CenterGate Capital (“CenterGate”), an Austin-based private equity investment firm, announced today that its affiliate has made an investment in United Envelope (“United,” or the “Company”), an industry-leading envelope manufacturing company with 89 years of experience providing direct mail and transactional envelopes to the nation's largest mailers.
Established in 1932 and headquartered in Ridgefield, New Jersey with additional state-of-the-art manufacturing locations in Pennsylvania and Ohio, United specializes in manufacturing and printing of envelopes for its blue-chip customer base, which includes financial services, non-profit, healthcare, and government end markets. United Envelope has an industry-leading reputation for dependable service, high-quality product, and extensive customization capabilities.
President and CEO Ken Bernstein, who will continue to lead United, said, “We are proud of the success that United Envelope has achieved in becoming a world-class envelope manufacturer over our 89-year history. We are excited about our partnership with CenterGate and believe CenterGate will provide the resources and capabilities necessary to continue the Company’s growth, expand our capabilities, and maintain our relentless focus on serving our customers.”
Michael Smith, Managing Director at CenterGate Capital, added, “Ken and the United team have built a modern, efficient organization delivering the highest levels of customer satisfaction in the industry. We are pleased to partner with Ken and the United team, continue their success, and support their vision for the future.”
CenterGate Capital was represented by McDermott, Will & Emery in the transaction.
CIBC Cleary Gull served as exclusive financial advisor to United Envelope in the transaction.
About United Envelope
United Envelope is one of the largest envelope manufacturing and printing companies in North America and operates out of three state-of-the-art manufacturing facilities in New Jersey, Pennsylvania, and Ohio. The Company manufactures and prints billions of envelopes annually for a broad base of customers across a variety of end markets. The Company’s industry-leading reputation of producing high-quality, custom product with excellent customer service has allowed it to develop longstanding blue-chip customer relationships with the highest volume mailers in North America.
About CenterGate Capital
CenterGate Capital is an Austin, Texas-based private equity firm focused on partnering with lower middle market companies with the potential to achieve transformational growth through operational and strategic development. CenterGate brings a balance of financial and operational experience and strategic insight to assist management in driving long-term, sustainable growth. For more information, please visit www.centergatecapital.com.