Tamarix Capital Partners II, L.P. (“Tamarix” or “TCP”) announced that it has provided financing in support of a private equity firm (“Sponsor”) and management team’s majority recapitalization of MPS Packaging Inc. (“MPS” or the “Company”), a leading custom packaging service provider to large confectionery, tissue paper, and school meal companies.
Founded in 1999, MPS has developed a strong reputation as a fulfillment and co-packing partner. The Company provides a variety of packaging services including custom vertical form, fill & seal, vertical and horizontal wrapper, modular display assembly, tissue converting, automated boxing, and confectionery cup, jar and tub filling. Over the past decade MPS has achieved incredible growth and increased volumes, with new business won from Fortune 500 and leading confectionary, tissue paper, and school meal customers.
Mark Hauser, Managing Partner at Tamarix, said “We are thrilled to partner with the MPS management team and the Sponsor to support the growth strategy of the Company, building on its strong reputation as a value-added packaging supplier.”
About Tamarix Capital Partners II, L.P. – TCP works with business owners and management teams, as well as independent sponsors, family offices and private equity sponsors to finance growth strategies, changes of control transactions, acquisitions, and recapitalizations. We provide debt and minority equity investments to companies with $3 – $15 million of EBITDA and typically invest $5 – $20 million in each business, with the ability to lead larger transactions. TCP is part of the Tamarix platform, which was founded in 1993, and is managed by seasoned investment professionals that have cumulatively invested over $3.5 billion in more than 225 companies.