Harris Williams & Co. announces Smyth Companies partnership with Novacap
Harris Williams & Co. announces that Smyth Companies (Smyth), one of the top 10 largest label converters in North America, has partnered with Novacap, one of Canada's leading private equity firms. Harris Williams & Co. acted as the exclusive advisor to Smyth. The transaction was led by Glenn Gurtcheff, Tim Alexander, Jeff Cleveland and Brant Cash from the firm's Minneapolis office.
"Smyth is a leader whose design and product innovations and expertise have helped create compelling packaging and extraordinarily successful brands," said Glenn Gurtcheff. "We are extremely pleased to have had the opportunity to help the Hickey family and management achieve their objectives and to find the right partner for Smyth to continue its North American and global expansion."
Smyth, founded in 1877 and headquartered in St. Paul, MN, is a 4th generation family-held business and a leading provider of primary packaging labels and related equipment and services to the food and beverage, health and beauty, and household chemical markets. Smyth serves as a trusted business partner to over 600 active customer accounts, including numerous blue-chip companies and some of the most well-known brand names in the world.
Novacap's partnership approach has helped companies accelerate their growth and maximize their value since its founding in 1981. With over $785 million under management, Novacap's goal is to help leading entrepreneurs build world-class companies. The firm's highly-experienced, multifunctional team understands the operational and financial challenges faced by today's organizations. Novacap provides active support, deep operational expertise and growth capital to help companies with strategic competitive advantages realize their full potential.