Los Angeles Real Estate Litigation Lawyer Jeffer Mangels Butler & Mitchell LLP Home
Jeffer Mangels Butler & Mitchell LLP (JMBM) is pleased to announce that Thermosource Tooling & Manufacturing (TTM), a leading supplier of thermoformed food packaging solutions, has been acquired by AmerCareRoyal, LLC (ACR), a supplier of disposable foodservice supplies, backed by HCI Equity Partners.
“TTM is proud and very excited to join HCI and the AmerCareRoyal family of businesses,” said Paul Smith, President of TTM in a press release. “Being able to access ACR’s strong customer relationships, North American distribution network, and professional sales force is a perfect fit for TTM. We are looking forward to adding to the fantastic growth of the combined businesses.”
The JMBM corporate team was led by partner Jeffrey Groendal with assistance from Margaret Beale-Wirsing and Michelle Choi. The JMBM tax team was led by Jamie Ogden with assistance from Alex Palabrica. Multiple other subject matter experts at JMBM also contributed.
“The JMBM attorneys who worked on this transaction are incredibly professional and are true experts in their fields. It shows in all their interactions as well as in how they lead their respective teams,” said Johnny Giakouminakis, CFO and COO of TTM.
“Congratulations are in order to Paul Smith, Johnny Giakouminakis, and the entire TTM team on this result,” said Groendal. “JMBM was extraordinarily proud to serve as TTM’s counsel. We look forward to its growth as another add-on acquisition of ACR.”
About Thermosource Tooling & Manufacturing
Thermosource Tooling and Manufacturing was founded in 2004 and is headquartered in El Segundo, California. The company supplies thermoformed packaging products to the food service, food production, and grocery industries. For more information, please visit www.thermosourcetooling.com.
About JMBM’s Mergers & Acquisitions Group
JMBM’s Mergers & Acquisitions Group represents buyers, sellers and capital providers in a wide variety of mergers, acquisitions, control sales and financings. The M&A Group’s lawyers provide start-to-finish assistance with the structuring, negotiation, documentation and closing of the deal. For more information, visit www.jmbm.com.
