Mereo Capital Partners and Hyperion Capital Partners, both private investment firms, have purchased Algus Packaging LLC, a provider of thermoformed blister and clamshell packaging and a manufacturer of blister seal machines.

Founded in 1995 and headquartered in DeKalb, Ill., Algus offers packaging services to blue-chip customers across multiple end markets.

“We are thrilled to have Mereo and Hyperion as our partners as we embark on an exciting new chapter in our company’s history,” says Rod MacNeille, chief executive officer of Algus. “We look forward to collaborating with them to execute on our strategic initiatives.”