News

08/19/2021

Dickinson Williams advises on the sale of Tech Packaging

Dickinson Williams & Co. served as the exclusive financial advisor to Tech Packaging, Inc. (“TPI”) in its sale to Impact Fulfillment Services (“IFS”), a portfolio company of Endeavour Capital.

TPI is a leading provider of food repackaging and related copacking services with a total of five locations in Florida, California, and Pennsylvania.

Tom Leonard, one of TPI’s shareholders, stated, “The DW&Co. team was there for us at every step of the process, and we are very pleased with the outcome and our new partnership with IFS.”

“It was a real pleasure and privilege to work with TPI, which represents an ideal client situation for us,” said John Dickinson, Managing Director of Dickinson Williams.

Brant, Reiter, McCormick, & Johnson, P.A. served as legal counsel to TPI.

About Tech Packaging:

Headquartered in Jacksonville, Florida, TPI is a highly trusted and valued provider of multi-pack repackaging, display assembly, and palletized loading of snack and related food products for direct-store delivery, retailer warehouses, independent distribution, and e-commerce. The company has over 600 employees across its locations, and 30 years of success and growth based on operational excellence and superior quality control.

About Impact Fulfillment Services:

Founded in 1998 and headquartered in Burlington, North Carolina, IFS provides outsourced contract packaging and distribution services to leading branded consumer product companies in the United States and Canada. The company’s objective is to “build an organization that creates value for our customers and stakeholders by developing seamless Supply Chain Solutions to drive end market demand.” Primary services include assembly of point-of-purchase displays and custom packaging for branded consumer goods sold through the club and mass retail channels. In addition, IFS provides packaging design and development, material sourcing, retail distribution, and order fulfillment on behalf of its customers.

About Endeavour Capital:

For over 30 years, Endeavour Capital has partnered with exceptional companies and management teams to help them realize their growth potential and other goals. The firm is currently investing its eighth fund ($850 million) and has a proven record across more than 60 platform investments.

About Dickinson Williams & Company:

Dickinson Williams & Company is an independent investment banking firm led by industry veterans with over 80 years of combined investment banking, financing, and operating experience. The firm provides objective, experience-based advisory services to lower middle market companies with enterprise values typically up to $150 million. The firm provides sell-side, buy-side, private placement, recapitalization, and strategic advisory services to family and closely held businesses, corporations, and private equity groups, and has a broad cross-section of transaction and industry experience in the industrials, business services, distribution, healthcare, and consumer sectors.

John C. Dickinson
Managing Director
jdickinson@dickinsonwilliams.com
804.588.3412

James A. Gilmore
Managing Director
jgilmore@dickinsonwilliams.com
804.588.3414

Harold J. Williams III
Managing Director
hwilliams@dickinsonwilliams.com
804.588.3413