USA – Chicago-based private equity firm, Red Arts Capital has completed the acquisitions of Coregistics, an award-winning, contract packaging services provider known for its flexibility and sophisticated systems.
The deal comes on the heels of Red Arts’ most recent deal, the sale of the 104-year-old trucking company MME to trucking industry titan Knight-Swift, for US$150 million.
Coregistics is a leading national provider of packing-centric supply chain solutions including package and process design, materials sourcing and procurement, contract packaging, and distribution (3PL Services).
Founded in 2011, Coregistics serves domestic customers consisting primarily of CPG, food & beverage, and service parts, operating 17 facilities across the United States.
The company’s top customers, many of which are household names in their respective sectors, lean on Coregistics for scalable solutions for introducing their unique products to retail.
Coregistics service offering fits squarely within Red Arts’ sector focus and investment approach in the supply chain space.
Red Arts utilizes a thematic-driven process for investing and has had a thesis in the contract logistics space for a number of years.
The Red Arts team believes that past success and continued growth in e-commerce will positively impact packaging services demand, and Coregistics is well-positioned to provide much-needed third-party logistics services in the U.S. market.
Chad Strader, Co-Founder and Managing Partner of Red Arts Capital, and a seasoned supply chain industry veteran believe the addition of Coregistics to the Red Arts portfolio will be extremely beneficial for both parties.
“The Coregistics team has demonstrated an extraordinary track record of excellence in contract logistics and packaging, which we believe stems from a team and culture laser-focused on high-quality service,” said Chad Strader, Red Art’s Co-founder and Managing Partner.
“We believe that Coregistics’ culture uniquely positions them to benefit from the growing range of packaging needs spurred by continued e-commerce developments. We are excited to be in partnership with them.”
Eric Wilhelm, Coregistics’ Chief Executive Officer said: “Our culture is central to everything we do and is the foundation for the best-in-class service our team provides to our customers every day.”
“The team at Red Arts Capital shares our belief in the importance of culture, dedication to excellence and best-in-class service and we are excited to welcome them as our new partner as we continue to grow our company.”
Since the firm’s inception in 2015, Red Arts Capital has been a private equity leader in supply chain and logistics investing.
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