News
Fort Dearborn Advises Packaging Specialists in Sale to Hadley Capital
Chicago, Illinois - April 30, 2008
Packaging Specialists, Inc. Southwest ("PSI" or “Company”) announced today that the Company has been sold to Hadley Capital. PSI designs and manufactures custom protective packaging solutions for industrial manufacturing companies located in the southwestern United States. The Company is highly regarded for its market leadership in product design coupled with unsurpassed foam fabrication expertise and consequently enjoys leading market share in its geographic market. PSI sells products primarily to leading aerospace, semiconductor, broadband/telecommunications, electronics and defense manufactures located in Arizona's high tech corridor.
Fort Dearborn served as PSI’s exclusive investment banker in this transaction. As the advisor to PSI, Fort Dearborn was able to generate numerous management visits and proposals to acquire the Company, which ultimately led to an attractive all-cash offer for PSI. Further, Fort Dearborn negotiated a long term lease of PSI’s facility, which was retained by PSI’s owners.
About Fort Dearborn Advisors LLC
Fort Dearborn Advisors provides mergers and acquisitions advisory, debt and equity placements and financial restructuring services to companies with enterprise values above $10 million. Fort Dearborn has a wealth of experience and dedicated transaction groups in select industries including Automotive & Transportation Equipment, Business Services, Consumer Products & Retail, Food Processing & Distribution, Distribution, Industrial Growth, Metal Processing and Packaging & Printing.
Fort Dearborn's clients include many leading privately held companies, private equity firms and public corporations.
About Hadley Capital
Hadley Capital is a private equity firm focused exclusively on investing in or acquiring small, established companies. The firm partners with successful small business owners and manager to help them continue to grow their companies. Typically Hadley considers acquiring companies with revenue between $5.0 million and $20.0 million and EBITDA between $1.0 million and $3.0 million.
