Pfingsten Partners portfolio company, Oliver Inc. Acquires Boutwell, Owens & Co.
Genz & Associates, Inc. (“Genz”) is pleased to announce the acquisition of Boutwell, Owens & Co. (“Boutwell” or “Boutwell Packaging”) by Pfingsten Partners portfolio company, Oliver Inc. (“Oliver”). Based out of Fitchburg, MA, Boutwell is a manufacturer of high-quality folding carton and blister card packaging serving personal care, healthcare, automotive aftermarket, food and beverage and consumer products markets.
Oliver has made significant investments in modern equipment, facilities and people since Pfingsten became majority shareholder in May 2016. The Boutwell transaction represents Oliver’s third strategic acquisition and aligns with Pfingsten’s strategy to create a leading provider of innovative, high quality packaging solutions.
Pfingsten retained Genz as their buy-side M&A advisor to assist with Oliver’s growth strategy through acquisitions. Genz identified Boutwell through our comprehensive search process, TargetSelect. The acquisition of Boutwell marks the first acquisition Genz has closed with Oliver and the second with Pfingsten.