Tilia Holdings Acquires Proven Partners Group
February 22, 2019
Chicago-based private investment firm Tilia Holdings completed its investment in Proven Partners Group (PPG), an Elgin, Illinois-based contract manufacturer and packager of dried and powdered foods, on February 22, 2019. Tilia has installed leadership and board members (Dave Nelson as interim CEO; Suley Muratoglu as President; Ron Markle as CFO) and secured debt financing from LBC Credit Partners to support PPG's growth.
- Buyers
- Tilia Holdings
- Targets
- Proven Partners Group
- Industry
- Food & Beverage
- Location
- Illinois, United States
- Transaction Type
- Buyout
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