Mezzo Continues to Build Cross-Border Advisory Experience
Mezzo continues to expand its cross-border M&A advisory experience, supporting clients on international transactions across Europe, Asia, and North America. Recent engagements highlight the firm’s ability to navigate complex, multi-jurisdictional processes and deliver successful outcomes in global markets.
Mezzo’s distinguishing experience includes a broad selection of international transactions. Dom Mazzone, founder of Mazzone & Associates, began his international business experience at The Home Depot, where, among other deals, he led the acquisition of the largest building products retailer in Mexico. Mazzone & Associates continues to build on its international experience with these recently completed transactions:
Mezzo was previously known as Mazzone & Associates.
Packaging Industry Activity Spotlight: Sponsor Market – Q1 2022
Mazzone & Associates will be releasing its Winter 2022 Packaging Industry Insights in the coming weeks, but in preparation for The Association for Corporate Growth's (ACG) M&A South 2022 taking place in Atlanta February 7-9, we wanted to preview 2021's activity in Packaging as it relates to the Sponsor Market. If you are attending M&A South 2022, we would be pleased to speak with you regarding our experience and expertise in the Packaging Market.
Mezzo will be releasing its Winter 2022 Packaging Industry Insights in the coming weeks, but in preparation for The Association for Corporate Growth's (ACG) M&A South 2022 taking place in Atlanta February 7-9, we wanted to preview 2021's activity in Packaging as it relates to the Sponsor Market. If you are attending M&A South 2022, we would be pleased to speak with you regarding our experience and expertise in the Packaging Market.
Mezzo was previously known as Mazzone & Associates.
Mezzo at ACG M&A South 2022
Mazzone & Associates is pleased to be an exhibitor at The Association of Corporate Growth’s (ACG) M&A South 2022 Conference (formerly Atlanta ACG Capital Connection). This live event presents the opportunity for intermediaries, corporate development officers, accountants, lawyers, senior lenders and other deal makers to meet and greet live with top private equity and mezzanine capital providers.
Mezzo is pleased to be an exhibitor at The Association of Corporate Growth’s (ACG) M&A South 2022 Conference (formerly Atlanta ACG Capital Connection). This liveevent presents the opportunity for intermediaries, corporate development officers, accountants, lawyers, senior lenders and other deal makers to meet and greet livewith top private equity and mezzanine capital providers.
If you are attending the event, please visit us at our exhibitor table H1. If you would like to connect with one of our professionals one-on-one, please reach out to our Executive Administrator Sara Ellen Brown at sbrown@mazzoneib.com to schedule a meeting.
M&A South 2022 will be held February 7-9, 2022 in Alpharetta, GA at the Hotel at Avalon.
The Hotel at Avalon, Autograph Collection
9000 Avalon Blvd.
Alpharetta, GA 30009
(678) 722-3600
To view the full agenda, click here.
To register, click here.
For information on venue safety, click here.
About M&A South
M&A South is the premier networking event in the southeast for participants in all facets of corporate growth and middle market deal making. The event presents the opportunity for intermediaries, corporate development officers, accountants, lawyers, senior lenders and other deal makers to meet and greet with top private equity and mezzanine capital providers. Exhibitors include approximately 200 private equity groups, investment banks and mezzanine capital funds.
Mezzo was previously known as Mazzone & Associates.
M&A Insights: Labor Dynamics
Owners and Managers need to prepare strategies for answering this issue to not only grow their businesses, but also to make the most of transactions.
As part of our year-end review, we reflected on how the current labor dynamic is impacting many of our clients. Those in manufacturing know how difficult it was in 2021 to maintain, much less expand, the workforce to meet increased demands from customers. This problem was echoed in McKinsey’s 2021 year-in-review highlights, which pointed to a September 2021 survey in which “40% of employees said that are at least somewhat likely to quit in the net three to six months.” Wow. Even if off by 50%, wow. The labor shortage has been a long time coming, and per McKinsey’s study, is not going away.
