Elm Creek Partners is pleased to announce the acquisition of Liberty Paper Products, a Phoenix, Arizona-based specialty converter and distributor of thermal paper.
Liberty Paper Products provides customized solutions to its customers across a variety of end markets, including restaurants, point-of-sale, and gaming. Management believes that Liberty's best-in-class customer service and flexible manufacturing capabilities will serve as a strong platform for growth.
Mike Rapier, Liberty's founder and CEO, is staying with the Company in his current role. Mr. Rapier rolled a portion of his sale proceeds into the new venture.
Elm Creek partnered with Henrikson & Graul Capital Partners ("HGCP") to fund the acquisition. HGCP provided the majority of the equity and also participated in the subordinated debt. Marquette Business Credit served as the senior lender while Medallion Capital partnered with HGCP on the subordinated debt. JDB Capital Partners was the exclusive advisor to the seller in the transaction.
About Elm Creek Partners
Elm Creek Partners is a Dallas-based private equity group investing primarily in Texas and surrounding states. Founded in 2007 by Aaron Handler and Zach Wooldridge, ECP makes controlling equity investments in profitable small businesses with $5-50 million in revenue across diverse industries. Elm Creek partners with talented entrepreneurs, individuals or management teams with unique skill sets and depth of experience as well as a strong conviction about the opportunity and desire to have meaningful ownership.
About Henrickson & Graul Capital Partners
Henrikson & Graul Capital Partners LLC (“HGCP”) is a family private investing office with locations in Texas and Tennessee and makes control equity and subordinated debt investments in niche, lower middle market businesses. Whether the opportunity is driven by generational needs, growth in the business or owners looking to diversify, HGCP looks to invest alongside great management teams to build businesses of sustainable value. HGCP combines its founder’s deep manufacturing experience with a long history of investing in private companies to provide flexible, long-term capital tailored to the situation.