HOUSTON, March 30, 2022 (GLOBE NEWSWIRE) — Five stars (“Five Star”), an integrated flexible packaging company based in Houston, Texas, is proud to announce a partnership with subsidiaries of The Jordan Company, LP (“TJC”), a private equity firm with four decades of experience enabling companies and their management teams to accelerate strategic growth initiatives.
“Five Star has a history of continuous investment and consistent growth,” said Mike Ukropina, CEO of Five Star. “Our partnership with TJC will allow us to accelerate our growth initiatives and expand our sustainability leadership in the flexible packaging market.
The Jordan Company will invest in Five Star alongside the current owners.
“Five Star is a tightly held group of flexible packaging companies that work together like family,” said Tim White, Chief Strategy Officer of Five Star. “We believe that a partnership with The Jordan Company will support our continued vision for growth and preserve our shared values, ethics and commitment to our customers, employees and stakeholders who are essential to Five Star.”
“We are excited about the opportunity to invest in the Five Star team to accelerate the company’s growth plans. Five Star’s portfolio of sustainability solutions, including the 100% PE PurE product line, in-house PCR recycling capabilities and biofilm development, offer exciting growth opportunities,” commented Mike Denvir, Partner at TJC.
Goldman Sachs & Co. LLC acted as exclusive financial advisor to Five Star. The partnership is expected to be finalized in May 2022.
About Jordan Company
TJC (www.thejordancompany.com), founded in 1982, is a middle-market private equity firm with initial capital commitments of over $18 billion and a 40-year track record of investing and helping grow many companies in a wide range of industries, including Diversified Industrials; Consumer Goods and Health; Logistics and supply chain services; and technology, telecommunications and utilities.
About five stars
Five Star is an integrated group of manufacturing companies providing industry-leading flexible packaging, printed film, bagmaking and sustainability solutions. Five Star is centrally located in Houston, Texas and vertically integrated into multiple facilities that encompass extrusion, printing, recycling and converting operations. Five Star provides innovative packaging and sustainability solutions to Fortune 500 consumer packaged goods companies and major national retailers.
Media contact: Tim White 346-701-7024
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