Generational Group Advises Olympic Plastic Bags (1983), Ltd. in Its Sale to King West Partners
Generational Group, a leading mergers and acquisitions advisory firm specializing in privately held businesses, is excited to announce the successful sale of Olympic Plastic Bags (1983), Ltd. to King West Partners. The deal, finalized on November 24, 2024, marks a significant milestone for both companies and reflects the continued expansion and diversification of the North American business landscape.
Overview of Olympic Plastic Bags (1983), Ltd.
Founded in 1983 and headquartered in Toronto, Ontario, Canada, Olympic Plastic Bags (1983), Ltd. has long been a leader in the manufacturing of custom plastic packaging solutions. Over the years, the company has built a reputation for producing high-quality plastic bags, films, and specialty products that cater to the diverse needs of distributors across North America. Their fully integrated manufacturing capabilities, which include extrusion, printing, and converting facilities, have enabled them to provide cost-effective and efficient solutions for a wide range of customers.
One of the key factors that set Olympic Plastic Bags apart from its competitors is its commitment to sustainability. The company has consistently focused on offering eco-friendly options, including biodegradable and recycled plastic materials, without compromising the durability and performance of its products. This commitment to innovation is reflected in the company’s adherence to industry standards, such as ISO 9001 and SQF certification, which ensure that all products meet rigorous quality control measures.
As the demand for environmentally responsible packaging solutions continues to grow, Olympic Plastic Bags has strategically positioned itself to meet these changing market dynamics by investing in sustainable technologies and processes. The company’s expertise in custom packaging design and its dedication to delivering high-quality products on time and at competitive prices have made it a trusted partner for many distributors throughout North America.
King West Partners: A New Chapter for Olympic Plastic Bags
King West Partners, a private investment firm based in Toronto, Ontario, is dedicated to acquiring and growing exceptional businesses across North America. The firm stands out from traditional private equity firms by offering a flexible and long-term approach to investments. King West Partners specializes in partnering with business owners who seek full or partial liquidity, providing them with the capital and operational expertise necessary to achieve sustainable growth while preserving each company’s core identity and legacy.
Unlike traditional private equity firms that often operate on fixed timelines, King West Partners takes a patient and collaborative approach, focusing on creating long-term value for the businesses it acquires. The firm leverages its extensive network, financial resources, and industry experience to drive innovation and growth while maintaining the cultural and operational integrity of the companies it partners with.
The acquisition of Olympic Plastic Bags (1983), Ltd. represents a natural fit for King West Partners. The firm sees significant potential for growth in the custom plastic packaging sector, and it is committed to helping Olympic Plastic Bags build on its strong foundation while exploring new opportunities for expansion. With King West Partners’ support, Olympic Plastic Bags will be able to continue innovating in the field of sustainable packaging solutions while expanding its reach into new markets.
Generational Group’s Role in Facilitating the Sale
Generational Group played a pivotal role in facilitating the sale of Olympic Plastic Bags (1983), Ltd. to King West Partners. The deal was led by David Fergusson, Executive Managing Director of M&A for Generational Group’s Eastern Region, and his team, including Senior Managing Director Mike Hammer and Managing Director Corey Painter. Together, they brought their extensive expertise and experience to navigate the complexities of the transaction and ensure a smooth and successful sale process.
David Fergusson commented on the deal, saying, “At Generational Group, we are always proud to support businesses like Olympic Plastic Bags as they take the next step in their growth journey. This strategic partnership with King West Partners will unlock new opportunities for both companies, and we are excited to see the continued success of Olympic Plastic Bags under King West’s ownership.”
Generational Group’s involvement in this transaction was also instrumental in identifying the right buyer for Olympic Plastic Bags. The team’s deep understanding of the market, combined with their strong relationships with both buyers and sellers, allowed them to connect Olympic Plastic Bags with King West Partners, a firm that shares their commitment to long-term value creation.
Senior M&A Advisor Dave Heymann and Executive Managing Director Ed Weber were also crucial in establishing the initial relationship between Generational Group and Olympic Plastic Bags. Their efforts helped lay the foundation for the successful sale and ensured that the transaction proceeded smoothly from start to finish.
Ryan Binkley, CEO of Generational Group, expressed his enthusiasm about the deal, stating, “At Generational Group, we take great pride in facilitating impactful acquisitions that drive growth and innovation. This deal is a prime example of how we help connect exceptional businesses with the right partners. We’re thrilled to have been a part of this successful transaction and look forward to seeing the positive outcomes for both Olympic Plastic Bags and King West Partners.”
The Future of Olympic Plastic Bags
With the sale to King West Partners, Olympic Plastic Bags (1983), Ltd. is poised to enter a new phase of growth and innovation. The company will continue to focus on delivering high-quality custom packaging solutions while exploring new opportunities to expand its product offerings and reach. The backing of King West Partners will provide the company with the capital and resources needed to enhance its manufacturing capabilities, invest in new technologies, and expand into new markets.
One of the key areas of focus for Olympic Plastic Bags moving forward will be further developing its sustainable product offerings. As consumer preferences increasingly shift toward eco-friendly and biodegradable materials, the company is well-positioned to meet this growing demand. Olympic Plastic Bags’ expertise in sustainable packaging solutions, combined with King West Partners’ financial support, will allow the company to continue leading the way in environmentally responsible packaging innovation.
In addition to expanding its product line, Olympic Plastic Bags plans to continue its focus on operational excellence. The company’s state-of-the-art facilities and rigorous quality control measures will remain at the forefront of its operations, ensuring that all products meet the highest standards of performance and sustainability. By combining innovation, sustainability, and operational efficiency, Olympic Plastic Bags aims to continue delivering exceptional value to its customers while expanding its market presence.
King West Partners’ Strategic Vision
King West Partners’ acquisition of Olympic Plastic Bags is part of a broader strategy to build a diversified portfolio of high-quality businesses across North America. The firm is particularly focused on companies that have strong growth potential and a proven track record of success. With a hands-on approach to managing its portfolio companies, King West Partners works closely with business leaders to drive operational improvements, enhance profitability, and explore new avenues for expansion.
The firm’s investment philosophy is centered around the belief that long-term success is driven by a commitment to innovation, operational excellence, and a deep understanding of market trends. By partnering with companies like Olympic Plastic Bags, King West Partners aims to create lasting value that benefits both the business and its stakeholders.
A Bright Future Ahead
As Olympic Plastic Bags (1983), Ltd. embarks on this new chapter under the ownership of King West Partners, the company is well-positioned to continue its legacy of providing high-quality, sustainable packaging solutions. With the support of Generational Group and King West Partners, Olympic Plastic Bags is poised for even greater success in the years to come.
This transaction highlights the power of strategic partnerships in driving growth and innovation. Through its continued focus on sustainability, operational excellence, and customer satisfaction, Olympic Plastic Bags is sure to remain a leader in the custom plastic packaging industry. The future looks bright for both Olympic Plastic Bags and King West Partners as they work together to build a strong, sustainable, and prosperous future.
