Chicago, Illinois based Mesirow announced it acted as the exclusive financial advisor to Gravis, a portfolio company of New Water Capital, L.P. on the acquisition of Western Packaging Solutions.
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.
“Western Packaging Solutions is a highly respected provider of flexible and bulk packaging solutions with deep customer relationships and a strong reputation,” said Vishal Rao, Chief Executive Officer of Gravis. “This acquisition represents an important step in strengthening our position as North America’s leading provider of bulk transportation packaging by meaningfully expanding our Canadian footprint.”
Matt Carlos, Principal at New Water Capital, said, “Western Packaging Solutions enhances Gravis’s ability to better serve customers through expanded product offerings, broader geographic reach and continued delivery of high quality, responsive packaging solutions.”
Rick Weil, Managing Director and Co-Head of Packaging at Mesirow Investment Banking, said, “We value the strong ongoing relationship to represent Gravis in this acquisition. Western Packaging Solutions is a strong strategic addition to the platform. This acquisition further supports Gravis’s continued growth and ability to deliver enhanced solutions to customers across the bulk packaging market.”
The acquisition of Western Packaging Solutions 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 225 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.
