Broadtree Partners, a lower-middle market private equity firm, announced that its portfolio company, CanSource, has been acquired by global packaging leader TricorBraun. This acquisition provides CanSource with opportunities to expand its product and service offerings within the beverage industry. Terms of the transaction were not disclosed.
Founded and headquartered in Longmont, CO, CanSource has partnered with thousands of breweries and beverage makers for more than a decade. CanSource offers beverage producers a one-stop shop with flexible, reliable, and custom can and packing solutions across the beer, wine, spirits, energy, coffee, kombucha and non-alcoholic beverage markets. With its existing packaging capabilities, expertise, and global resources, TricorBraun is a natural fit for CanSource’s next chapter.
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“We’ve admired and respected TricorBraun for years and are excited to join a team who shares the same dedication to quality and customer service as we do,” said CanSource CEO, Paige Sopcic.
In addition to customer service, sustainability is a driving force between the CanSource and TricorBraun partnership.
“Broadtree is very excited about this acquisition and believes that TricorBraun is perfectly suited to further grow CanSource,” said Johannes Zwick, Managing Partner at Broadtree. “We are proud of the growth the company has experience with Broadtree and believe that this transaction will further enhance value for the company and its customers.”
Following the acquisition, CanSource will operate as CanSource, a TricorBraun company.
SOURCE: BusinessWire