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Svoboda Capital Partners Exits Its Investment In Infinite Packaging Group

Svoboda Capital Partners Exits Its Investment In Infinite Packaging Group

Chicago, IL – January 3, 2019 – Svoboda Capital Partners LLC (“SC”) and management of Infinite Packaging Group (“IPG” or the “Company”) is pleased to announce the Company has been acquired by Fortis Solutions Group (“Fortis”), a portfolio company of Main Post Partners.

SC’s investment in IPG was comprised of three packaging converting businesses, MEI Labels (“MEI”), TVC Label (“TVC”), and Hyde Park Label Company (“HPL”). SC completed its original investment in IPG in December 2012. Founded in 1996 and headquartered outside of Tulsa, OK, MEI is a flexographic print company that provided pressure sensitive product ID labels, inserts, tags and other products to global customers in a variety of end markets, including food and beverage, distribution, industrial packaging, and nutritional products. In June 2013, MEI acquired TVC, a short and medium-run, printer and converter of digital and flexographic pressure sensitive labels and shrink sleeves. Founded in 1993 and headquartered in Lewisville, TX, TVC focused on serving the health & beauty, consumer goods, pet care, and automotive end markets. In March 2015, MEI changed its corporate name to IPG. In April 2016, IPG acquired HPL, a provider of high-quality, flexographic and digital printed labels and decorative packaging. HPL, based in Round Rock, Texas, focused on providing high-quality labels and film, for the food and beverage, craft beer, wine and spirits, and health and beauty markets. Through this combination, IPG established a multi-location, best-in-class, platform in the pressure sensitive and shrink film industry segment.

“Our partnership with SC has enhanced the long-term growth and success of IPG and has been an enjoyable experience along the way,” Lynn Higgs, CEO, said. “By joining Fortis, a leading national converter with expansive resources, we will have a bigger platform with more capabilities and channels to continue building upon our success.”

“On behalf of SC, it has been a pleasure to work with the team at IPG. Under management’s leadership, the team continued to strengthen its value proposition, striving to provide the highest quality products and services for its clients,” said Jeffrey Piper, Managing Director at Svoboda Capital Partners. “We are proud of our association with the Company and are confident of IPG’s continued success with Fortis.”

Katten Muchin Rosenman LLP acted as IPG’s legal advisor on the transaction. BMO Capital Markets acted as IPG’s financial advisor on the transaction.

For more information on IPG, please visit http://www.infinitepkg.com/.
For more information on Fortis, please visit http://fortissolutionsgroup.com/.

About Svoboda Capital Partners LLC
Svoboda Capital Partners LLC is a Chicago-based private equity firm with over $400 million of capital under management. Founded in 1998, SC identifies, invests in and helps build excellent businesses in its targeted business niches: business services, value-added distribution, and consumer products. SC typically makes investments of $10 to $20 million per company in partnership with management teams. For more information on SC, please visit https://svoco.com/.