GenNx360 Capital Partners Announces B2B Industrial Packaging’s Acquisition of Pioneer Packaging Worldwide
Portfolio Company News - August 19, 2021
New York, New York. August 19, 2021 – GenNx360 Capital Partners (“GenNx360”) is pleased to announce its portfolio company, B2B Industrial Packaging (“B2B”), has acquired Pioneer Packaging Worldwide (“Pioneer”) in Phoenix, Arizona. Pioneer is B2B Industrial Packaging’s fifth acquisition since GenNx360’s investment in B2B in October 2020.
Pioneer has more than 35 years of expertise in the packaging industry, with a focus on sectors that include industrial, retail, and moving and storage. Leveraging state-of-the-art technology, they offer complete custom packaging solutions from design to delivery.
B2B CEO, Bill Drake, said, “Pioneer Packaging Worldwide is an excellent company with a team of true packaging professionals. As with B2B Industrial Packaging, they are dedicated to outstanding client service and to providing the best performing, most cost-effective packaging solutions.”
B2B has a dedicated team for streamlining acquisitions and simplifying the on-boarding process for clients, employees and channel partners. The acquisition team’s primary objective is to deliver an outstanding experience to all stakeholders.
Pioneer’s current clients will enjoy the wealth of resources that B2B offers, including a complete and continuously expanding portfolio of products, tool repair facilities, relationships with industry-leading channel partners and remarkable client service and support.
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; Salinas, Hayward, Sacramento, Tustin and Los Angeles, 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