• MedLit is a leader in packaging and printing solutions serving the pharmaceutical, healthcare and education end market
• The transaction executed by Mesirow highlights the firm’s expertise within the pharmaceutical packaging space

CHICAGO, October 27, 2022 – Mesirow, an independent, employee-owned financial services firm, announced it acted as exclusive financial advisor to MedLit Solutions (“MedLit” or the “Company”), a portfolio company of CORE Industrial Partners, on its sale to Resource Label Group, LLC (“Resource Label”), a portfolio company of Ares Management Corporation.

Founded in 1986, MedLit offers a broad range of packaging, labeling, printing, design, and fulfillment capabilities primarily for pharmaceutical and healthcare applications. The Company serves a loyal customer base comprised of branded and generic pharmaceutical companies, emerging biotech application developers, healthcare service providers, and higher education institutions. Operating out of two locations on the eastern seaboard in New Jersey and North Carolina, MedLit conforms to a variety of rigorous customer and industry standards and holds several key certifications and compliance designations, including ISO:15378 and ISO:9001. 

Kevin Grogan, CEO of MedLit, said, “Mesirow’s exemplary guidance throughout this transaction was indispensable. Mesirow’s relationships and deep understanding of the packaging industry were instrumental in identifying the ideal partner for MedLit.  We are very excited to be moving forward as part of the Resource Label Group family as a result of this transaction.”

“Mesirow served as a trusted advisor to us and the MedLit team throughout the process. The Mesirow team’s industry expertise, work ethic and process guidance translated into a highly efficient process and successful outcome for all parties involved,” added John May, Managing Partner of CORE Industrial Partners. “We are proud of the accomplishments MedLit achieved during our ownership and look forward to their continued success under Resource Label Group’s ownership.”

Melanie Yermack, Managing Director at Mesirow, said, “It was an honor to advise CORE Industrial Partners and MedLit, a truly exceptional, high-growth business.” Rick Weil, Managing Director at Mesirow added, “MedLit is a best-in-class partner to their broad base of customers, and we look forward to watching their continued success. This transaction will enable MedLit to continue to expand their capabilities and further position themselves as a single-source-solution supplier to their core end markets.”

The sale of MedLit to Resource Label Group represents another successful assignment completed by Mesirow Investment Banking. Mesirow is one of the most active advisors in the paper, plastics, and packaging sectors, having completed over 175 transactions in recent years. Committed to leveraging extensive sector-specific expertise across industry groups and nurturing deep long-standing relationships, Mesirow has a proven track record of completing highly tailored and successful transactions on behalf of clients.

About Mesirow 

Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities, and our culture. To learn more, visit mesirow.com and follow us on LinkedIn.

Mesirow was recently named one of the Best Places to Work in Chicago by Crain’s Chicago Business and one of the Top Workplaces by the Chicago Tribune.

About MedLit Solutions

MedLit Solutions is a full-service provider of pharmaceutical packaging and printing services, offering a broad range of secondary packaging, labeling, printing and fulfillment solutions. The Company provides turnkey design, packaging, printing, cutting, gluing and bindery services on an order-by-order basis. MedLit Solutions serves a broad base of customers in the pharmaceutical industry, including specialized brand-name pharmaceutical application providers and emerging generic pharmaceutical companies. The Company operates out of two state-of-the-art facilities in New Jersey and North Carolina, with over 140,000 square feet of manufacturing and fulfillment space. For more information, visit www.medlitsolutions.com.

About Resource Label Group

Resource Label Group, LLC is a leading pressure sensitive label, shrink sleeve and RFID/NFC manufacturer with diverse product offerings for the food, beverage, chemical, household products, personal care, nutraceutical, pharmaceutical, medical device, and technology industries. With twenty-three manufacturing locations across the U.S. and Canada, Resource Label Group provides national leadership and scale to deliver capabilities, technologies, systems, and creative solutions that customers require. Headquartered in Franklin, TN, Resource Label Group employs over 1,900 associates in the U.S. and Canada. Resource Label Group is a portfolio company of Ares Management Corporation. For additional information, visit www.resourcelabel.com.