Private equity firm Sound Growth Partners (SGP) has acquired Frontier Packaging, funding the deal alongside management via its one-stop buyout structure.
Financial terms of the deal remain undisclosed.
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Frontier Packaging is based in Tukwila, Washington, and distributes specialty packaging and supplies to seafood processors in Alaska and the Pacific Northwest.
The company was founded in 1985 and supplies customers in remote locations, where deliveries can involve consolidation and logistical challenges.
The acquisition is the second investment in Frontier by the SGP team.
Team members previously invested in the company while at another firm.
SGP managing partner Kyle Largent said: “Frontier has built an enviable position in the industry through an unwavering commitment to its customers and suppliers for over 40 years.
“We are honoured to have the opportunity to partner with them again and continue to build on what is already an extremely strong foundation.”
Frontier’s product range includes corrugated boxes, folding cartons and beck liners, styro & insulated packaging, gel ice, poly bags and liners, roll stock films & vacuum bags, roe packaging – salmon & herring.
Its product offering also encompasses fillet trays, salt products & frodex, bags for H&G and fish meal, insulated plastic fish totes, cannery supplies, packing & shipping supplies, and tray sealers.
SGP, established in 2023 and headquartered in Seattle, is focused on lower middle market companies.
It invests in businesses with $2m to $15m of EBITDA and positions in niche segments of consumer products, business services, distribution, and light manufacturing.