This has implications in the M&A space as well. Last year, a potential acquirer of a sell-side client indicated that “he had a backlog and he had production lines – he just needed workers,” and that this was in part driving his interest in a transaction. Our client had a great work culture which attracted employees and provided low employee turnover – which shielded them from the worst of the labor crisis. For transactions, labor pressure raises the profile of workforce retention and automation to support growth in the face of scarcity of labor. Owners and Managers need to prepare strategies for answering this issue to not only grow their businesses, but also to make the most of transactions.
Mezzo Advises Rayven Inc. on its Sale to Duraco Specialty Tapes
Mezzo is pleased to announce that it acted as exclusive financial advisor to Rayven Inc. (“Rayven”), a developer and manufacturer of engineered packaging coatings, tapes, and release liners, on its sale to Duraco Specialty Tapes (“Duraco”), a leading manufacturer of pressure-sensitive tapes and specialty materials.
Mezzo is pleased to announce that it acted as exclusive financial advisor to Rayven Inc. (“Rayven”), a developer and manufacturer of engineered packaging coatings, tapes, and release liners, on its sale to Duraco Specialty Tapes (“Duraco”), a leading provider of pressure-sensitive tapes, labels and coated films.
Rayven, headquartered in St. Paul, Minnesota, offers custom developed, niche release liners, coated functional films, and pressure-sensitive adhesive tapes to a diverse portfolio of high-value end markets including flexible packaging, medical device, specialty building, and graphics.
“We are excited to partner with the strong operational teams at Duraco and OpenGate, who share our culture and entrepreneurial values, as well as our drive to create and deliver innovative products for our customers,” said Rayven President Joe Heinemann, who will remain in that role. "Our thanks to the Mezzo team for guiding our family through this process. Their insight and advice were instrumental in assuring a smooth process and a successful sale.”
OpenGate Capital acquired Duraco in June 2019 as a corporate carveout from Essentra PLC and has since completed four add-on acquisitions with Infinity Tapes in February 2020, Filmquest Group in March 2021, 3 Sigma in November 2021 and now Rayven.
The combination of these acquisitions and organic investments have significantly advanced Duraco’s core capabilities across formulation, coating, converting and distribution. With these investments, the Company is now positioned as an integrated, turnkey solutions provider in its markets with technology, product portfolio and capacity to drive growth with existing and future customers.
Ed Byczynski, Chief Executive Officer of Duraco, stated “The addition of Rayven builds on Duraco’s leadership position as a high-quality, custom manufacturer of coated flexible packaging film, niche release liners and specialty tapes in North America, and will expand Duraco’s developmental capabilities and add coating capacity to support the ongoing growth of the collective businesses.”
“Rayven is the latest testament to our focus on add-on investments as an accelerator of growth,” said Andrew Nikou, OpenGate Capital’s Founder and CEO. “The combination of Rayven’s operational capabilities, along with Duraco’s strong operating expertise and its seasoned management team will drive continued commercial growth into new markets.”
About Rayven
Rayven Inc. has over 60 years of experience manufacturing custom silicone release liners and PSA products. Founded in 1954, Rayven grew from one coating line for producing polyester label stock, to 2 manufacturing plants; one in St. Paul, Minnesota and its newest facility in Owatonna, Minnesota. Rayven supplies finished material ranging from letter sized sheets to slit rolls of all sizes.
About Duraco Specialty Tapes
Duraco is B2B of pressure-sensitive tapes and specialty materials, which are sold into highly attractive end markets including Point-of-Purchase displays, appliances, transit packaging, construction, signage and HVAC. Duraco’s application- specific tapes are strong alternatives to mechanical fasteners and traditional glues offering longevity, strength, efficiencies in customer’s assembly operations and breadth of substrates. In 2020, Duraco expanded its capabilities with the acquisition of Infinity Tapes, a leading manufacturer of customized adhesive products serving the high growth industrial and transit packaging end markets. Duraco is headquartered in Forest Park, IL. With warehousing locations throughout the United States and Canada, Duraco has a workforce of over 200employees and has been maintaining loyal relationships for over 40 years and is continuously growing with over 6,800 customers. To learn more about Duraco, please visit www.duraco.com.
