GenNx360 Capital Partners Announces B2B Industrial Packaging’s Acquisition of Tri Pro Graphics and Packaging
Portfolio Company News - November 02, 2022
New York, New York. November 2, 2022 – GenNx360 Capital Partners (“GenNx360”) is pleased to announce its portfolio company, B2B Industrial Packaging (“B2B”), has acquired Tri Pro Graphics and Packaging (“Tri Pro”) in St. Louis, Missouri. Tri Pro is B2B Industrial Packaging’s eleventh acquisition since GenNx360’s investment in the platform in October 2020.
Founded in 1996, Tri Pro Graphics and Packaging specializes in the sale and distribution of packaging materials, packaging equipment, and printing solutions with a focus on corrugated boxes, stretch film, and foam. The company’s objective is to ensure that products and materials are protected and that right-sized packaging optimizes material usage and minimizes waste.
B2B CEO, Bill Drake, said, “Tri Pro Graphics and Packaging is a leading packaging solutions supplier in St. Louis, and we are excited to start expanding their capabilities. We are committed to building on the outstanding client service that Tri Pro Graphics and Packaging has always provided. Our pledge to Tri Pro clients, employees, management, and channel partners is to work together to make this transition both seamless and positive.”
With the acquisition, Tri Pro clients will be able to accelerate their own growth through B2B’s nationwide distribution network and a roster of the industry’s best channel partners. Other benefits include a phenomenal selection of products and the caliber of service that only a coast-to-coast company with a local “Your National Neighbor” ethic can provide.
The management team is made up of packaging industry veterans with sales backgrounds. Tri Pro Partner, Tim Clubb, said, “These are very exciting times for our company. As we move forward, the only changes our clients will notice will be positive. We will all be here to continue to service and support our loyal clients and vendors at our existing locations.”
About B2B Industrial Packaging
Servicing more than 17,000 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 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; Houston and Fort Worth, Texas; Seattle, Washington; Salinas, Hayward, Sacramento, and Los Angeles, California; Portland, Eugene, and Albany, Oregon.; Kansas City and Shawnee, Kansas; Kalamazoo, Michigan; Harrisburg, Pennsylvania; Oregon, Illinois and Agawam, Massachusetts.
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