Backcast Partners Fuels Expansion of Dominion Packaging

Backcast Partners Fuels Expansion of Dominion Packaging

Backcast Partners, a key player in providing financial support to middle-market companies, has recently announced its strategic investment in Dominion Packaging, Inc. This investment is designed to spur growth initiatives and support capital expenditures to recapitalize the company, positioning it for future success.

Dominion Packaging, established in 2004 and recognized as a leading independent provider of printed cardboard folding cartons, serves prominent clients in the food and beverage sector. The company has built a strong reputation due to its exceptional graphics capabilities and its commitment to innovation in the burgeoning digital printing market.

Gino Pacini, the CEO of Dominion, expressed appreciation for Backcast's thorough, professional approach to the transaction. According to Pacini, the collaboration has been instrumental not only in structuring their financial deal but also in understanding Dominion's broader strategic vision and operational goals. This partnership is expected to provide significant value as Dominion progresses with its transformative growth strategy.

Ed Cerny, Managing Partner at Backcast, emphasized the pleasure involved in supporting a market leader such as Dominion. He highlighted the company’s commitment to quality and service, noting that it continues to secure new business effectively. Cerny pointed out that investments like this one are at the heart of Backcast's mission, reflecting their dedication to collaborating closely with management teams to achieve ambitious growth objectives.

Backcast facilitated this investment through a combination of senior secured debt along with warrants and convertible preferred equity. This unique structure not only secures the necessary capital for Dominion's initiatives but also aligns with the company's ongoing operational needs and long-term aspirations.

The transaction was carried out with the assistance of Greenberg Traurig and McGuireWoods LLP, ensuring that all legal and structural complexities were aptly managed.

Understanding Backcast Partners

Founded in 2016, Backcast Partners manages a range of private investment funds focused on providing capital that adds value to middle-market businesses. With around $1.3 billion in assets under management, they have a track record of partnering with both private-equity backed entities as well as management-owned companies.

Backcast's flexible investment strategy typically engages with traditional middle-market businesses generating between $7.5 million to $50 million in EBITDA. Their investment sizes range from $20 million to as much as $150 million per transaction, which positions them as a potent source of capital for ambitious companies.

Operating primarily out of New York City and Millburn, NJ, Backcast focuses on establishing long-term relationships with businesses to support their growth trajectories. This growth-oriented mindset facilitates opportunities that are mutually beneficial, aligning the interests of investors with the goals of the companies they invest in.

Contact Information for Capital Seekers

Companies looking for capital can reach out directly to Mark Gudis, Managing Partner at Backcast Partners. With extensive experience in leading growth initiatives, he remains a vital point of contact for potential investments. Interested parties can contact him via the email provided or reach out by phone for discussions regarding capital opportunities.

For investor relations, David Petrucco serves as another key contact, ready to assist investors seeking insights into Backcast’s fund strategies and investment philosophies.

Conclusion

The collaboration between Backcast Partners and Dominion Packaging marks an important step in enhancing the capabilities and growth potential of a well-respected leader in the packaging industry. With Backcast’s support, Dominion is well-positioned to not only meet the current demands of the market but also to lead in innovation, setting a benchmark for quality in printed packaging solutions.

Frequently Asked Questions

What is the purpose of Backcast Partners' investment in Dominion Packaging?

The investment aims to support growth capital expenditures and facilitate a recapitalization of Dominion Packaging.

What type of financing did Backcast provide to Dominion Packaging?

Backcast provided a combination of senior secured debt and convertible preferred equity.

What industry does Dominion Packaging operate in?

Dominion Packaging specializes in printed cardboard folding cartons, primarily serving the food and beverage sector.

Who is the CEO of Dominion Packaging?

Gino Pacini is the CEO of Dominion Packaging and plays a crucial role in the company's strategic direction.

What is the focus of Backcast Partners?

Backcast Partners focuses on managing credit-centered private investment funds that provide capital to middle-market companies.

About The Author

Hi there I'm 38-year-old author and financial consultant Owen Jenkins. Having worked in the financial sector for more than ten years, I am well-versed in the subtleties and complexity that mold our financial environment. Following a degree in finance, I worked in a number of financial institutions honing my abilities in market analysis, financial planning, and investment strategies.

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