About OpenGate Capital
OpenGate Capital is a global private equity firm specializing in the acquisition and operation of businesses to create new value through operational improvements, innovation, and growth. Established in 2005, OpenGate Capital is headquartered in Los Angeles, California with a European office in Paris, France. OpenGate’s professionals possess the critical skills needed to acquire, transition, operate, build, and scale successful businesses. To date, OpenGate Capital has executed more than 30 acquisitions across North America and Europe. To learn more about OpenGate, please visit www.opengatecapital.com.
Mezzo was previously known as Mazzone & Associates. Transactions completed prior to April 2026 were executed under the Mazzone & Associates name.
Mezzo Advises BouMatic, LLC on the Acquisition of SAC Group
Mezzo is pleased to announce that it acted as exclusive financial advisor to BouMatic, LLC (“BouMatic”), a global leader in the dairy equipment and robotics space, with respect to BouMatic’s acquisition of substantially all of the assets of SAC Group (“SAC”), a Denmark-based manufacturer of milking equipment.
Mezzo is pleased to announce that it acted as exclusive financial advisor to BouMatic, LLC (“BouMatic”), a global leader in the dairy equipment and robotics space, with respect to BouMatic’s acquisition of substantially all of the assets of SAC Group (“SAC”), a Denmark-based manufacturer of milking equipment.
Carsten Nielsen, General Manager of BouMatic Europe, stated, “We’re excited to join forces with SAC; this partnership brings unprecedented opportunities in line with our strategy to grow globally and expands our reach to partner up with dairy farmers worldwide. Our thanks to the Mezzo team, who provided sound strategic guidance and deal coordination throughout the process.”
BouMatic CFO Ken Artz added, “The combination of BouMatic and SAC yields significant growth potential that goes beyond what would have occurred as standalone companies. The Mezzo team assisted in organizing the transaction process and was instrumental in providing diligence support.”
Reflecting on the transaction, John Kotts, Owner of BouMatic, noted, “We are excited to welcome SAC Group into the BouMatic family; as a combined company, BouMatic and SAC will drive the future of the dairy industry for decades to come. I’ve personally worked with one principal at Mazzone for over 20 years, and the Mezzo team proved yet again to be experts in negotiating, structuring, and executing cross-border transactions.”
Maury Bell, Managing Director at Mezzo, commented, “BouMatic is a premier player in the global milking equipment space, and the acquisition of SAC only further solidifies the company’s market-leading position. It was a pleasure to work with the BouMatic team and Mr. Kotts, and we are pleased to have completed another successful transaction for BouMatic.”
About BouMatic
BouMatic is a leading global manufacturer of dairy equipment and robotics with more than 400 employees across its six locations. The company is headquartered in Madison, Wisconsin, with additional operations in Texas, Denmark, The Netherlands, Belgium, and France. BouMatic’s product catalogue ranges from cow ID, health, and traffic systems to milk collection systems, along with management and automation systems, milk cooling systems, on-farm hygiene, cleaning technologies for dairy plants, and manure handling systems. BouMatic’s products are currently marketed in more than 45 countries worldwide. For more information, please visit www.boumatic.com.
Going forward, BouMatic is seeking additional acquisitions that will expand the company’s footprint, enhance its product suite, and introduce innovative solutions to the dairy industry. Please contact Maury Bell at mbell@mazzoneib.com or Dustin Dawson at ddawson@mazzoneib.com with any prospective opportunities.
About SAC Group
Founded in 1938, SAC produces both traditional and automatic milking systems that are easy to use and maintain, are good for the animals, and are ergonomically optimal. SAC also operates Netherlands-based dairy knowledge center, Hokofarm Group, that places additional focus on data-driven milking and feeding technology. In addition to Hokofarm Group in the Netherlands and headquarters in Denmark, SAC maintains operations in Russia and France.
Mezzo was previously known as Mazzone & Associates. Transactions completed prior to April 2026 were executed under the Mazzone & Associates name.
