Rainier Partners acquires Calpine Containers
Rainier Partners has acquired Calpine Containers, Inc, and its subsidiaries (Calpine) in partnership with members of the company’s management team. Headquartered in Clovis, CA, Calpine is one of the largest West Coast packaging distributors serving the agriculture industry. Rainier’s investment will accelerate Calpine’s growth while maintaining its focus on quality, reliability, and customer service.
“The entire Calpine team is excited to partner with Rainier,” says Walt Tindell, CEO of Calpine. “Since Calpine’s founding in 1895, we have worked hard to establish a reputation for excellent service and dependability. We look forward to continuing that tradition with Rainier’s support. Rainier’s distribution industry expertise and experience will be invaluable as we work to better serve our customers and capitalise on compelling growth opportunities in the market.”
Alex Rolfe, Managing Partner of Rainier, says: “Calpine’s track record of exceptional service, quality products, and fair pricing provides a solid foundation upon which we are excited to build. We look forward to working with Walt and the entire Calpine team.”
Jon Altman, Managing Partner of Rainier, adds: “Calpine has a well-earned reputation as a dependable partner to its customers. We are thrilled Calpine has chosen to partner with us and look forward to supporting management as Calpine extends its 125-year history.”
Calpine’s employees have retained an ownership interest in the Company alongside Rainier. The Company will continue to be managed by Walt Tindell, Ken Sommers (CFO), and Eva Hammond (CAO).