M&A Deal Summary

Harvest Partners Acquires Fortis Solutions Group

On October 15, 2021, private equity firm Harvest Partners acquired packaging company Fortis Solutions Group from Main Post Partners

Acquisition Highlights
  • This is Harvest Partners’ 1st transaction in the Packaging sector.
  • This is Harvest Partners’ 58th transaction in the United States.
  • This is Harvest Partners’ 2nd transaction in Virginia.

M&A Deal Summary

Date 2021-10-15
Target Fortis Solutions Group
Sector Packaging
Buyer(s) Harvest Partners
Sellers(s) Main Post Partners
Deal Type Secondary Buyout
Advisor(s) BMO Capital Markets (Financial)
Morrison & Foerster (Legal)

Target

Fortis Solutions Group

Virginia Beach, Virginia, United States
Fortis Solutions Group is a provider of pressure sensitive labels, flexible packaging, shrink sleeves, folding cartons, and label applicators. Fortis Solutions Group was founded in 1979 and is based in Virginia Beach, Virginia.

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Buyer(S) 1

Buyer

Harvest Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 5.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Harvest Partners is a Investment firm provides Private Equity and Structured Capital focused on buyout, growth capital, minority position, and non-control investments in middle-market public and private companies. Harvest Partners looks to invest in profitable ($30 to $300 million of EBITDA). Sectors of interest include business services, consumer services, healthcare, industrial services, manufacturing, marketing, building products and distribution companies valued between $100 and $1000 million. The Firm prefers opportunities headquartered in North America. Harvest Partners was formed in 1981 and is based in New York City.


DEAL STATS #
Overall 62 of 71
Sector: Packaging M&A 1 of 1
Type: Secondary Buyout M&A Deals 30 of 35
State: Virginia M&A 2 of 2
Country: United States M&A 58 of 67
Year: 2021 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-07-08 Neighborly

Waco, Texas, United States

Neighborly is a home services franchisor of 25 service brands (including Neighborly umbrella service brand) and more than 4,000 franchise owners serving 10 million+ customers in nine countries, focused on repairing, maintaining and enhancing homes and businesses. Neighborly was founded in 1981 and is based in Waco, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-13 ReSource Pro

New York City, New York, United States

ReSource Pro is a provider of outsourced business process management solutions within the property & casualty insurance market. The Company provides administrative services across the insurance policy lifecycle for brokers, managed general agents, carriers and third-party administrators. ReSource Pro was founded in 2003 and is based in New York City, New York.

Buy -

Seller(S) 1

SELLER

Main Post Partners

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 2014
PE ASSETS 3.7B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Main Post Partners is a private equity firm focused on investing $50 to $250 million in high-growth companies across the consumer value chain. Main Post Partners invests in both majority and minority positions primarily in first institutional capital situations where founders, entrepreneurs and management teams are looking for an partner to help build their companies. Main Post Partners was established in 2014 and is headquartered in San Francisco, California.


DEAL STATS #
Overall 3 of 5
Sector: Packaging M&A 1 of 1
Type: Secondary Buyout M&A Deals 3 of 3
State: Virginia M&A 1 of 1
Country: United States M&A 3 of 5
Year: 2021 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-05-13 Nulo Pet Food

West Lake Hills, Texas, United States

Nulo Pet Food is a premium pet food brand with recipes that are high in meat protein, grain-free, have low glycemic carbohydrates, and contain a patented probiotic for immune and digestive health. Nulo Pet Food was formed in 2009 and is based in West Lake Hills, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-15 Milk Makeup

New York, New York, United States

Milk Makeup is an award winning color cosmetics line from the visionary co-founders of Milk Studios, Mazdack Rassi, Erez Shternlicht and Moishe Mana. Milk has been at the cultural intersection of the fashion, music photography and film worlds and is a hub for nurturing creativity. In 2016, Milk launched its first consumer product line, Milk Makeup, which has rapidly grown as the leader of a pack of new rebellious, upstart indie brands. Milk Makeup was founded by Milk's Mazdack Rassi and his co-founders, along with Dianna Ruth, Georgie Greville and Zanna Roberts Rassi.

Sell -