News

04/08/2025

Dickinson Williams advises on the sale of Paper Tubes and Sales

Dickinson Williams & Company is pleased to announce that it served as the exclusive financial advisor to Paper Tubes and Sales Co. (“PTS” or the “Company”) in its sale to Pacific Paper Tube Inc., a portfolio company of Sky Island Capital.

Founded in 1976 and headquartered in Dallas, Texas, PTS is one of the largest independent U.S. manufacturers of paper cores, tubes, and composite cans. The Company serves a nationwide customer base across a variety of end markets, including the packaging of snack foods, spices, insecticides, baking and drink mixes, and coffee. PTS operates from a 120,000 square foot facility with more than 40 employees.

Scott Stewart, President and Owner of PTS, said, “Dickinson Williams provided steady guidance throughout the sale, helping us navigate from our early dialogue with Pacific Paper Tube and Sky Island through to a successful closing. I am grateful for their experience and expert counsel, and I am excited about the future for PTS.”

James Gilmore, Managing Director at Dickinson Williams, added, “We are thrilled for Scott and his team as PTS joins Pacific Paper Tube. From the start, there was a compelling strategic and cultural fit between these two great companies, and we look forward to seeing them continue to grow together.”

Jackson Walker LLP and CliftonLarsonAllen LLP provided legal and accounting services for PTS, respectively.

About Pacific Paper Tube:

Founded in 1989, Pacific Paper Tube is the largest independent manufacturer of sustainable paper tubes and cores on the West Coast. Pacific Paper Tube’s products are used for a variety of purposes, including the transportation of materials and consumer goods, the construction of architectural columns, and the packaging of products for sale to end consumers. Since its founding nearly 35 years ago, Pacific Paper Tube has prided itself on providing best-in-class product quality and customer service to the tube and core market and has established a reputation as a leading provider in the industry. Pacific Paper Tube is headquartered in Stockton, California, and maintains other facilities in Las Vegas, Nevada; Kent, Washington; and Portland, Oregon.

About Sky Island Capital:

Sky Island Capital is a lower middle market private equity firm headquartered in Dallas, Texas, that focuses exclusively on partnering with privately held manufacturing companies in North America. Sky Island was born out of the desire to work alongside entrepreneurs and family business owners to serve as a resource and strategic partner with one goal in mind – growth. Sky Island focuses on situations where it can draw upon its deep operational and management experience to support senior management in driving significant value creation through operational and strategic partnership.

About Dickinson Williams & Company:

Dickinson Williams & Company is an independent investment banking firm led by industry veterans with over 90 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 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 investors, 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