Mezzo Advises ValorBridge Partners on its Investment in and the Subsequent Recapitalization of Fine Parking Group
Chris Amburgy, CEO of FINE, stated, “We are excited to partner with ValorBridge and look forward to introducing FINE’s signature quality-focused approach to new markets across the country. Mezzo proved to be creative and considerate in structuring a solution that achieved our desired outcome, both on the initial transaction and on the debt recap.”
Mezzo is pleased to announce that it acted as the exclusive financial advisor to ValorBridge Partners (“ValorBridge”) with respect to ValorBridge’s investment in Fine Parking Group (“FINE” or the “Company”) and the subsequent recapitalization of the FINE’s senior debt.
Chris Amburgy, CEO of FINE, stated, “We are excited to partner with ValorBridge and look forward to introducing FINE’s signature quality-focused approach to new markets across the country. Mezzo proved to be creative and considerate in structuring a solution that achieved our desired outcome, both on the initial transaction and on the debt recap.”
Reflecting on the transaction, Christopher Durham, General Manager of ValorBridge, noted, “We are excited about our new partnership with Chris Amburgy, Charles Billera, and the FINE team and look forward to supporting them in their next phase of growth. The Mezzo team conducted yet another smooth transaction from start to finish and ultimately delivered another strong portfolio company for ValorBridge.”
About FINE Parking Group
FINE Parking Group is the owner and operator of four premium off-airport parking facilities located at Denver International Airport, Tulsa International Airport, and William P. Hobby and George Bush Intercontinental Airports in Houston. FINE’s broad array of service offerings, including auto detailing, valet services, and rewards programs, sets it apart from other off-airport parking options, and has facilitated the growth of a loyal customer base across the Company’s geographies.
Going forward, FINE is actively seeking opportunities for the acquisition or development of airport and urban parking facilities in markets with favorable and sustainable growth characteristics. Please contact Dustin Dawson with any prospective opportunities.
About ValorBridge Partners
ValorBridge Partners is an Atlanta-based private evergreen holding company that owns, operates, and invests in healthcare, financial services, real estate, and industrial supplies and service companies. With a track record spanning over two decades, ValorBridge’s uncommon combination of substantial entrepreneurial, operational, and classic value investing experiences, as well as its long-term orientation as an investor, have positioned the company as a strong partner in providing capital to growing companies. ValorBridge also offers a wealth of strategic guidance and experience gained from successfully growing companies at all stages of the business life cycle.
Mezzo was previously known as Mazzone & Associates. Transactions completed prior to April 2026 were executed under the Mazzone & Associates name.
Industry Insights: Global Packaging – Fall 2021
2021 has witnessed remarkable rebounds for the economy generally, the transaction market overall, and specifically for the Packaging Transaction Market. The economy rebounded particularly well through mid-year 2021, with the US GDP growing over 6% in each of Q1 and Q2 and defying the rise of the delta variant, inflationary pressures, supply chain disruptions, and a disconnect between labor demand and willing workers. This success was mirrored in the deal-making marketplace, particularly among financial sponsors (Private Equity), which drove volumes that will surpass 2019's former annual record [i]. Acquirers are riding the high economy, a very favorable lending environment, and sellers seeking to avoid a potential increase in tax rates in 2022.
2021 has witnessed remarkable rebounds for the economy generally, the transaction market overall, and specifically for the Packaging Transaction Market. The economy rebounded particularly well through mid-year 2021, with the US GDP growing over 6% in each of Q1 and Q2 and defying the rise of the delta variant, inflationary pressures, supply chain disruptions, and a disconnect between labor demand and willing workers. This success was mirrored in the deal-making marketplace, particularly among financial sponsors (Private Equity), which drove volumes that will surpass 2019's former annual record [i]. Acquirers are riding the high economy, a very favorable lending environment, and sellers seeking to avoid a potential increase in tax rates in 2022.
Mezzo was previously known as Mazzone & Associates.
Mezzo Advises UMI on its Sale to The Dupps Company
Reflecting on the transaction, Jessica Colbert, President and owner of UMI, noted, “We are excited about continuing the legacy of my Dad, Edward Hill, and the next phase of growth for UMI as part of The Dupps Company. We value the long relationship UMI has had with the Mezzo team and appreciate their continued advice and value they drove for us over the years, including through this transaction with The Dupps Company.”
