August 04, 2010
MSouth Announces the Successful Exit of a CGW Portfolio Company
Atlanta, GA (August 4, 2010) MSouth Equity Partners, an Atlanta-based private equity firm, announced the sale of Jen-Coat, Inc. CGW Southeast Partners IV, an affiliate of MSouth’s predecessor, had been the majority shareholder of Jen-Coat.
“Jim Kauffman and his team at Jen-Coat did an outstanding job of building this company over the years, particularly during this recent period of economic difficulty” said Bart McLean, an MSouth Partner. “We are pleased with this transaction, and the gain that it generated for our CGW investors.”
Jen-Coat, Inc. supplies the food packaging, health care and industrial markets with a wide range of extrusion coated and laminated, metallized, and adhesive laminated structures. Products include sugar/sugar sub packets, paper/foil laminations, film/foil laminations, composite can laminations, coated nonwovens, QSR wrap, release papers and many other specialty packaging materials. Headquartered in Westfield, Massachusetts and operating out of two plants totaling 370,000 square feet, Jen-Coat has earned an industry reputation as a high-quality, innovative supplier.
MSouth Equity Partners is a private equity investment firm that provides equity capital and expertise to support management teams in acquisitions and recapitalizations of lower middle market companies typically valued $25 - $125 million. Based in Atlanta, Georgia, MSouth invests primarily in the South with a consistent focus on management buyouts of business services, distribution and specialty manufacturing companies. MSouth is a successor to Cravey, Green & Wahlen, Inc. which was founded in 1984. Total capital under management exceeds $1.0 billion.