ProMach Will Be Acquired by Leonard Green

Published: February 01, 2018

CINCINNATI, OH | ProMach, a supplier of packaging machinery solutions, reports that affiliates of Leonard Green & Partners, a leading private equity investment firm, have entered into a definitive agreement to acquire the company from affiliates of AEA Investors. Financial terms of the transaction were not disclosed.

Founded in 1998, ProMach serves manufacturers of all sizes, geographies, and industries. Its product brands operate across the entire packaging spectrum providing solutions for nearly every application, including integration and engineering services for complete integrated packaging lines.

“We are excited to be partnering with Leonard Green as we enter our next phase of growth,” says Mark Anderson, president and CEO of ProMach. “The industry has changed dramatically over the past two decades, and so has ProMach. Through our strong partnership with AEA, and thanks to the hard work of every one of our dedicated employees, ProMach has become something truly remarkable. Our entire management team is looking forward to working with Leonard Green as we continue to build on our position as the premier provider of packaging line solutions across the globe. The team at Leonard Green has a strong reputation, understands our business, shares our vision, and most importantly shares our passion to fulfill our highest priority—serving our customers.”

“ProMach has built an outstanding business model and has a proven track record of doing exactly what they say they’re going to do, through multiple ownership cycles,” says Chris McCollum, partner at Leonard Green & Partners. “Our investment philosophy is to partner with market-leading companies with multiple ways to grow, backed by best-in-class management teams. ProMach exemplifies this in a nearly unrivaled way in the packaging machinery space, making it an ideal fit. They are poised for continued strong growth and long-term success and we are very excited for this new partnership.” The transaction is expected to be completed in the first quarter of 2018 and is subject to customary closing conditions.

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