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Endeavour Investment in US Packaging Firm PMI Funds Acquisition.


11 March 2016 - US-based investment firm Endeavour Capital's Endeavour Capital Fund VII recently closed an investment in Seattle-based food and beverage container company Pacific Market International LLC, the firm said.

Proceeds from the Endeavour investment were used in part to fund PMI's announced acquisition of Formation Brands LLC, headquartered in South San Francisco, California.

Terms of the Endeavour investment in PMI and the PMI acquisition of Formation were not disclosed.

With its investment, Endeavour joins Harris and Seattle-based Joshua Green Corp. as principal owners of PMI. Endeavour Managing directors Babson and Bradaigh Wagner will join the PMI Board.

PMI was advised in the Endeavour investment transaction by Robert W. Baird and Co., and Formation was represented in its sale to PMI by Seattle-based Cascadia Capital.

Endeavour was founded in 1991 to be a resident source of capital and long-term partner to leading Western US-based businesses.

The firm recently closed its seventh equity fund, with USD 775m in committed capital, and has offices in Seattle, Portland, Los Angeles and Denver.

Current Endeavour portfolio companies in the Pacific Northwest include Alpha Media, Genesis Financial Solutions, Metropolitan Market, New Seasons Market, ProKarma, USNR, Vigor Industrial, Zoom+ and ESCO.

Founded in 1983 by Rob Harris and guided by principles of sustainability, community and integrity, PMI designs, manufactures and markets food and beverage container solutions under three brands.

Their two most recognizable brands, Stanley and Aladdin, are both over 100 years old and sold globally. Migo was founded in 1999 and is rapidly growing in the Asia Pacific region.

PMI also creates private label products for select global retailers.

Country: USA

Sector: Paper/Packaging/Office Supplies

Target: Formation Brands LLC

Buyer: Pacific Market International LLC


Deal size in USD:

Type: LBO

Financing: Cash

Status: Closed

Buyer advisor: , ,

Comment: Endeavour Capital Fund VII investment in PMI funds acquisition

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Publication:M & A Navigator
Geographic Code:1U9CA
Date:Mar 11, 2016
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