Akoya Capital Partners, LLC (“Akoya”) has partnered with Trinity Investors (“Trinity”), NewSpring Mezzanine, and other investors to acquire WePackItAll (“WPIA”). Founded in 1974 and located in Duarte, CA, WPIA is a premier supplier of contract packaging, filling, fulfillment, and warehousing services to leading brands in the nutraceutical, dietary supplements, food & beverage, and health & beauty sectors. WPIA’s primary packaging solutions include stick packs, sachets, gummy bottles, powder / tablet bottles, and multipacks. WPIA’s operations are FDA and NSF-GMP registered, and OTC licensed for food and dietary supplement handling.
Cedric Shaw, Managing Director and Industrial Packaging Sector Leader at Akoya, commented, “We are excited to be partnering with Natan Bershtel, President, and Jack Bershtel, former Managing Partner, to leverage WPIA’s strong market position and exceptional capabilities to accelerate growth and build it into a national contract packaging services supplier. The Bershtels have built WPIA into a profitable, well-respected company that builds trusted relationships with their customers due to their ability to solve complex packaging challenges and provide world class customer service. WPIA is the ideal company to serve as the anchor investment for Akoya’s industrial packaging sector.”
“WPIA is a perfect fit with our investment strategy given the differentiated service offering, strong management team, industry tailwinds, and our domain expertise. Given WPIA’s track record of providing comprehensive packaging solutions and accelerating the time to market for its customers, we are truly excited about executing the value creation plan in partnership with the leadership team.” said Carr Preston, Managing Director of Akoya.
About Akoya Capital, LLC
Akoya Capital, LLC is a leading sector-focused private equity firm that only invests in industries where it has directly relevant operating experience and deep domain expertise. By partnering with talented management teams and well-positioned businesses, Akoya builds industry leading companies by developing and executing growth strategies that create meaningful value for all stakeholders. The partnership with WPIA is Akoya’s first platform investment in the industrial packaging sector and 18th platform investment overall.
Akoya is proactively seeking platforms with EBITDA in excess of $3m in the following sectors:
- Industrial Products
- Specialty Chemicals
- Industrial Packaging