Wingate Partners announces sale of Nekoosa
6 November 2017
Wingate Partners, a Dallas-based private equity firm, completed the sale of its portfolio company, Nekoosa Coated Products Holdings, Inc. to Sentinel Capital Partners, L.L.C. ("Sentinel"), a New York-based private equity firm. Nekoosa is a leading U.S. converter and coater of specialty films and papers for a diverse range of graphic and commercial print markets.
Wingate partnered with the Nekoosa management team to acquire the business in October 2012. During the subsequent five years, Nekoosa built an exceptional organization and executed four acquisitions to offer even more unique value to its market-leading customers. "Paul and the Nekoosa team have done an extraordinary job of executing day in and day out to achieve a compelling vision. They are first class people and world class operators. It's been a privilege to partner with them," said Brad Brenneman, Chairman of Nekoosa and Co-Managing Partner at Wingate.
Paul Charapata, Nekoosa's CEO, commented, "Wingate has been an exceptional partner. They have brought a wealth of experience and a low-ego, highly approachable style that fits our business culture well and resulted in a very strong partnership. I, with the support of the entire Nekoosa team, look forward to continuing our growth with our new partners at Sentinel."
Brian Steinbrueck, Partner at Wingate, added, "Prior to our investment, Nekoosa was a largely carbonless paper business with a vital base of commercial print merchant partners. Paul and his team have transformed the business into a more diversified, higher performing company with a broader merchant base across graphics and commercial print channels. They have created a truly unique business with a differentiated product offering and have a bright future ahead."