Mezzo is pleased to announce that it acted as the exclusive financial advisor to Universal Maintenance Inc. (“UMI”) with respect to its sale to The Dupps Company on September 1, 2021.
Reflecting on the transaction, Jessica Colbert, President and owner of UMI, noted, “We are excited about continuing the legacy of my Dad, Edward Hill, and the next phase of growth for UMI as part of The Dupps Company. We value the long relationship UMI has had with the Mezzo team and appreciate their continued advice and value they drove for us over the years, including through this transaction with The Dupps Company.”
Bill Gehr, CFO of The Dupps Company commented, “We are thrilled to help build upon the legacy of UMI and work with Ms. Colbert and the UMI team to continue the strong service and growth of UMI as part of The Dupps Company. Thanks to Mezzo for its help working with us to facilitate a smooth transaction process from due diligence through closing.”
About Universal Maintenance Inc.
Universal Maintenance Inc. is an engineering, design and construction project management company with an established reputation for providing manufacturing plants a turn-key service solution—everything from engineering, design, fabrication, installation to maintenance. UMI works mostly in the growing poultry industry.
About The Dupps Company
The Dupps Company is a worldwide leader in protein recycling systems and service. From its founding, Dupps has focused on renewable resources, starting with the ‘original recyclers’—those rendering companies around the world that recycle millions of tons of animal byproducts every year. Dupps offers a comprehensive range of protein co-products processing equipment, service and support for red meat, poultry and fishmeal applications.
Mezzo was previously known as Mazzone & Associates. Transactions completed prior to April 2026 were executed under the Mazzone & Associates name.
Mezzo Advises ValorBridge on its Investment in Brightlink
Sean Dwyer, CEO of Brightlink commented, “We are thrilled to partner with ValorBridge for growth capital as it allows us the flexibility to continue scaling our business and meet growing market demand. This is exciting news for the entire Brightlink team, our customers and our partners. Thanks to ValorBridge’s investment, we will be able to keep up with the growing demand of our market and will have the ability to continue scaling towards a bright future.”
Mezzo is pleased to announce that it acted as the exclusive financial advisor to ValorBridge Partners (“ValorBridge”) with respect to its investment in Brightlink Communications (“Brightlink” or the “Company”).
Reflecting on the transaction, Christopher Durham, General Manager of ValorBridge, noted, “We are excited about our new partnership with Brightlink and look forward to supporting them in their next phase of growth. The Mezzo team drove value by introducing us to the management team and creatively structuring a win-win deal for us and Brightlink.”
Sean Dwyer, CEO of Brightlink commented, “We are thrilled to partner with ValorBridge for growth capital as it allows us the flexibility to continue scaling our business and meet growing market demand. This is exciting news for the entire Brightlink team, our customers and our partners. Thanks to ValorBridge’s investment, we will be able to keep up with the growing demand of our market and will have the ability to continue scaling towards a bright future.”
Dom Mazzone, Managing Director at Mezzo, noted, “Brightlink has established a solid market position and is poised to benefit from evolving demand for communication tools and services. We are excited to see Brightlink leverage ValorBridge’s capital and resources to continue Brightlink’s exponential growth.”
Founded in 2004 and headquartered in Atlanta, Georgia, ValorBridge is a holding company that owns several affiliated operating companies. ValorBridge’s uncommon combination of substantial entrepreneurial, operational and classic value investing experiences, as well as its long-term orientation as an investment partner, has positioned it as a strong partner in providing capital to growing companies. ValorBridge also offers a wealth of strategic guidance and experience gained from successfully growing companies at all stages of the business life cycle.
Headquartered in Atlanta, Georgia, Brightlink is a leading communications platform and technology company that delivers voice, messaging, analytics, and cloud-based solutions. The Company’s cutting-edge Communications Platform as a Service (CPaaS) platform, cloud-based applications, managed white-label hosted PBX and Unified Communications as a Service (UCaaS) solutions, and network services are used by companies ranging from small to mid-sized businesses to the largest enterprises and communication service providers around the globe.
