Harvest Partners acquires Fortis Solutions Group
Harvest Partners has acquired Fortis Solutions Group from Main Post Partners. The company’s management team, led by founder and CEO John Wynne, will continue to lead Fortis and remain significant business owners alongside Harvest.
Headquartered in Virginia Beach, USA, Fortis is a converter of pressure-sensitive labels, including multi-ply coupon and booklets, flexible packaging printing, shrink sleeves, folding cartons, and label applicators. The company serves a blue-chip customer base across the food and beverage, health and beauty, retail, agricultural chemical, and nutraceutical end markets. Fortis has a full range of flexographic and digital printing capabilities across 15 manufacturing and sales offices across the USA.
‘It’s been an incredible journey with Main Post Partners, and I’m very appreciative and thankful to them for their outstanding contributions,’ commented Wynne. ‘Together with our great team at Fortis, we built the One Fortis culture and growth vision, which have allowed us to differentiate ourselves in the marketplace. I’m very much looking forward to working alongside Harvest Partners as we further develop and accelerate the value-added offerings that we deliver to our customers.’
‘We thank John, his outstanding management team, and all Fortis employees for helping to build an industry leader while generating substantial shareholder value, and we wish the company continued success with Harvest Partners,’ said Scott Bell, partner at Main Post Partners.
Michael DeFlorio, CEO and partner at Harvest, and James Mitchel, partner at Harvest, added: ‘We have admired Fortis’s tremendous success over the years and recognize their leadership position in the specialty packaging and labels markets. We are excited to partner with John and the Fortis management team to support the company’s organic and acquisition growth initiatives in the coming years.’
DeFlorio, Mitchel, and Andrew Hudelson from Harvest Partners will join John Wynne on the Board of Directors of Fortis as part of the transaction.
Fortis has completed 13 acquisitions since 2014 and is actively seeking both tuck-in and transformational investments in the pressure-sensitive labels, shrink sleeve, and flexible packaging markets.
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