 12 months | Licensing fees paid post award for use of the ranking). Best Companies Group (BCG), an independent workplace excellence research firm, conducted a two-part survey. Part one, consisted of an employer questionnaire, used to collect information about benefits, policies, practices, and other general information. Part two was a confidential 77-question employee survey used to evaluate local employee's workplace experience and culture. Rankings and/or recognition by unaffiliated rating services and/or publications are not indicative of a firm's future performance nor do they evaluate the quality of services provided to clients or guarantee that he/she will experience a certain level of results if Mesirow is engaged, or continues to be engaged, to provide investment advisory services, nor should they be construed as a current or past endorsement of Mesirow by any of its clients. 2023 Barron's Top RIAs (Received September 2023 for the year 2022 | Licensing fees paid post award for use of the ranking). In order to be considered for the Barron's 2023 Top RIA Firms list, applicants were required to complete a 145-question survey, with the firm's ADV informing the majority of responses. Firms were also required to meet a number of other specified requirements to be eligible for inclusion. Firms were ranked based on various qualitative and quantitative factors, including assets managed, the size and experience of teams, regulatory records of the advisors and firms, technology spending, staff diversity, organic and M&A growth, client segmentation as well as succession planning.