Mesirow Advises Intertech Corporation On Its Sale To Pretium Packaging, LLC, A Portfolio Company Of Genstar Capital, LLC
CHICAGO, February 26, 2015 – Mesirow Financial acted as the exclusive financial advisor to Intertech Corporation (“Intertech” or the “Company”) on its sale to Pretium Packaging, LLC (“Pretium”), a leading plastic container and closure manufacturer and a portfolio company of San Francisco-based private equity firm, Genstar Capital, LLC.
Headquartered in Greensboro, North Carolina, the Company manufactures high quality blow molded plastic containers. Intertech serves the specialty chemical, personal healthcare, institutional and household products markets, among others. The Company has a distinguished track record of providing superior products and services to its impressive customer base.
Jack Worsham, founder of Intertech commented, “Mesirow Financial’s expert guidance and unwavering support from start to finish was instrumental in securing a successful outcome for the Company’s shareholders.” Fellow shareholders and management team members, Len Worsham and Jim Sitton, commented, “Intertech is thrilled to have a partner like Pretium who is committed to continued growth.”
Rick Weil, managing director of Mesirow Financial’s Investment Banking group said, “Mesirow Financial was honored to represent the shareholders of Intertech. We believe the Company’s unique expertise, coupled with its strong position in highly attractive end-markets, presents an exciting future. Pretium is an ideal steward for Intertech’s next phase of growth.”
The transaction represents another successful assignment completed by Mesirow Financial's Investment Banking group. Mesirow Financial is one of the most active advisors in the paper, plastics, packaging and specialty printing sectors, having completed over 100 transactions in recent years.
About Intertech Corporation
Since 1974, Intertech has been producing quality blow molded plastic bottles and containers. Intertech is a turn-key rigid packaging provider offering initial product and mold design, manufacturing, decorating, warehousing and shipping. Intertech serves specialty chemical, personal healthcare, institutional and household products markets, among others. Major corporate customers with national brands involving millions of bottles annually depend on Intertech’s quality, value and dependability. For more information, please visit intertechcorp.com.
About Pretium Packaging, LLC
Pretium Packaging is a leading U.S. provider of customized, short-to-medium volume, rigid plastic packaging solutions. The Company manufactures bottles, containers and closures for the food and specialty beverage, personal care, household products, industrial and pharmaceutical end markets. Pretium serves its customers through eleven facilities across the U.S. and Canada and is based in St. Louis, Missouri. For more information, please visit pretiumpkg.com.
About Genstar Capital, LLC
Genstar Capital is a San Francisco-based private equity firm that invests in leading middle-market companies. The company focuses on investing in the healthcare, software, financial services and industrial technology markets. For more information, please visit gencap.com.
About Mesirow Financial
Mesirow Financial is a diversified financial services firm headquartered in Chicago. Founded in 1937, it is an independent, employee-owned firm with approximately 1,200 employees globally. With expertise in Investment Management, Global Markets, Insurance Services and Consulting, Mesirow Financial strives to meet the financial needs of institutions, public sector entities, corporations and individuals. For more information, visit mesirowfinancial.com.