ProMach finalizes ownership agreement with Leonard Green & Partners and BDT Capital Partners

ProMach, a worldwide leader in processing and packaging machinery and related solutions, announced the closing of its agreement with affiliates of BDT Capital Partners, (“BDTCP”) and Leonard Green & Partners, (“LGP”). Financial terms were not disclosed. ProMach's management team and employees will continue to operate from their facilities across the globe.

Founded in 1998, ProMach’s portfolio includes 46 best-in-class processing and packaging solutions product brands serving manufacturers of all sizes, geographies, and industries. ProMach’s product brands manufacture, distribute, integrate, and support solutions across the entire production line in distinct areas, including processing, filling, primary packaging, secondary packaging, labeling and coding, pharma, and systems integration.

“We are very fortunate to now be working with two outstanding partners in LGP and BDTCP that understand and support what we’ve built over the last 25 years,” said Mark Anderson, president and chief executive officer of ProMach. “It's a tremendous next step in ProMach's development as both organizations have a great reputation for aligning with management teams and investing in their future. Our shared vision for bringing value to our customers and providing a great place for our people to work is the most exciting aspect of this deal.”

“I want to thank all ProMach employees for being a key part of our success by delivering performance, integrity, and partnership to our customers around the globe each and every day,” added Anderson. “Our management team looks forward to working with the LGP and BDTCP teams to continue growing and developing our remarkable organization and continue bringing the best overall customer experience to the processing and packaging industry.”

BDTCP is an affiliate of BDT & MSD Partners, a merchant bank built to serve the distinct needs of business owners and strategic, long-term investors. LGP is a leading private equity investment firm that partners with experienced management teams to invest in market-leading companies.

“ProMach and its portfolio of product brands have a significant footprint in the industry and an excellent reputation for manufacturing innovative products and solutions to meet customers’ evolving needs,” said Byron Trott, chairman and co-chief executive officer, BDT & MSD Partners. “We believe the company is poised for significant long-term success and we look forward to working closely with ProMach’s strong leadership team.”

“We’ve had a special partnership with ProMach over the last five years, and the organization and team have proven to be truly remarkable,” said Chris McCollum, partner at LGP. “We feel as strongly about ProMach today as we did when our business relationship began and we look forward to partnering with BDTCP to accelerate and build on ProMach’s success as a trusted solutions provider to diverse consumer and industrial goods companies around the world.”