Pritzker Group Private Capital has completed its previously announced purchase of packaging provider ProAmpac from Wellspring Capital Management, which had backed the company for a little over a year. ProAmpac owns a variety of packaging brands and operates nearly 20 manufacturing locations in North America, Europe and Asia.
The company, though, is based in Cincinnati, which locates it squarely in the group of states in the Great Lakes region that helped turn the US presidential election toward the Republican side of the ledger—the so-called Rust Belt. The electoral votes from Wisconsin, Michigan, Ohio and Pennsylvania all went to Barack Obama during the 2012 election, and all four states flipped to Donald Trump earlier this month.
A major part of the narrative surrounding the election was the abandonment of workers in these states by the manufacturing industry. But there are certainly still some private equity firms putting capital to work in the region. Here are the top eight investors in those four key Rust Belt states since the start of 2012, including add-ons:
1. Audax Group (59)
2. The Riverside Company (25)
3. ABRY Partners (24)
4. AEA Investors (21)
5. KKR (20)
6. The Carlyle Group (18)
T-7. AlpInvest Partners (15)
T-7. Resilience Capital Partners (15)
View the full list (PitchBook users)
Article by PitchBook
