A Florida PET packaging maker is receiving an undisclosed minority investment from a private investment firm in a deal that's close to home.
Both Captiva Containers LLC and Trivest Partners are both based in Miami-Dade County, Fla.
Trivest is making the investment in Captiva through its Trivest Growth Investment Fund II (TGIF), which is described by the firm as "a dedicated non-control fund which was designed to solve founders' need for a value-added capital partner while maintaining operational and financial control of their businesses."
"TGIF's unique offering enabled us to partner with a world-class [private equity] firm while maintaining control of our business," Captiva said in an announcement of the investment. "We are thrilled to bring on a partner with such great resources behind it to help us in this next stage of our company's growth."
Captiva was founded in 2013 and makes both PET bottles and jars. The company has nearly 1,000 customers in the food and beverage, nutraceutical and household products segments.
"Captiva has built a compelling business by combining best-in-class design and manufacturing capabilities with outstanding customer service," said Jonathan Schonfeld, a principal at Trivest, in a statement.