Triad Securities Corp. Advises Sale of Fourth Packaging Company
Triad Securities Corp. announced that its investment banking team advised Next Press on its sale to B2B Industrial Packaging. This follows Triad's recent engagement as the adviser to Springfield Corrugated in its sale to B2B Industrial Packaging.
Scott Daspin, director of Investment Banking at Triad Securities Corp, said, "Triad was pleased to play a key role in this successful acquisition. The expert, friendly service that Next Press provides will now be complemented by the national-scale packaging solutions, distribution, and support that industry leader B2B Industrial Packaging delivers."
Bill Cannon, CEO of Next Press, said, "Scott's personal approach to understanding the desired outcome was incredibly important. He invested the time to understand Next Press' business and was able to introduce us to like-minded companies. Chemistry was very important."
Triad's investment banking group has developed a packaging sector niche, with two deals under engagement and three other deals in the last 21 months, including:
- Advisor for Springfield Corrugated Box. Inc. on its sale to B2B Industrial Packaging, a GenNx360 company
- Advisor for IC Industries Inc. on its sale to SupplyOne, Inc.
- Advisor for Bell Container Corp. in its sale to SupplyOne, Inc.
Triad Securities Corp.'s investment banking group offers boutique investment banking and advisory services to mid-sized and small companies. As the packaging industry continues to see consolidation, "We are working with a number of buyers and sellers in the industry and expect to see more activity," said Daspin.
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.