BDT Capital Partners acquires "significant stake" in ProMach
Founded in 1998, ProMach’s portfolio includes 46 processing and packaging solutions product brands serving manufacturers of all sizes, geographies and industries.
BDT Capital Partners LLC (BDTCP) entered into a definitive agreement to acquire a "significant stake" in ProMach, alongside Leonard Green & Partners, L.P. (LGP), the existing majority owner.
BDTCP is an affiliate of BDT & MSD Partners, a merchant bank built to serve the distinct needs of business owners and strategic, long-term investors. As part of the agreement, LGP will invest new capital into the company. Financial terms were not disclosed.