Specialized Packaging Group Acquires Complete Packaging from Spell Family Office

Altamont Capital Partners Acquires Specialized Packaging Group

January 6, 2021

Packaging

Altamont Capital Partners has acquired Specialized Packaging Group, Inc. (SPG) from founder Paul Gaulin. SPG is a vertically integrated manufacturer of protective and engineered packaging (operating the IVEX and Engineered Packaging divisions) with facilities across the U.S., Canada and Mexico; Gaulin is retiring as CEO but will remain on the board as a minority investor and Altamont plans to pursue growth, footprint expansion and potential add-on acquisitions. Terms were not disclosed; financing was provided by Monroe Capital and Churchill Asset Management.

Spell Capital Partners Invests in Complete Packaging

July 10, 2019

Manufacturing

Spell Capital Partners has made a private equity investment in Complete Packaging, partnering alongside the company’s senior management. Complete Packaging, headquartered in Monroe, Michigan, is a supplier of precision engineered corrugated and wood packaging solutions serving automotive and industrial end markets; Spell Capital said it will work with management to expand the business.

Specialized Packaging Group Acquires Specialized Packaging Solutions

July 14, 2021

Packaging

Specialized Packaging Group (SPG), a portfolio company of Altamont Capital Partners, has acquired Bay Area-based Specialized Packaging Solutions (SPS). The deal expands SPG’s Engineered Packaging capabilities, adds roughly 100 employees (who will continue to operate in Newark, California), and coincides with SPS founder and CEO Terry Besso’s retirement.

Specialized Packaging Group Acquires Protective Packaging Solutions

September 7, 2023

Packaging

Specialized Packaging Group (a portfolio company of Altamont Capital Partners) has acquired Protective Packaging Solutions (PPS), a custom designer and fabricator of engineered protective packaging based in Aurora, Colorado. The acquisition expands SPG's engineered packaging capabilities and geographic reach, adding approximately 90 employees to SPG's ~1,600-person workforce; Monroe Capital provided a senior credit facility to support the transaction.

Specialized Packaging Group Acquires Packaging Concepts & Design and Packaging Specialists, Inc.

December 6, 2021

Manufacturing

Specialized Packaging Group (SPG), a portfolio company of Altamont Capital Partners, acquired Packaging Concepts & Design (PC&D) of Troy, Michigan and Packaging Specialists, Inc. (PSI) of Phoenix, Arizona from common owner O2 Investment Partners. The add-on acquisition expands SPG's Engineered Packaging capabilities, adds roughly 100 employees to the combined workforce, and strengthens SPG's engineering, design and manufacturing footprint across North America—particularly in automotive and aerospace end markets.

Specialized Packaging Group Acquires Clark Foam

May 21, 2024

Packaging

Specialized Packaging Group (SPG), a portfolio company of Altamont Capital Partners, has acquired Clark Foam Corporation, a Bolingbrook, Illinois-based custom foam and protective packaging manufacturer. The add-on expands SPG's engineered packaging capabilities and Midwest footprint, adds approximately 50 employees, and sees Clark Foam owner Jim Clark retire from day-to-day operations while remaining on as an advisor for a transition period.