Kohlberg & Co. LLC, a private equity firm headquartered in Mount Kisco, NY, has acquired DecoPac Inc., a supplier of cake decorations and related products to professional cake decorators and bakeries, from Snow Phipps Group LLC.
“We are very grateful for Snow Phipps’ support and guidance over the last three and a half years, as the business has flourished,” said Cindy Mahoney, CEO of DecoPac. “The transition from the successful ownership of the founding McGlynn family to Snow Phipps was a complete success and positioned DecoPac for ongoing growth and value-creation. Our future is very bright with Kohlberg. Kohlberg is committed to investing in DecoPac to make us an even stronger organization with additional capabilities. With our world class capabilities, proprietary technology platforms and experienced management team, DecoPac is well positioned to take advantage of growth opportunities in the market.” “DecoPac is an undisputed market leader that brings innovation to classic and enduring traditions for celebrations. It has been our pleasure to have contributed to their recent success and transition from family ownership,” said Alan Mantel, Partner of Snow Phipps.
Seth H. Hollander, partner of Kohlberg commented, “A business with DecoPac’s market position and distribution capabilities represents a unique investment opportunity. We look forward to supporting Cindy and her team as they continue to execute their plan for growth in its core business and its technology platforms, while continuing to provide their customers with best-in-class service. We look forward to a continuation of the success experienced under Snow Phipps’ leadership.”
Members of DecoPac’s management team, including former CEO and current Chairman John Anderson, and the McGlynn Family, will be investing alongside Kohlberg in the transaction. Anderson will continue to serve on DecoPac’s board of directors.