Mesirow Advises MedLit Solutions on its Sale to Resource Label Group
Mesirow, an independent, employee-owned financial services firm, announced it acted as exclusive financial advisor to MedLit Solutions, 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 150 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.
The preceding press release was provided by a company unaffiliated with Packaging Impressions. The views expressed within do not directly reflect the thoughts or opinions of Packaging Impressions.