Mesirow Advises Prairie State Group on its Sale to ProAmpac
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Prairie State Group is a premier provider of flexible packaging solutions ranging from mid-web laminated products to pressure sensitive labels for a variety of North American end markets
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The partnership will augment ProAmpac’s growing platform
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Successful transaction highlights Mesirow’s expertise and relationships within the flexible packaging sector
CHICAGO, March 1, 2022 – Mesirow, an independent, employee-owned financial services firm, today announced it acted as the exclusive financial advisor to Prairie State Impressions LLC (“Prairie State Group” or the “Company”) on its sale to ProAmpac, a leader in flexible packaging and material science and portfolio company of Pritzker Private Capital.
Headquartered in Franklin Park, IL, Prairie State Group is a premier provider of flexible packaging solutions ranging from mid-web laminated products, such as stand-up pouches and wrappers, to pressure sensitive labels for a variety of end markets in North America, including food & beverage, tobacco & cannabis and industrials. As one of a number of limited printers in the world to be certified under SQF Ed. 8 food safety standards, the Company provides best-in-class products and services to its dedicated customers to protect and enhance their brands. Prairie State Group’s proven business model and vast product offerings will augment ProAmpac’s growing platform within the flexible packaging industry.
“Mesirow’s expertise and relationships within the flexible packaging space were invaluable throughout this transaction. The team’s industry knowledge and work ethic translated into a highly efficient and swift process, securing the ideal outcome for Prairie State Group and its shareholders in a matter of months,” said Graham Redding, President of Prairie State Group.
Louis Mitchell, Managing Director of Mesirow Investment Banking, commented, “We appreciated the opportunity to represent Prairie State Group during this process and to continue our ongoing relationship with ProAmpac. As a leader in its field for more than 30 years, we believe the Company is a strong addition to ProAmpac’s platform and that ProAmpac is committed to investing in Prairie State Group’s significant growth opportunities.”
The sale of Prairie State Group to ProAmpac 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 more than 150 transactions over the past 20 years, including more than 45 transactions in the flexible packaging sector. 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 100 RIA firms by Barron’s.
About Prairie State Group
Prairie State Group provides collaborative flexible packaging solutions, ranging from mid-web laminated products such as stand-up pouches and bar wrappers to pressure sensitive labels. The Company holds extensive Food Safety and Quality certifications and boasts in-house pre-press, plate making, and creative services departments. PSG is focused on offering small to large quantity runs with the extensive packaging resources to build ad enhance its customers’ brands. Learn more at psglabels.com.
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Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow investment vehicle(s). Mesirow Financial, Inc. is not affiliated with Prairie State Impressions LLC, ProAmpac, Pritzker Private Capital, or their affiliates. Past performance is not indicative of future results. Mesirow refers to Mesirow Financial Holdings, Inc., and its divisions, subsidiaries, and affiliates. The Mesirow name and logo are registered service marks of Mesirow Financial Holdings, Inc. © 2022. All rights reserved. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.