M&A Deal Summary

Tilia Holdings Acquires Proven Partners Group

On April 5, 2019, private equity firm Tilia Holdings acquired packaging company Proven Partners Group

Acquisition Highlights
  • This is Tilia Holdings’ 1st transaction in the Packaging sector.
  • This is Tilia Holdings’ 4th transaction in the United States.
  • This is Tilia Holdings’ 1st transaction in Illinois.

M&A Deal Summary

Date 2019-04-05
Target Proven Partners Group
Sector Packaging
Buyer(s) Tilia Holdings
Deal Type Buyout (LBO, MBO, MBI)

Target

Proven Partners Group

Elgin, Illinois, United States
Proven Partners Group provides outsourcing and contract manufacturing/packaging capabilities to consumer packagedgoods and food companies. Proven Partners Group was founded in 2004 and is based in Elgin, Illinois.

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Buyer(S) 1

DESCRIPTION

Tilia Holdings is a private equity firm focused on investing in outsourced business-to-business services providers that serve the food industry. Specific areas of interest include companies that offer regulatory compliance, quality, supply chain integrity or food safety services. The Firm targets companies with at least $10 million of revenue and at least $5 million of EBITDA. Tilia Holdings was established in 2017 and is headquartered in Chicago, Illinois.


DEAL STATS #
Overall 5 of 9
Sector (Packaging) 1 of 1
Type (Buyout (LBO, MBO, MBI)) 3 of 3
State (Illinois) 1 of 1
Country (United States) 4 of 8
Year (2019) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2018-11-27 Universal Pure

Lincoln, Nebraska, United States

Universal Pure is a provider of outsourced high-pressure processing (HPP), cold storage and pre-HPP and post-HPP value-added services to help food and beverage companies safely bring longer-lasting, cleaner-label products to market. Universal Pure was founded in 2001 and is based in Lincoln, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-14 Ellison Bakery

Fort Wayne, Indiana, United States

Ellison Bakery is a producer of cookies, snack bars, crunch and inclusion, and other products for the industrial market, foodservice industry, and retail and private label space. Ellison Bakery was founded in 1945 and is based in Fort Wayne, Indiana.

Buy -