Shore Capital Partners announces partnership with Innovative Packaging Company
CHICAGO & VANCOUVER, Wash .– (BUSINESS WIRE) – Shore Capital Partners (“Shore” or “Shore Capital”) is pleased to announce that it has partnered with Innovative Packaging Company (the “Company” or “IPC”), a Vancouver-based provider of custom packaging solutions, Washington, has completed.
The Innovative Packaging Company was founded in 2012 by co-founders Jeremy and Matt Concannon as a full-service company for the distribution of customized packaging with added value. IPC’s core service offerings include packaging procurement, supply chain management, warehousing and custom design services. The company sells a diverse mix of products, including flexible packaging, fiber-based packaging, hardware and labels, to strong food and beverage end markets.
Jeremy Concannon, President of IPC commented, “We are excited to partner with Shore Capital given their playbook of explosive growth and track record. IPC has developed an unparalleled go-to-market strategy for its customers. We look forward to working with Shore to bring our custom packaging supply chain and service programs to even more customers across the country. ”
“We grew up in the packaging business and have lived and breathed it since we were young. We are very proud of what our team has built and look forward to the next chapter as we continue to build IPC into a leading packaging company with a relentless focus on the customer, “said Matt Concannon, Vice President of IPC.
Shore plans to invest in the company’s business development, sales and marketing, and operational infrastructure to drive transformation growth. IPC and Shore will jointly explore opportunities for inorganic growth through acquisitions and organic growth through continued first class customer service and the acquisition of new attractive customers.
“We couldn’t be more excited to work with the entire IPC team and look forward to creating a leading US packaging solution platform for small and medium-sized customers with medium to highly complex packaging needs,” said Richard Boos, partner at Shore Capital and chairman of IPC. “Jeremy and Matt have built an excellent business focused on meeting their customers’ unique packaging and distribution needs and we will work tirelessly with them to build on their success.”
About Shore Capital
Shore Capital is a Chicago-based private equity firm focused on micro-capital investing in the healthcare, food and beverage, and business services industries. Shore supports management partners with capital, business development expertise, and industry knowledge to accelerate growth, fund acquisitions, and create value for shareholders. Shore aims to invest in proven, successful private companies with superior management teams, stable cash flow and significant growth potential, including organic growth and growth through industry consolidation. Shore manages equity of USD 1.1 billion through various investment vehicles. More information is available at: www.shorecp.com.