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HighBank serves as exclusive financial advisor to Adcor Packaging Group, LLC on the sale of its Filling Division to Bevcorp LLC

July 31, 2014

HighBank Advisors (“HighBank”), a Baltimore, Maryland based middle market investment bank, announces that it was the exclusive financial advisor to Adcor Packaging Group, LLC (“APG”) on the sale of its Filling Division to Bevcorp LLC.   Terms of the transaction were not disclosed.

As the exclusive owner of Crown Cork & Seal's OEM intellectual property, APG’s Filling Division combines a proven technology platform with its own innovative solutions to provide filling systems, process systems, replacement parts and services to the beverage industry.  The acquisition strengthens Bevcorp’s commitment to the beverage equipment marketplace, providing increased services to domestic and worldwide customers by expanding their resources and capabilities in engineering, sales, parts, and service.

“HighBank provided exceptional, high-touch advice throughout a complex corporate carve-out  transaction process. They were instrumental in achieving a successful outcome for our shareholders,” said CEO Brian Wallace. 

Stephen Gaines, Managing Director, at HighBank stated, “We are pleased to have had the opportunity to work with the outstanding leadership team at Adcor Packaging Group.  We believe this combination creates the premier new equipment filling systems, replacement parts and services business in the beverage industry.”

About Adcor Packaging Group, LLC

Adcor Packing Group, LLC is a leading provider of parts, service, design and engineering work to the beverage manufacturing industry throughout North America. The Company operates in two divisions, Beverage Filling Systems, Parts and Service and Custom Engineering.   http://www.adcorindustries.com/packaging.asp.

About Bevcorp LLC

Bevcorp is a full-service provider of can and bottle fillers, blenders, crowners, cappers, seamers, handling equipment, rinsers, refrigeration equipment and deaeration systems for our customers in the carbonated soft drink, beer, water, juice, energy drink and non-carbonated beverage industries. For more information, visit http://www.bevcorp.com/.

About HighBank Advisors LLC

HighBank is a full service mid-market investment bank and financial advisory firm. Headquartered in Baltimore, Maryland with regional offices in Raleigh, North Carolina and Philadelphia Pennsylvania, the firm provides advice on mergers and acquisitions, raising capital, exit and transaction planning, business valuations, fairness and solvency opinions, loan workouts and debt restructurings, and distressed asset sales. HighBank was formed on a mission that our clients and our people deserve to have their highest expectations met and to receive higher value for their investments of money and time. For more information, visit www.highbank.com.

All investment banking services are provided by HighBank Securities LLC (“HBS”), a registered broker-dealer and member of FINRA www.finra.org and SIPC www.sipc.org .  HBS is a wholly-owned subsidiary of HighBank Advisors.