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Elm Creek Partners acquires Liberty Paper Products

Elm Creek Partners has acquired Liberty Paper Products, a Phoenix, Arizona-based specialty converter and distributor of thermal paper.

Liberty Paper Products provides customised solutions to its customers across a variety of end markets, including restaurants, point-of-sale, and gaming. Management believes that Liberty's best-in-class customer service and flexible manufacturing capabilities will serve as a strong platform for growth.
 
Mike Rapier, Liberty's founder and CEO, is staying with the company in his current role. Rapier rolled a portion of his sale proceeds into the new venture.
 
Elm Creek partnered with Henrikson & Graul Capital Partners (HGCP) to fund the acquisition. HGCP provided the majority of the equity and also participated in the subordinated debt.
 
Marquette Business Credit served as the senior lender while Medallion Capital partnered with HGCP on the subordinated debt. JDB Capital Partners was the exclusive adviser to the seller in the transaction.

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