Jen-Coat, Inc.
We are pleased to announce that Brookwood Associates advised Jen-Coat, Inc., and its private equity investors CGW Southeast Partners and Newstone Capital Partners, on the sale of the Company to Wellspring Capital Management. Jen-Coat is a leading producer of flexible packaging materials for applications in the packaged food, consumer, medical and industrial end markets. The Company’s products are used to form standup pouches, single-use packets, composite tubes and cans, flexible lids, disposable medical non-wovens, labels and release liners.
The transaction yielded an attractive outcome for the shareholders and management, including a new sponsor partner interested in driving further industry consolidation. This transaction represents the third assignment that Brookwood has completed for Jen-Coat and the fifth assignment that Brookwood has completed on behalf of CGW Southeast Partners. This transaction also extends Brookwood’s successful track record with leading manufacturing companies in general and packaging companies in particular.
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"The Brookwood team was helpful on a variety of projects during our ownership of Jen-Coat, including an important divestiture. They did an excellent job on this sale assignment, and I would enthusiastically recommend them to other owners."
Bart McLean CGW Southeast Partners
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