Packaging Distribution Services enhances capabilities with acquisition of leading packaging services company
CHICAGO — Sept. 10, 2018 — Packaging Distribution Services, a national distributor of corrugated boxes, specialty cartons and packaging materials, recently acquired packaging services provider Serenity Packaging Corporation. Sikich Investment Banking served as the exclusive sell-side adviser to Serenity Packaging.
“Serenity Packaging has robust capabilities and can accommodate customers’ unique design and functional requirements,” said Thomas Davenport, director at Sikich Investment Banking and leader of the team’s industrials practice. “Serenity’s strong reputation and highly scalable infrastructure make it a valuable addition to PDS.”
Sikich Investment Banking offers mergers and acquisitions and capital markets advisory services. The team has deep experience across many industries, particularly technology, manufacturing and distribution, health care and life sciences, and business and professional services.
“We’re pleased we were able to play a key role in this deal,” said Rick Herbst, partner-in-charge of Sikich Investment Banking. “Our team of experts is well-equipped to help businesses like Serenity Packaging carefully and comprehensively consider their options for acquisition or investment.”
Packaging Distribution Services is headquartered in Des Moines, Iowa, and also has offices in Omaha, Nebraska, and Minneapolis, Minnesota. Serenity Packaging Corporation is based in St. Charles, Illinois.
“PDS is a packaging industry leader, and we’re excited to join their strong team,” said Chuck Stencel, president and CEO of Serenity Packaging Corporation. “Our packaging solutions capabilities will help PDS bolster their offerings and enhance customer service.”
Transaction terms were not disclosed.
About Sikich LLP
Sikich LLP, a leading professional services firm specializing in accounting, technology, investment banking* and advisory services**, has more than 750 employees throughout the country. Founded in 1982, Sikich now ranks as the country’s 28th largest Certified Public Accounting firm and is among the top 1 percent of all enterprise resource planning solution partners in the world. From corporations and not-for-profits to state and local governments, Sikich clients can use a broad spectrum of services and products that help them reach long-term, strategic goals.
*Securities offered through Sikich Corporate Finance LLC, member FINRA/SIPC.
**Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor.
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