William Blair acted as financial advisor to M2S Group (M2S), a portfolio company of Wynnchurch Capital, L.P. (Wynnchurch), in connection with its acquisition of Iconex’s Label Solutions Business, a portfolio company of Altas Holdings. The transaction closed on August 23, 2024.
About the Companies
M2S is a leading material science and solutions company providing high-performance products in multiple industries through its three business units: Appvion, Nekoosa, and Decorative Films. M2S consists of over 700 team members and serves customers across e commerce and shipping, grocery/retail, medical/pharma, gaming, and transportation industries.
Wynnchurch, based in the Chicago suburb of Rosemont, Illinois, with an affiliate in Canada, was founded in 1999 and is a leading middle-market private equity investment firm. The firm’s strategy is to partner with middle market companies in the United States and Canada that possess the potential for substantial growth and profit improvement. Wynnchurch manages a number of private equity funds with $9.2 billion of regulatory assets under management and specializes in recapitalizations, growth capital, management buyouts, corporate carve-outs, and restructurings.
Iconex is the world’s leading low-cost provider of paper receipt and highly differentiated variable print label solutions that transform business processes to drive profitability, productivity, customer satisfaction and sustainability. A tradition of innovation dating back to 1887 is woven into the fabric of Iconex’s identity beginning with the company’s invention of the paper receipt, which revolutionized business transactions. That spirit of innovation continues with the introduction of Iconex Sticky Media™, Sticky Media G2 and other patented innovations that are relied on by several of the world’s largest companies in food and beverage, retail, quick service restaurants, grocery, pharmacy, manufacturing and distribution and logistics to streamline operations, leading to an improved customer experience.
Learn more about our industrial growth products investment banking expertise.