CHS Capital Completes Sale of TricorBraun Holdings, Inc.
Chicago, IL, November 30, 2016 - Chicago-based private equity firm CHS Capital™ has completed the sale of TricorBraun Holdings, Inc. (“TricorBraun”), a portfolio investment of CHS Private Equity V LP. Headquartered in St. Louis, Missouri, TricorBraun is one of the largest distributors of plastic and glass rigid packaging solutions in North America. CHS invested in TricorBraun in July 2006.
CHS worked closely with management to execute an investment management strategy focused on accelerating organic growth through investments in human capital, operating infrastructure, and product and service offerings. During CHS’s investment period, TricorBraun completed five acquisitions to enhance its North American and European presence and organically expanded its footprint into Europe, China, Hong Kong, Mexico and India. “Keith Strope and his team have built an outstanding company which is well-positioned to take advantage of future opportunities within the packaging industry. We are thankful for their hard work and dedicated leadership over our nearly 16 years of partnership across two investment periods. We wish them continued success with their new partner,” said Dave Hawkins, Partner at CHS.
“CHS actively supported our efforts to strengthen our business model and continue our industry consolidation which were instrumental to driving our profitable growth,” said Keith Strope, CEO of TricorBraun. “We are grateful to CHS for all of the help and support they provided to get us to this point.”
Harris Williams & Co. and Moelis & Company served as financial advisors to TricorBraun, and Kirkland & Ellis LLP, Sidley Austin LLP and Husch Blackwell LLP served as legal advisors.
Founded in 1902, TricorBraun is the home for many firsts in rigid packaging distribution. TricorBraun began an industry consolidation with a series of strategic acquisitions in the mid 1990’s. TricorBraun was the first to incorporate advanced design and engineering capabilities into the packaging supply process. TricorBraun was the first organization to move distribution beyond simply supplying a commodity to forging customer relationships based on consultative packaging capabilities. As one of the largest suppliers of plastic and glass containers, closures, dispensers and tubes in the world, TricorBraun has over 40 locations throughout North America and internationally, including London; Guangzhou, China; Hong Kong and Mumbai, India. TricorBraun supplies billions of containers and closures to thousands of businesses worldwide. The 400-plus packaging professionals are focused on their customers’ growth by helping them bring new and existing products to market efficiently.
TricorBraun’s award-winning Design and Engineering Centers provide customers unique consumer insights, understanding of the markets and creative solutions. In addition, TricorBraun’s advisory services range from preliminary planning and manufacturing oversight to an array of innovative warehousing and logistics programs.
CHS Capital is a Chicago-based private equity firm with over 25 years of experience investing in the middle market. Through partnerships with strong management teams, CHS Capital aims to accelerate earnings growth and drive value creation through human capital initiatives, performance improvement actions and strategic growth initiatives. Throughout its history, CHS Capital has made investments in over 400 businesses and invested $2.9 billion of capital. For additional information, please visit