Private Equity LOVES Labels – August 2016 M&A Activity
It’s a love affair - private equity firms are hot for printing companies that specialize in prime labels and flexible packaging. AEA Investors, a New York City-based private equity fund, announced that it was adding to its holding in the label printing segment with the addition of three companies to be bolted-on to its portfolio platform company Inovar Packaging Group which the fund acquired earlier this year. The triple-play acquisition brings Murray Label & Packaging in Dallas, Texas, 21st Century Labels & Packaging in Davie, Florida and SafePrints in Miami, Florida into the Inovar Packaging Group. The acquired companies produce custom prime pressure sensitive labels, printed shrink sleeves, cartons and flexible packaging. AEA Investors is a very senior member in the PE world, with lineage going back to 1968, and American aristocrat founders including the Rockefeller, Mellon, and Harriman families. The firm has approximately $10 billion in assets under management with offices on three continents. They clearly like the label business.