Paladin Holdings (Makai Capital-backed) Acquires Ultra-Pak, Inc.

Massman Companies Acquires Ultra Packaging

January 26, 2023

Packaging

Massman Companies, a packaging machinery manufacturer based in Villard, Minnesota, has acquired Ultra Packaging Inc., a Chicago-based designer of vertical and horizontal automated cartoning machines. Granite Partners assisted Massman in the transaction; the acquisition expands Massman's product portfolio to offer full-line packaging solutions including cartoning, shrink wrapping, and case packing.

Makai Capital Partners, with CFB and Konza Valley, Acquires New Life Chemical (adds to Paladin Holdings platform)

November 7, 2023

Manufacturing

Makai Capital Partners, together with Capital For Business, Inc. and Konza Valley Capital, has acquired New Life Chemical & Equipment, Inc. of Greenville, South Carolina. The transaction is the first add-on to Makai's specialty chemical manufacturing platform, Paladin Holdings, and includes subordinated debt and equity from CFB and Konza while management remains with the company.

ACR (AmerCareRoyal) Acquires Mat-Pac, Inc.

October 9, 2024

Packaging

ACR (AmerCareRoyal), a portfolio company of HCI Equity Partners, has acquired Mat-Pac, Inc., a supplier of paper, plastic, aluminum and sustainable packaging solutions for the North American foodservice and janitorial/sanitation markets. The add-on strengthens ACR's product portfolio, expands its reach across foodservice and JanSan end markets, and retains the Mat-Pac leadership (the Jimenez family) in an ongoing role.

Palladium Equity Partners Acquires Accupac, Inc.

January 22, 2020

Manufacturing

Palladium Equity Partners has acquired Accupac, Inc., a U.S.-based contract manufacturer and packager of personal care and beauty products, from J.H. Whitney Capital Partners. Accupac operates FDA-registered, cGMP-compliant facilities in Mainland, Pennsylvania and Lakewood, New Jersey, employs roughly 600 people and generated over $200 million in revenue in 2019; Palladium says it will support growth through product innovation, new account penetration and M&A.

Paladin Holdings Acquires Texize, Inc.

November 30, 2023

Manufacturing

Paladin Holdings LLC, a portfolio company backed by Makai Capital Partners (with equity from Capital For Business, Inc. and Konza Valley Capital, Inc.), has acquired Texize, Inc., a Greenville, South Carolina-based manufacturer of industrial and commercial cleaning products. The deal is an add-on to Paladin's industrial products portfolio intended to strengthen product offerings and increase production capacity across Texize's regional customer base.

PPC Acquires NaturPak

January 6, 2026

Food & Beverage

PPC, a family investment firm based in Chicago, has acquired NaturPak, a Janesville, Wisconsin-based co-manufacturer of bone broths, soups, sauces, wet pet food and ingredient products. NaturPak's CEO Aaron Jackson will continue to lead the business as PPC supports growth through investments in R&D, product development, capability expansion and new packaging formats; terms were not disclosed.