New York, New York – March 3, 2020 – GenNx360 Capital Partners (“GenNx360”), a New York-based private equity firm, today announced the successful sale of its portfolio company, Midwest Can and Container Specialties, Inc. (“Midwest Can” or “the Company”).
GenNx360 acquired Midwest Can in January 2017 as part of its packaging sector investment strategy. Over the past three years, through commercial strategy enhancements, new product initiatives and operational improvements, Midwest Can achieved attractive growth and solidified its position as a market leading manufacturer of portable fuel containers.
Monty Yort, the GenNx360 Managing Partner who led the transaction said, “We’re very proud of what we’ve accomplished with management. Our investment in Midwest Can and the achievements attained exemplifies GenNx360’s sourcing and operational differentiators.”
Piper Sandler served as the exclusive financial advisor to Midwest Can on this transaction. Winston & Strawn LLP acted as legal counsel to Midwest Can and GenNx360.