▾ G11 Media Network: | ChannelCity | ImpresaCity | SecurityOpenLab | Italian Channel Awards | Italian Project Awards | Italian Security Awards | ...
InnovationOpenLab

Odyssey Investment Partners Invests in TransPak

Odyssey Investment Partners, LLC ("Odyssey") today announced that it has made a majority investment in TransPak Inc. (“TransPak” or the “Company”), a global leader in packaging engineering, lo...

Immagine

Strategic Partnership Will Support Continued Investment in Packaging, Logistics, and Testing Solutions for the Data Center, Semiconductor, and Other High-Tech Industries TransPak Serves Worldwide

NEW YORK: Odyssey Investment Partners, LLC ("Odyssey") today announced that it has made a majority investment in TransPak Inc. (“TransPak” or the “Company”), a global leader in packaging engineering, logistics, testing, and supply chain solutions, serving data center, semiconductor, aerospace and defense, and medical customers. Financial terms of the transaction were not disclosed.

Headquartered in Silicon Valley, TransPak has spent more than 70 years helping customers safely transport complex, fragile and hard-to-ship products. Today, TransPak is a global market leader with an extensive footprint across North America, Asia, and Europe, serving many of the world’s largest technology and cloud infrastructure companies. Odyssey’s investment will support TransPak’s next phase of growth while preserving the strong family-oriented culture and customer-first approach that have long defined the business.

TransPak has been owned by the Inch family for generations and will continue to operate under the leadership of Chief Executive Officer Bert Inch and the existing executive management team. With Odyssey’s support, TransPak plans to accelerate investment in its global operations, manufacturing capabilities, engineering expertise, technology infrastructure, and geographic expansion, enabling the Company to scale alongside customers wherever they need it most as demand for AI infrastructure, advanced semiconductor technologies, and high-performance computing continues to grow worldwide.

“TransPak is an industry leader with specialized capabilities, deep blue-chip customer relationships and meaningful exposure to fast growing segments of the technology infrastructure landscape,” said Craig Staub, Senior Managing Principal at Odyssey. “The transaction builds on Odyssey’s decades of packaging industry experience and recent first-hand insights into the data center market, and we are excited to utilize our significant industry expertise and relationships to support the management team as they capitalize on a wide range of attractive growth opportunities.”

“Since 1952, TransPak has earned the trust of the world's most innovative companies by solving their most complex packaging, logistics, and supply chain challenges,” said Bert Inch, Chief Executive Officer of TransPak. “As we move into our next chapter, we wanted a partner who recognizes the foundation we've built, understands our customers, and shares our long-term vision. We found that in Odyssey, with their deep industry knowledge combined with their track record of supporting and growing family businesses.”

Arlene Inch, former Owner and Chairwoman of TransPak, added, “Seeing what this team has built over the years is something I'm deeply proud of, and I'm excited for TransPak’s next chapter.”

“Bert and the TransPak team have built an incredible family-owned business with a unique reputation for best-in-class product design, reliability and service that has created a highly loyal customer base,” said Jonathan Place, Managing Principal at Odyssey. “At the same time, TransPak has established an exceptional culture of excellence that drives team members to achieve exceptional outcomes for customers. We are very excited to partner with the entire team to create the next successful chapter in TransPak’s history.”

Latham & Watkins LLP served as legal advisor to Odyssey and Stifel, Nicolaus & Co., Inc. served as financial advisor. J.P. Morgan Securities LLC acted as financial advisor and Accent Capital Partners, LLC served as strategic advisor to TransPak in connection with the transaction.

About Odyssey Investment Partners
Odyssey Investment Partners is a leading private equity investment firm with more than a 25-year history of partnering with skilled managers and using its buy, build and integrate approach to transform middle-market companies into more efficient and diversified businesses with strong growth profiles. Odyssey makes majority-controlled investments in industrial and business services sectors with a long-term positive outlook and favorable secular trends. For further information about Odyssey, please visit www.odysseyinvestment.com.

Fonte: Business Wire

If you liked this article and want to stay up to date with news from InnovationOpenLab.com subscribe to ours Free newsletter.

Related news

Last News

RSA at Cybertech Europe 2024

Alaa Abdul Nabi, Vice President, Sales International at RSA presents the innovations the vendor brings to Cybertech as part of a passwordless vision for…

Italian Security Awards 2024: G11 Media honours the best of Italian cybersecurity

G11 Media's SecurityOpenLab magazine rewards excellence in cybersecurity: the best vendors based on user votes

How Austria is making its AI ecosystem grow

Always keeping an European perspective, Austria has developed a thriving AI ecosystem that now can attract talents and companies from other countries

Sparkle and Telsy test Quantum Key Distribution in practice

Successfully completing a Proof of Concept implementation in Athens, the two Italian companies prove that QKD can be easily implemented also in pre-existing…

Most read

Federal Bureau of Prisons Selects Securus Technologies to Deliver Communications…

Securus Technologies today announced it will deploy communications and digital infrastructure solutions across the Federal Bureau of Prisons (BOP or Bureau),…

Qtis.ai Launches AI-Native Clinical Research Division, Enters Fast-Growing…

#CTMS--Qtis.ai, an applied artificial intelligence company focused on healthcare, medical research, and aesthetics, today announced the launch of its…

Upland Software, Inc. Regains Compliance with Nasdaq Minimum Bid Price…

Upland Software, Inc. (Nasdaq: UPLD) (the “Company”), a provider of enterprise intelligence that turns knowledge, content, and data into actionable AI-powered…

DDN, Nebul, and NVIDIA Collaborate to Advance AI Inference Economics Through…

#AI--DDN, the global leader in AI and data intelligence solutions, today announced continued progress in its collaboration with Nebul, a European leader…

Newsletter signup

Join our mailing list to get weekly updates delivered to your inbox.

Sign me up!