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Specialized Packaging Group acquired by private investment firm

The recent purchase of Montreal-based Specialized Packaging Group Inc. (SPG) by private investment firm Altamont Capital Partners (ACP) will result in the creation of new jobs, especially in Quebec, said SPG’s founder, Paul Gaulin.

SPG is a provider of protective packaging products that operates two divisions, IVEX and Engineered Packaging, out of 16 facilities in Canada, the U.S. and Mexico.

ACP is a private investment firm based in Palo Alto, California, with over $2.5 billion in assets under management, focused on investing in middle market businesses.

“The company is in good hands and I am very proud and excited to remain a partner. I would like to express my thanks to all our employees, customers, suppliers and partners, whose support has been essential over the past years. I also wish to express my deepest gratitude to our Chief Financial Officer, Ms. Caroline Bourdon, for her role in completing this transaction,” said Paul Gaulin.

Raymond Chabot Grant Thornton acted as financial advisor, and BCF Business Law and Morency, Société d’avocats, LLP served as legal counsel to SPG.