Flexpak, LLC (“Flexpak”), a value-added distributor and supplier of packaging supplies, announced that it completed the acquisition of ACE Packaging of AZ (“ACE”) on July 1, 2022.
Headquartered in Phoenix, Arizona, ACE is a value-added distributor and supplier of packaging products including stock and custom corrugated boxes, stretch film, foam, polybags and other related packaging supplies. ACE primarily serves the healthcare, transportation, food, industrial, and consumer products industries throughout Arizona.
“We are thrilled to welcome the ACE team to the Flexpak family. ACE and Flexpak share similar cultures; both companies take great pride in providing high levels of customer service. We look forward to continued growth and offering an expanded set of products and services to ACE’s customers,” said Flexpak CEO, Brian Kellen.
Former ACE owners, Mark Lundberg and Kevin Aldridge, will have important, ongoing roles with Flexpak. “We are excited to join forces with Flexpak. Both ACE and Flexpak share a similar focus on outstanding customer service and this combination positions us to deliver enhanced solutions to our customers,” said ACE President, Mark Lundberg.
Flexpak’s acquisition of ACE is consistent with its strategy to expand its geographic presence throughout the Mountain West region in the United States. The combination of Flexpak and ACE immediately creates a leading packaging solutions provider across Utah and Arizona with a high-quality sales team and expertise across a variety of end-markets including healthcare, food and beverage, industrials and consumer products. “ACE is a terrific company with a long history and great reputation in the Arizona marketplace. We are excited to partner with the ACE team to expand Flexpak into Arizona. Looking forward, Flexpak will continue to use acquisitions to expand its presence throughout the Mountain West region,” said Charlie Denison, Managing Director at Shorehill Capital.
Terms of the transaction were not disclosed.
About Flexpak, LLC
Flexpak is a value-added distributor and supplier of packaging supplies, including stock and custom corrugated boxes, polybags, stretch wrap, shrink film, foam, cushioning, mailers, and other related packaging supplies. The Company is headquartered in Woods Cross, Utah and primarily serves the healthcare, food and beverage, industrial, and consumer products industries across Utah, Idaho and Arizona. The Company is led by its founder and CEO, Brian Kellen. Flexpak is a portfolio company of Shorehill Capital. For additional information, visit flexpak.net.
Flexpak is actively seeking acquisitions of value-added distributors and suppliers of packaging supplies and is interested in acquisition opportunities presented by business owners, management, or M&A intermediaries. Please contact Thomas Sigle or Charlie Denison regarding acquisition opportunities.
About Shorehill Capital LLC
Shorehill Capital LLC is a Chicago-based private equity firm with a passion for creating superior companies. Shorehill focuses on making control equity investments in North American engineered industrial products, industrial services, and value-added distribution companies with EBITDA between $3.0 million and $15.0 million and add-ons of any size. Shorehill seeks opportunities where its experience, network and investment management approach can have a significant impact on the performance of a business. For nearly 30 years the Shorehill partners have worked with middle market business leaders to accelerate growth and improve operational performance through structured investment management plans. For additional information, please visit www.ShorehillCapital.com.