New State Capital Partners Takes Majority Stake in Wilmington Paper

New State Capital Partners Acquires Majority Stake in CDS

August 22, 2019

IT Services

New State Capital Partners acquired a majority stake in CDS (Computer Data Source), a provider of multi-vendor data center hardware maintenance and support. New State will back CDS' growth and pursue service diversification and add-on acquisitions while CDS' management team (including several senior executives) remain involved; terms were not disclosed.

H.I.G. Capital Acquires Jackson Paper Manufacturing and Sustainable Corrugated

September 1, 2021

Packaging

H.I.G. Capital has completed the acquisition of Jackson Paper Manufacturing and Sustainable Corrugated (JPM). JPM, headquartered in Sylva, North Carolina, is a vertically integrated manufacturer of 100% recycled corrugated packaging operating four facilities and employing more than 200 people; H.I.G. will partner with management to accelerate the company's growth and expand its sustainable packaging capabilities.

Foundation Investment Partners / Sustainable Packaging Acquires Paper Converters, Inc.

January 30, 2026

Manufacturing

Foundation Investment Partners (FIP), via its platform Sustainable Packaging, LLC, has acquired Paper Converters, Inc., a Walterboro, South Carolina manufacturer of spiral wound paper tubes, edge board and sheeting. The acquisition is an add-on to FIP's Sustainable Packaging platform and is intended to drive collaboration with sister company Amspak, improve supply chain continuity, and expand capability in sustainable paper packaging for textile and industrial customers in the Southeastern U.S.

Sky Island Capital Acquires Pacific Paper Tube Inc

July 18, 2024

Manufacturing

Sky Island Capital, a Dallas-based lower middle market private equity firm, has made a majority investment in Pacific Paper Tube Inc., a Stockton, California-based manufacturer of sustainable paper tubes and cores. The deal establishes Pacific Paper Tube as Sky Island's first platform investment in its second fund and is intended to support geographic expansion, operational growth, and add-on acquisition activity while partnering with the founding Wallace family and management.

Monomoy Capital Partners Acquires Mac Papers, Inc.

March 13, 2020

Industrial Services

Monomoy Capital Partners, a private equity firm, has acquired Mac Papers, Inc., Mac Paper Converters, Inc. and All Square Digital Solutions, Inc., a leading regional distributor of paper, packaging, envelopes and wide-format products headquartered in Jacksonville, Florida. Mac Papers operates across the Southeastern United States with approximately $600 million in annual sales and roughly 950 employees; Monomoy said it will partner with management to grow the business and advance strategic and operational initiatives.

Curewell Capital Majority Investment in Wilmington PharmaTech

October 21, 2025

Pharmaceuticals

Los Angeles-based private equity firm Curewell Capital has made a majority investment in Wilmington PharmaTech (WPT), a U.S.-based specialty CRDMO focused on small-molecule API development and manufacturing. Founder and CEO Hui-Yin "Harry" Li will retain a significant ownership stake and remain as CEO; the capital will be used to expand WPT's U.S. manufacturing capacity, including HPAPI suites, and scale end-to-end API development and manufacturing capabilities.