GenNx360 Capital Partners Announces B2B Industrial Packaging’s Acquisition of Direct in Supply
Portfolio Company News - August 31, 2021
New York, New York. August 31, 2021 – GenNx360 Capital Partners (“GenNx360”) is pleased to announce its portfolio company B2B Industrial Packaging (“B2B”) has acquired Direct in Supply (“DIS”) in Oregon, Illinois. Direct in Supply is B2B Industrial Packaging’s sixth acquisition since GenNx360’s investment in the platform on October 8, 2020.
B2B Industrial Packaging CEO, Bill Drake, said, “Direct In Supply is dedicated to excellence in every way—from cost-effective products and services, to customer service to delivery—their team of packaging professionals has the experience and expertise to serve industries that include large markets such as restaurants and niche markets such as contract cleaners.”
Current clients of DIS will enjoy the wealth of resources that B2B offers, including a continuously expanding portfolio of products, tool repair facilities, and relationships with industry-leading channel partners.
About B2B Industrial Packaging
Servicing more than 6,000 active clients, B2B Industrial Packaging sells a full range of packaging equipment and supplies including steel strapping, stretch film, and fasteners to clients throughout the U.S. and Mexico. B2B Industrial Packaging is unique in that it also operates three state-of-the-art strapping and fastener tool repair facilities that service the entire U.S. Headquarters are in Addison, Illinois with additional locations in Fort Worth and Houston, Texas; Los Angeles, Salinas, Hayward, Sacramento, and Tustin California; Portland and Eugene, Oregon; Seattle, Washington; Kansas City, Kansas; Phoenix, Arizona and Harrisburg, Pennsylvania.
About GenNx360 Capital Partners
GenNx360 Capital Partners is a private equity firm focused on investing in middle market business services and industrial companies. GenNx360 partners with companies having proven and sustainable business models in expanding industries, with the objective of implementing and supporting value enhancing organic and inorganic initiatives to accelerate growth, deliver efficiencies and generate strong financial returns. GenNx360 was founded in 2006 and is headquartered in New York City. For more information, please visit www.gennx360.com.
For media inquiries, please contact:
GenNx360 Capital Partners
Carmen Rojas, Director of Investor Relations