Harvest Partners completes acquisition of Fortis Solutions Group from Main Post Partners
October 24, 2021Funds managed by Harvest Partners (Harvest) have acquired Fortis Solutions Group (Fortis), a best-in-class provider of specialty packaging solutions, from Main Post Partners.
The Company’s management team, led by
founder and CEO John Wynne, will continue to lead Fortis and remain significant
owners of the business alongside Harvest. Additional terms of the transaction
were not disclosed.
Headquartered in Virginia Beach, Fortis is a converter of pressure sensitive
labels including multi-ply coupon and booklets, flexible packaging printing,
shrink sleeves, folding cartons, and label applicators. The Company serves a
blue-chip customer base across the food and beverage, health and beauty,
retail, agricultural chemical, and nutraceutical end markets. Fortis has a full
range of flexographic and digital printing capabilities across 15 manufacturing
and sales offices across the United States.
Wynne says: “It’s been an incredible journey with Main Post Partners and I’m
very appreciative and thankful to them for their outstanding contributions.
Together with our great team at Fortis, we built the ‘One Fortis’ culture and
growth vision which have allowed us to differentiate ourselves in the
marketplace. I’m very much looking forward to working alongside Harvest
Partners as we further develop and accelerate the value-added offerings that we
deliver to our customers.”
“We thank John, his outstanding management team, and all Fortis employees for
helping to build an industry leader while generating substantial shareholder
value, and we wish the Company continued success with Harvest Partners,” says
Scott Bell, Partner at Main Post Partners.
Michael DeFlorio, CEO and Partner at Harvest, and James Mitchel, Partner at
Harvest, say: “We have admired Fortis’s tremendous success over the years and
recognise their leadership position in the specialty packaging and labels
markets. We are excited to partner with John and the Fortis management team to
support the Company’s organic and acquisition growth initiatives in the coming
years.”