Founders Advises AmeriPac in Sale to Veritiv Corporation
BIRMINGHAM, Ala. (May 3, 2024) – Founders is pleased to announce that certain principals of Founders Advisors, LLC advised AmeriPac, LLC (“AmeriPac”) in its sale to Veritiv Corporation (“Veritiv”). The transaction closed on April 12, 2024.
AmeriPac is a leading provider of turnkey contract packaging and fulfilment services with annual revenues of approximately $60 million. The AmeriPac business workforce of nearly 600 is located in Grapevine and Dallas, TX and Mechanicsburg, PA. AmeriPac adds meaningful capabilities and scale to Veritiv’s existing kitting and co-packing platform with expertise in complex packaging processes and the ability to flex resources to rapidly respond to business seasonality and customer needs. The AmeriPac business serves customers in a variety of high-growth segments, anchored by an attractive customer base in the cosmetic and personal care industries.
Greg Wren, CEO of AmeriPac, stated, “My family and I cannot express enough gratitude to the entire Founders team for their guidance through the transaction process and their assistance in helping me find the ideal partner for AmeriPac. Founders helped open my eyes to a lot of opportunities and I cannot imagine going through this process with anyone but the Founders team. Joining the Veritiv team represents an opportunity to expand our services and our reach through Veritiv’s established commercial infrastructure, packaging procurement and distribution expertise, and enhanced design and testing capabilities. We look forward to building on our current success and enhancing our service to customers as part of the Veritiv team.”
“Working with Greg and the AmeriPac team has truly been a delight. Together, we’ve diligently sought the perfect partner to not only bolster AmeriPac’s future growth prospects but also uphold AmeriPac’s esteemed standard of service and product excellence. We eagerly anticipate witnessing the continued growth and success of the unified entity of AmeriPac and Veritiv, as they solidify their standing as premier providers of packaging solutions,” said Evan Klisares, Director at Founders Advisors.
About AmeriPac
Founded in 1989, AmeriPac is the premier partner for contract packaging and turnkey fulfillment solutions for more than 30 years. For more information, www.ameripacinc.com.
About Vertitiv
Veritiv Corporation, headquartered in Atlanta, is a leading full-service provider of packaging, JanSan and hygiene products, services and solutions. Additionally, Veritiv provides print and publishing products. Serving customers in a wide range of industries both in North America and globally, Veritiv has distribution centers throughout the U.S. and Mexico, and team members around the world helping shape the success of its customers. For more information about Veritiv and its business segments visit www.veritiv.com.
About Founders Advisors, LLC
Founders is a merger, acquisition, & strategic advisory firm serving middle-market companies. Founders focuses on helping companies across industrial, technology, business services, consumer, and healthcare industries. Founders’ skilled professionals, proven expertise, and process-based solutions help companies access growth capital, make acquisitions, and/or prepare for and execute liquidity events to achieve specific financial goals. In order to provide securities-related services, certain principals of Founders Advisors, LLC are licensed with Founders M&A Advisory, LLC, member FINRA and SIPC. Founders M&A Advisory, LLC is a wholly-owned subsidiary of Founders Advisors, LLC. Founders Advisors, LLC does not provide investment advice. For more information, please visit www.foundersib.com.