Revere Packaging, LLC, a portfolio company of Tennenbaum Capital Partners, LLC, was acquired by Progress Equity Partners, Ltd. Quarton Partners acted as the exclusive financial advisor to Revere Packaging and Tennenbaum Capital Partners in managing the sale process.
Revere Packaging, LLC, a subsidiary of Revere Industries, LLC, is a niche provider of single-use aluminum and plastic packaging solutions to the foodservice market. Revere Packaging markets a full line of round, square, rectangular and oblong containers used for baked goods, pizza, salads and other prepared foods. Revere Packaging is headquartered in Shelbyville, Kentucky. Revere Industries, LLC, headquartered in Westfield, Indiana, is a holding company with manufacturing capabilities in plastic injection molding, powder metallurgy, aluminum casting and food service packaging.
Progress Equity Partners, Ltd. with offices in Dallas and Denver, is a private equity investment firm that acquires majority control of entrepreneurial, middle market service-based businesses. The principals of Progress Equity are relationship driven, long-term investors and have been partnering with owners and management to build industry leading companies since 1993.