Eureka’s Jansy Packaging Acquires Cogent Partners
Eureka Growth Capital (“Eureka”) today announced that its portfolio company, Jansy Packaging (“Jansy”), a leading provider of specialty packaging solutions including design and outsourced production capabilities for its branded consumer products customers, has completed the acquisition of Cogent Partners (“Cogent”). Founded in 2004 in Pomona, California, Cogent is a distributor of packaging products and services, included turnkey outsourced production services, primarily to U.S.-based specialty consumer products customers. While based in California, Cogent also provides international sourcing and quality assurance services for its customers including on-site interactions with and management of its many strategic manufacturing relationships.
Brad Zaikov, CEO of Jansy, said, “I take great pleasure in announcing the acquisition of Cogent Partners, which will enhance Jansy’s already strong sourcing and quality assurance capabilities with the establishment of a Jansy office and professional service staff in Dongguan, China. With the acquisition of Cogent, Jansy strengthens its capability to internally manage and directly oversee the production of its customers’ goods from ideation through fulfillment.”
With the acquisition, Cogent CEO and co-founder James Chen has joined the Jansy senior management team as Chief Production Officer. Mr. Chen stated, “The acquisition of Cogent Partners by Jansy Packaging is a win-win for both companies and for our respective valued customers that count on us to meaningfully differentiate their products. Cogent Partners’ existing customers will now have access to many new services, including Jansy’s award winning design and engineering capabilities. I am excited to join the Jansy team and support its continued growth as an industry leader.”
“Consistent with Eureka’s buy-and-build strategy, Brad and his team identified strategic acquisitions as an important ingredient in Jansy’s long-term strategy,” said Chris Miller, a Partner with Eureka and Director at Jansy. “The addition of Cogent to the Jansy platform significantly broadens Jansy’s international capabilities and leverages Jansy’s world-class design expertise across a wider array of consumer product categories.”
M&T Bank provided a term debt facility to support the acquisition.
About Jansy Packaging
Jansy Packaging, LLC is a leading provider of outsourced, value-added specialty packaging solutions for branded consumer products companies across a host of end-use industries. Headquartered in Fort Lee, NJ, with additional offices in Chicago, IL, and Huntington Beach, CA, Jansy offers a turnkey consumer packaging platform that combines design and engineering services with full-scale outsourced production and fulfillment capabilities. Jansy’s full service approach provides a compelling one-stop value proposition to its customers, bridging the divide between marketing and procurement, and saving its customers significant time and capital resources.
About Eureka Growth Capital
Eureka Growth Capital is a private equity firm targeting niche market leaders with up to $75 million in revenue. Eureka focuses on partnering with proven managers to drive the growth of promising companies into outstanding enterprises. Eureka leads buyouts that bring significant ownership to the operators driving the success of the business and minority recapitalizations with flexible investment structures designed to uniquely meet the needs of the company, its management team and other shareholders. More information about Eureka Growth Capital can be found at www.eurekagrowth.com.