GenNx360 Capital Partners Announces B2B Industrial Packaging’s Acquisition of Miller-Bevco
Portfolio Company News - February 28, 2022
New York, New York. February 28, 2022 – GenNx360 Capital Partners (“GenNx360”) is pleased to announce its portfolio company, B2B Industrial Packaging (“B2B”), acquired Miller-Bevco (“Mill-Bev”) in Shawnee, Kansas on February 1. Miller-Bevco is B2B’s ninth acquisition since GenNx360’s investment in the platform in October 2020.
B2B Industrial Packaging CEO, Bill Drake said, “Miller-Bevco is a great addition to our company. Aside from offering quality packaging products that meet the needs of our market, Miller-Bevco has a reputation for outstanding client service and a drive to give back to the community. These are values we share.”
Over its 56-year history, Miller-Bevco has grown to serve a variety of sectors in 47 states. The award-winning company offers packaging solutions for labeling, strapping, banding, tying, taping, stretch wrapping, and shrink wrapping.
This acquisition will deliver many benefits to Miller-Bevco clients who will enjoy the big company resources that B2B offers such as more products and services, a large portfolio of channel partners, and a deep bench of expertise.
Miller-Bevco Owner, Brooks Miller, added, “Everything about this acquisition will benefit our clients. All of the traditionally great qualities of Miller-Bevco will be enhanced by the end-to-end packaging products, services and expertise that B2B Industrial Packaging has built its reputation on.”
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 Phoenix, Arizona; Los Angeles, California; Houston, Texas; Seattle, Washington; Fort Worth, Texas; Salinas, Hayward and Sacramento, California.; Portland, Eugene, and Albany, Oregon.; Kansas City and Shawnee, Kansas.; Kalamazoo, Michigan; Harrisburg, Pennsylvania and Oregon, Illinois.
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