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Deni Caplan and Ross Friedman, members of the firm’s Corporate Group, represented Traverse Pointe Partners in the sale of its flexible packaging portfolio company Redi-Bag, Inc. to Soteria Flexibles Holdings, a portfolio company of Ardian, an independent private equity investment company.
Traverse Pointe Partners partnered with Washington-based Redi-Bag, Inc. in June 2017 as the company sought to strengthen its presence in the food & agriculture markets, establishing itself as a leading flexible packaging provider in the Pacific Northwest. The sale of Redi-Bag, Inc. represents a successful liquidity event for Traverse Pointe Partners, a private equity firm managed by Michael Simon, which owns several portfolio investments in the lower middle market space.
The acquisition represents an opportunity for Soteria Flexibles to further strengthen its manufacturing capabilities and product offerings, while also expanding its geographical reach and service to customers in the region.
Goldberg Kohn represented Traverse Pointe Partners in both the acquisition and sale of Redi-Bag, Inc. and has served as legal counsel to Traverse Pointe Partners and Redi-Bag, Inc. during the entire time of the investment.
