NORWALK, Conn., Nov. 6, 2024 /PRNewswire/ — Heartwood Companions is happy to announce that on November 4, 2024, Heartwood Companions II, LP (“Fund II”) and affiliated entities bought Outlook Workforce, LLC (“Outlook” or the “Company”), a trade unit of Treasure II platform M&Q Holdings LLC.
Headquartered in Neenah, WI, Outlook is a well-known supplier of labels, changing, and packaging answers serving the meals, scientific, and client staples markets. As well as, Outlook’s Built-in Packaging category supplies entire provide chain answers, lowering shoppers’ prices and complexity through consolidating conventional multi-step packaging processes right into a unmarried touchpoint.
Below Heartwood Companions’ possession, Outlook built-out a robust leadership crew and invested closely in its production functions, together with virtual Domino label presses, extremely thin-film label changing, and an upgraded Radius ERP gadget. Those investments generated robust monetary effects, with Outlook’s EBITDA greater than tripling right through Heartwood’s accumulation duration.
Outlook’s CEO, Mike Jansen, commented: “In partnership with Heartwood Partners, Outlook has developed into the preferred supplier of label, converting, and packaging solutions for our customers. Heartwood’s commitment to using a healthy corporate balance sheet enabled us to invest in people and processes and simultaneously drive growth and improve the overall customer experience. We are excited for the next phase of Outlook’s growth.”
Mark Allsteadt, Managing Spouse at Heartwood Companions said: “We are proud of what we have achieved together with Outlook Group. Through our partnership, we have helped accelerate Outlook Group’s growth, strengthen its market position, and drive innovation. This successful exit underscores the value of our low-leverage strategy and commitment to building industry-leading companies. We’re excited to watch Outlook Group continue to thrive and build on the strong foundation we’ve established together.”
Finn Dixon & Herling LLP served as prison consultant and BMO Capital Markets served as monetary aider to Outlook Workforce and its buyers.
Heartwood Companions, a center marketplace non-public fairness company based in 1982, is differentiated through a singular lower-leverage, wave money surrender manner designed to form partnership with proceeding leadership. Our manner combines a conservative capital construction with strategic execution to help long-term expansion, together with natural and acquisition-driven enlargement into pristine merchandise, products and services, and finish markets. As well as, we help each and every leadership crew with our in-house Worth Initiation Experts who serve deep, subject-matter experience in strategic disciplines reminiscent of eCommerce and virtual advertising and marketing, human capital and organizational design, and IT development and acquisition integration. We lately govern over $1.4 billion in investments and constancy as of 12/31/23, and our principals have invested in additional than 100 platform and add-on acquisitions. Heartwood is lately making an investment from Heartwood Companions IV, LP, and is fascinated about founder, crowd and management-held companies serving the area of interest production, strong point chemical substances, meals, agriculture, packaging, and business & client products and services markets. For extra details about Heartwood, please seek advice from www.heartwoodpartners.com.
Mr. Mike Jansen isn’t a consumer or investor of Heartwood Companions, nor used to be he compensated for his statements herein.
SOURCE Heartwood Companions
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