Graham (Re)Capitalizes on Portfolio Company Momentum
October 24th, 2014
PHILADELPHIA, October 22, 2014 – Graham Partners, a private investment firm focused on investing in businesses with advanced manufacturing technologies, innovative product development capabilities, and strong growth potential, is pleased to have completed two recapitalizations this past month, enabling the firm to deliver substantial proceeds back to its investors.
The first recapitalization is the result of a strategic merger of two of Graham Partners’ specialty, rigid packaging platforms, Comar, LLC (“Comar”) and Convergence Packaging Holdings, LLC (“Convergence”). The combined company, which will operate under the Comar name, furthers Graham’s vision to build a leading, mid-sized, specialty packaging and dispensing provider serving high touch customers and markets. The company focuses on plastic dosing, dispensing, and packaging solutions, with the majority of its customers participating in attractive and relatively stable pharmaceutical, nutraceutical, and food markets. Graham Partners intends to undertake a full integration of the two previously independently run businesses, and believes the combined company will benefit from significant growth opportunities driven by an expanded geographic reach, strong health and wellness market presence, and enhanced business development and customer service capabilities.
The second recapitalization was completed by Henry Company (“Henry”), a leading manufacturer of roofing and building envelope systems. The company’s commitment to research and development has led to the introduction of cutting-edge products and technologies that improve a structure’s energy efficiency, sustainability, and livability. Henry is reaping the benefits of a recently completed strategic add-on acquisition, substantial new product orders – including a recent major new customer win – and a strong pipeline of innovative products that are in the process of being commercialized.
The strategic merger and recapitalization of Comar and Convergence, coupled with the recapitalization of Henry, strengthen what has already been a very active year for Graham Partners. In the last twelve months, the firm has completed four new platform investments and eight strategic add-on acquisitions, and has exited four portfolio companies.
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