The private equity group of Ares Management Corp. has purchased the Resource Label Group LLC, a manufacturer of pressure sensitive labels, shrink sleeves and RFID/NFC technology, from First Atlantic Capital Ltd., a New York‐based private investment firm specializing in acquiring and growing mid‐size companies, and TPG Growth, the middle market and growth equity platform of global alternative asset firm TPG.
Mike Apperson, President and CEO of Resource Label Group, said, “First Atlantic and TPG Growth have been instrumental in helping us execute our growth plans. Their unwavering support has allowed us to focus on our customers, grow our capabilities, and achieve market leadership. The opportunity ahead of us is extremely exciting, we look forward to accelerating our growth and offering our customers more innovative solutions to help them grow their business.”
Roberto Buaron, chairman and CEO of First Atlantic Capital, said, “Resource Label Group is an outstanding business and we are very pleased by the transformation we have helped it achieve. Led by CEO Mike Apperson, Resource Label’s management team has done an excellent job strategically scaling the business to serve diversified, attractive, and high-growth end markets across North America and expand its customer base and end-market penetration. Resource Label has grown impressively in recent years and I am confident it is well positioned to accelerate growth in the years to come.”
Dechert LLP served as legal advisor to Resource Label Group and Harris Williams served as financial advisor.