#USA #Eagan #Crestview Partners #Smyth Companies #Labeling Solutions

Crestview Partners Expands Its Portfolio with Acquisition of Smyth Companies

Crestview Partners, a notable player in the private equity sector, has officially acquired Smyth Companies, a distinguished leader in pressure sensitive labels and custom packaging solutions. This strategic move underscores Crestview's commitment to bolstering its investments in the labeling industry, which has seen increasing demand due to consumer trends. The acquisition, finalized in Eagan, Minnesota, not only enhances Crestview’s portfolio but also aims to stimulate Smyth's growth trajectory through significant organic investments and strategic mergers and acquisitions.

Smyth Companies has built a strong reputation for providing a range of labeling products, including shrink sleeves, glue-applied labels, and in-mold labels, prominently serving various high-value sectors, such as household products, food, health and beauty, and automotive aftermarket segments. By leveraging its extensive printing capabilities and client-centric approach, Smyth has established long-term partnerships with major brands, ensuring consistent service and product quality.

Scott Fisher, the President and CEO of Smyth, expressed optimism about the acquisition. He emphasized the company’s dedication to delivering exceptional quality and service, believing that Crestview's extensive experience will support Smyth’s ambitious expansion plans. This sentiment was echoed by Bradford Williams, Partner and Co-Head of Industrials at Crestview, who highlighted Smyth’s robust position in the market, which is reinforced by its innovative practices and exceptional product quality.

With over 500 employees and operations across multiple states, Smyth's national presence enables it to compete with some of the largest players in the industry. Crestview’s additional financial backing is expected to facilitate Smyth’s aspiration for further growth through tuck-in acquisitions and transformational deals, thereby diversifying its capabilities even further.

As part of this acquisition strategy, Crestview aims to enhance Smyth's scale and drive innovation within the labeling sector, creating more value for its existing customers and expanding its clientele. In particular, the focus will be on improving product designs and increasing operational efficiencies, allowing Smyth to adapt to the fast-changing requirements of its consumer goods partners.

Prior to the acquisition, Smyth was backed by Novacap, which controlled the label company for several years, providing the necessary operational improvements necessary for its growth. As Novacap transitions out of its role, it acknowledges the success achieved under its management while expressing confidence that Smyth will continue to thrive in conjunction with Crestview.

The acquisition highlights trends in the packaging industry where consumer demands for sustainability and innovation are on the rise. As an established player, Smyth is well equipped to navigate these challenges, ensuring its ongoing success. With Crestview’s partnership, the firm is expected to further solidify its standing in the market and maintain its reputation as a leading provider of labeling solutions.

Conclusion

Crestview Partners’ acquisition of Smyth Companies signals a strong investment in enhancing label and packaging capabilities which are essential to staying relevant in today’s competitive landscape. Both companies are enthusiastic about the future, anticipating new opportunities and continued success while transforming how labeling solutions are implemented in various industries. Investors and clients alike will be watching closely as Smyth embarks on this new journey under Crestview's guidance.