Why Lindsay Goldberg?
Lindsay Goldberg teamed up with veteran industry-focused affiliate partners to acquire and turn around an underperforming West Coast corrugated system.
Investment Thesis Highlights
- Unique platform opportunity to pursue a thesis of building an integrated packaging company alongside proven industry executives.
- Strategic investments in underperforming assets: Identified numerous strategic capital investments in capacity, efficiency, and reliability that could meaningfully increase performance.
- Integration: Opportunities to drive vertical integration by optimizing existing assets and potential follow-on acquisitions.
- Strategic West Coast footprint: Compelling market dynamics included a scarcity of independent regional systems within the attractive West Coast market.
Post-Investment Value Creation
- Invested heavily in capital improvements, improving reliability, capacity, quality, and efficiency.
- Executed accretive acquisition in Southern California market, providing Crown access to the largest box market in the U.S.
- Enhanced best practices and operational accountability.
- Since Lindsay Goldberg’s initial investment, Crown has made significant strides in three key ESG areas: employee health and safety, environmental matters, and community and labor relations.