FOR IMMEDIATE RELEASE – April 24, 2023
Flexpak, LLC (“Flexpak”), a value-added distributor and supplier of packaging supplies, announced that it completed the acquisition of select assets in St. George, UT on April 14, 2023. This acquisition establishes a new Flexpak branch location to distribute packaging supplies including corrugate, stretch film, poly bags, bubble mailers, and foam products to a variety of customer end markets such as food, electronics, and industrial manufacturing. Flexpak already served the Mountain West region through locations in Salt Lake City, UT; Phoenix, AZ; and Denver, CO. The new St. George location further expands Flexpak’s market coverage with a strategic location in Southern Utah.
Flexpak also announced that Doug Bardsley will join Flexpak and lead the new branch. “We are thrilled to welcome Doug Bardsley and the rest of the team into the Flexpak family. Doug’s relationships and a new local presence in the St. George area will allow Flexpak to better serve the Southern Utah and Nevada markets. We look forward to bringing Flexpak’s specialized capabilities, comprehensive product offering and world-class service to customers throughout the St. George and Las Vegas metro areas,” said Flexpak CEO Brian Kellen.
Flexpak’s latest acquisition is consistent with its strategy to expand its geographic presence throughout the Mountain West region. The addition of St. George enhances Flexpak’s position as a leading packaging solutions provider with a high-quality sales team and expertise across a variety of end-markets. “We are excited to expand Flexpak’s footprint in Southern Utah. Flexpak is well-positioned to serve the Mountain West and going forward, will look to further grow organically and through acquisitions,” said Charlie Denison, Managing Director at Shorehill Capital. Flexpak and Shorehill partnered in 2021. This marks Flexpak’s third acquisition, having acquired ACE Packaging of AZ in July 2022 and Preferred Packaging Products, Inc. in February 2023.
The Shorehill team has been active in the packaging industry over the last two decades, having invested over $300 million in equity across twenty-two acquisitions. The team’s experience includes packaging distribution and manufacturing across a wide variety of substrates.
Terms of this 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, Arizona and Colorado. 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 is focused on making equity investments in North American engineered industrial products, industrial services, and value-added distribution companies with EBITDA between $3 million and $15 million and add-ons of any size. Shorehill seeks opportunities with differentiated business models where its experience, network and investment management approach can have a significant impact on the performance of the business. For nearly 30 years Shorehill’s 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.