MVP News
MVP Capital Partners Acquires SupplyOne
7/20/2007
Radnor, Pennsylvania - July 20, 2007 - MVP Capital Partners ("MVP") and Stephens Capital Partners ("Stephens") announced today that they have acquired, in partnership with management, SupplyOne Holdings Company, Inc. (SupplyOne), a national provider of packaging solutions.
SupplyOne, headquartered in Devon, PA, is a leading, independent packaging solutions provider that offers one-stop manufacturing, distribution and consulting services for its customers. The Company was founded in 1998 by the current management team as a platform to acquire top tier regional packaging manufacturers and distributors. SupplyOne has acquired 11 companies and serves customers in various end markets such as consumer products, food processing, retail, medical, electronics and general manufacturing.
SupplyOne manufactures a wide range of specialized packaging products including corrugated packaging, thermoformed plastic, fabricated foam products and pressure sensitive labels. The Company also distributes a full range of packaging supplies including carton sealing tapes, stretch and shrink films, polybags, wrapping and interior cushioning products. In addition, the Company distributes and services a wide range of packaging equipment including stretch wrappers, closure systems, auto baggers and conveyer systems.
SupplyOne has developed an innovative solution to address its customers' total packaging needs with the Packaging Management Program ("PMP"). Through the PMP, SupplyOne analyzes a customer's current purchasing and inventory management practices utilizing a proprietary model and determines an optimal procurement strategy. This program significantly reduces a customer's total cost of ownership resulting in significant savings and improved cash flow. In addition, the PMP provides a centralized information system allowing customers to monitor and control their packaging spend.
According to Robert E. Brown, Jr., Managing Partner of MVP, "We are excited to have the opportunity to work with Bill Leith and the outstanding management team at SupplyOne. SupplyOne occupies an important and growing position in the packaging industry, and represents exactly the kind of investment we look for at MVP."
William T. Leith, President and Chief Executive Officer of SupplyOne, stated: "We look forward to working with MVP and Stephens and are very excited about the opportunities this new partnership will provide our company, employees, and customers."
PNC Business Credit underwrote the senior debt financing for the transaction. LBC Credit Partners provided the subordinated debt and made an equity co-investment.
7/20/2007
Radnor, Pennsylvania - July 20, 2007 - MVP Capital Partners ("MVP") and Stephens Capital Partners ("Stephens") announced today that they have acquired, in partnership with management, SupplyOne Holdings Company, Inc. (SupplyOne), a national provider of packaging solutions.
SupplyOne, headquartered in Devon, PA, is a leading, independent packaging solutions provider that offers one-stop manufacturing, distribution and consulting services for its customers. The Company was founded in 1998 by the current management team as a platform to acquire top tier regional packaging manufacturers and distributors. SupplyOne has acquired 11 companies and serves customers in various end markets such as consumer products, food processing, retail, medical, electronics and general manufacturing.
SupplyOne manufactures a wide range of specialized packaging products including corrugated packaging, thermoformed plastic, fabricated foam products and pressure sensitive labels. The Company also distributes a full range of packaging supplies including carton sealing tapes, stretch and shrink films, polybags, wrapping and interior cushioning products. In addition, the Company distributes and services a wide range of packaging equipment including stretch wrappers, closure systems, auto baggers and conveyer systems.
SupplyOne has developed an innovative solution to address its customers' total packaging needs with the Packaging Management Program ("PMP"). Through the PMP, SupplyOne analyzes a customer's current purchasing and inventory management practices utilizing a proprietary model and determines an optimal procurement strategy. This program significantly reduces a customer's total cost of ownership resulting in significant savings and improved cash flow. In addition, the PMP provides a centralized information system allowing customers to monitor and control their packaging spend.
According to Robert E. Brown, Jr., Managing Partner of MVP, "We are excited to have the opportunity to work with Bill Leith and the outstanding management team at SupplyOne. SupplyOne occupies an important and growing position in the packaging industry, and represents exactly the kind of investment we look for at MVP."
William T. Leith, President and Chief Executive Officer of SupplyOne, stated: "We look forward to working with MVP and Stephens and are very excited about the opportunities this new partnership will provide our company, employees, and customers."
PNC Business Credit underwrote the senior debt financing for the transaction. LBC Credit Partners provided the subordinated debt and made an equity co-investment.