#USA #Chicago #Mesirow #Gravis #Procon Pacific

Mesirow Advises Gravis on Strategic Acquisition of Procon Pacific

In a significant development for the packaging industry, Mesirow, an independent financial services firm based in Chicago, has announced its role as the exclusive financial advisor to Gravis, a company within the New Water Capital portfolio, during the acquisition of Procon Pacific. This acquisition marks another milestone in Mesirow's proven track record within the packaging sector, which has seen it successfully complete over 220 transactions in the past quarter-century.

Gravis has established itself as a leading provider of bulk transportation packaging solutions across North America. The company's impressive product portfolio includes flexible intermediate bulk containers (FIBCs), bulk liners, and other engineered packaging materials. Gravis caters to a diverse array of industries such as food, agriculture, pharmaceuticals, and chemicals, ensuring that its offerings meet the demands of its various clientele.

Vishal Rao, CEO of Gravis, expressed gratitude towards Mesirow for their deep industry knowledge and guidance that contributed significantly to the acquisition's success. He noted, “The deep industry expertise and thoughtful guidance provided by Mesirow throughout this process were instrumental in achieving a successful outcome for Gravis. Their partnership and execution helped ensure a smooth transaction and positioned the Company well for continued growth.”

Matt Carlos, a Principal at New Water Capital, shared his excitement regarding the strategic fit of Procon Pacific within Gravis. “Procon Pacific brings complementary expertise and relationships that enhance Gravis's value proposition. We are excited about the growth opportunities this combination creates for customers and the broader organization.” The transaction is expected to enhance Gravis's capabilities, providing comprehensive solutions and increased value to its clients.

Rick Weil, Managing Director and Co-Head of Packaging at Mesirow Investment Banking, emphasized the strategic significance of this transaction, stating, “We believe this acquisition strengthens Gravis's capabilities in the bulk transportation packaging market and positions the combined organization to deliver enhanced value, scale, and solutions to customers across its core end markets.”

The successful integration of Procon Pacific into Gravis aligns with both companies' visions of creating a robust, market-leading platform that will yield significant growth potential in the packaging sector.

About Mesirow: Founded in 1937, Mesirow is an independent financial services firm known for its employee-owned structure. Headquartered in Chicago, the firm offers a range of services including investment banking, capital markets, and advisory solutions. Mesirow's commitment to a personalized approach and social responsibility has earned it recognition as one of the best workplaces in Chicago.

About Gravis: With its extensive range of engineered bulk transportation packaging solutions, Gravis operates as North America's largest provider in this sector. The company collaborates with customers to create tailored solutions suitable for various industries, ensuring optimal delivery and product protection throughout the supply chain.

About New Water Capital: New Water Capital is a private equity firm dedicated to investing in lower-middle-market companies within the consumer products and industrial manufacturing sectors. The firm emphasizes a collaborative approach, focusing on supporting transitional companies while leveraging their unique strengths and cultures.

This acquisition exemplifies Mesirow's dedication to facilitating growth within the packaging industry while strengthening its clients' market positions. Through their comprehensive advisory services, Mesirow continues to play a pivotal role in shaping successful transactions and supporting clients' long-term goals.