March 13, 2009
MSouth Announces the Successful Sale of the Tekkote Division of Jen-Coat, Inc.
Atlanta, GA (March 13, 2009) - MSouth Equity Partners, an Atlanta-based private equity firm, announced that Jen-Coat Inc. has completed the sale of its Tekkote Division. CGW Southeast Partners IV, an affiliate of MSouth's predecessor, is the majority shareholder of Jen-Coat, Inc.
"The sale of this division will further enable Jen-Coat to focus on its core business of extrusion coating, laminating, and value-added printing" said Bart McLean, an MSouth Partner. Jen-Coat is a leading supplier of high quality flexible packaging materials serving the food, medical and industrial packaging markets.
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.