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360Pack Announces Acquisition Of Team Packaging And Continues Regional Expansion

Aug 28, 2023•almost 2 years ago

Acquiring Company

360Pack

Acquired Company

Team Packaging

ManufacturingFood And BeverageManufacturing

Description

360Pack, one of the fastest-growing privately held packaging distribution companies in North America, is pleased to announce that it has completed the acquisition of Team Packaging Inc. (“Team” or “Team Packaging”), a Colorado-based privately held custom packaging solutions provider. Terms of the transaction were not disclosed.

Company Information

Company

360Pack

About

360Pack, backed by Shore Capital Partners, is one of the fastest-growing privately held packaging distribution companies in North America. Formed in 2021, 360Pack operates with the guiding vision of being the trusted packaging solutions partner of choice for its stakeholders. 360Pack combines local touch with global reach to deliver smarter solutions that enhance customers’ business. The Company currently has three locations covering the Western United States:

M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed