Houlihan Lokey Advises Palladium Equity Partners

Houlihan Lokey is pleased to announce that an affiliate of Palladium Equity Partners, LLC, has acquired Accupac, Inc. The transaction closed on January 17, 2020.

Palladium is a middle-market private equity firm with approximately $3 billion in assets under management. The firm seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital, strategic guidance, and operational oversight. Since its founding in 1997, Palladium has made 34 platform investments and more than 135 add-on acquisitions.

Accupac, headquartered in Mainland, Pennsylvania, is a U.S. provider of outsourced manufacturing and packaging solutions to pharmaceutical and over-the-counter (OTC) personal care product manufacturers. Founded in 1974, the company is a specialist in liquid topical and oral care products, including skin cream, toothpaste, moisturizing lotion, mouthwash, and other personal care products, many of which require FDA approval. The company has differentiated production and testing capabilities that lead to industry-leading quality assurance. Accupac is uniquely positioned in the $26 billion U.S. beauty and personal care manufacturing market, of which approximately $7 billion is within the company's topical and oral care product categories. The company operates two manufacturing facilities in the Mid-Atlantic region. Accupac employs more than 400 employees in Pennsylvania and nearly 200 in New Jersey. The company generated more than $200 million in revenue in 2019.

Houlihan Lokey served as the exclusive financial advisor to Palladium and assisted in structuring and negotiating the transaction on its behalf.