July, 2024. Pacific Paper Tube, based in Stockton, California, is a leading, multi-facility manufacturer in the paper tube and core industry. PPT has successfully serviced a variety of end markets with paper cores, protective packaging, and construction tubes. The Company has historically been family funded and operated, and the sale marks PPT’s first institutional capital partner.
Pacific Paper Tube’s Chairman, Patrick Wallace, said, “PPT has grown from a small start-up to the largest independent tube and core manufacturer west of the Mississippi River thanks to the hard work of our employees at our four operating facilities. With support from Sky Island, we are excited to accelerate our growth. Many thanks to our advisors at Peakstone for successfully guiding us to this next chapter of growth.”
Sky Island Capital provided equity capital for the transaction. Sky Island Capital’s Principal, Cord Walker, said “We are excited to have Pacific Paper Tube as our first platform investment in Sky Island’s second fund. Under the ownership of the Wallace family, Pacific Paper Tube has demonstrated impressive growth and geographic expansion over its 35+ year history, and we are proud to partner with the founding family and their management team to drive the Company to new heights under our combined leadership.”
Peakstone served as PPT’s exclusive M&A advisor. Carney Badley Spellman, P.S. served as PPT’s legal counsel.
For additional information please contact:
Nick Clementi, Managing Director, nclementi@peakstone.com
Brad Lehl, Managing Director, blehl@peakstone.com
Michael Dobin, Analyst, mdobin@peakstone.com
About Peakstone
Peakstone is a leading investment bank that specializes in mergers and acquisitions, advisory, and capital raising for middle market clients. Our team is comprised of senior investment banking professionals who have decades of experience and have executed hundreds of transactions totaling billions of dollars. For additional information, visit www.peakstone.com. To receive investment and proprietary acquisition opportunities, please register at www.peakzone.com.