Mezzo was previously known as Mazzone & Associates. Transactions completed prior to April 2026 were executed under the Mazzone & Associates name.
Market Review: Sustainability in Packaging
In this summary, we highlight trends, developments and M&A activity within the sustainable packaging market including key trends in the supply chain and in regulation, mergers and acquisitions activity, and investment opportunities within the sustainable ecosystem.
Mezzo understands the key trends and pitfalls in the sustainable packaging market with recent deal experience as well as long-standing industry knowledge. In this summary, we highlight trends, developments and M&A activity within the sustainable packaging market including key trends in the supply chain and in regulation, case studies in mergers and acquisitions activity, and investment opportunities within the sustainable ecosystem.
Mezzo was previously known as Mazzone & Associates.
M&A Insights: Inequity in Sales of Minority, Woman and Veteran Owned Businesses
In order to level set the playing field for minority, woman and veteran owned businesses (“MWVOBs”), those businesses can “check the box” to be given preferential designations to bid for contracts to provide goods or services to the government or large corporations. This has helped MWVOBs drive sales growth they may have otherwise struggled to compete to land.
In order to level set the playing field for minority, woman and veteran owned businesses (“MWVOBs”), those businesses can “check the box” to be given preferential designations to bid for contracts to provide goods or services to the government or large corporations. This has helped MWVOBs drive sales growth they may have otherwise struggled to compete to land.
However, as issue arises when MWVOBs want to sell their business. Often, a significant portion of a MWVOB is derived from them “checking the box.” The dilemma is that most poential buyers of MWVOBs cannot check the same box and, therefore, are legitimately concerned that the revenues derived from “checking the box” will go away after closing. Consequently, most potential buyers either offer lower than market valuations (i.e., lower than market prices) or do not bid at all. A handful of minority and woman owned private equity funds have been formed, but they are capitalists aware of this market phenomenon and try to simply bid slightly higher than already low bids thereby not really providing a better market for these businesses.
My solution is twofold. First, legislatively allow the buyer of a MWVOB to continuing “checking the box” just as the prior owner did, thereby allowing the buyer to pay a more fulsome purchase price at closing to that minority, woman or veteran owner. This solution allows these designations to give more complete value to the owners of MWVOBs and creates more long-term capital for investment by prior MWVOB owners.
Second, any MWVOB owner who sells, mergers, liquidates or otherwise disposed of her or his business, whether by selling a majority of the shares or assets, can no longer use that designation. The purpose of this provision is to minimize shams and persons who are using this system meant to level the playing field as a new playground for inequity.
This solution is not perfect. This solution is a practical approach to solving a market inequity for owners of MWVOBs without creating additional inequities in the system.
Mezzo Advises Roplast on its Sale to PreZero
Robert Bateman, retired CEO and co-founder of Roplast, reflected on the transaction: “We are quite satisfied with the result and Roplast’s new partnership with PreZero. In these uncertain times, the Mezzo team proved invaluable, providing guidance and driving the marketing process with domestic and international parties. I doubt whether anyone could have advised us better.”
Mezzo is pleased to announce that it acted as the exclusive financial advisor to Roplast Industries, Inc. (“Roplast” or the “Company”) with respect to its sale to PreZero US (“PreZero”), a subsidiary of the parent company Schwarz Group, headquartered in Neckarsulm, Germany. The terms of the transaction were not disclosed.
PreZero and Roplast come together just as increasing U.S. legislation will be requiring more recycled content in packaging. As noted by PreZero’s press release, this transaction reflects “PreZero’s business goal to vertically integrate and deliver its closed loop solutions to support the circular economy.”
Robert Bateman, retired CEO and co-founder of Roplast, reflected on the transaction: “We are quite satisfied with the result and Roplast’s new partnership with PreZero. In these uncertain times, the Mezzo team proved invaluable, providing guidance and driving the marketing process with domestic and international parties. I doubt whether anyone could have advised us better.”
Robert Berman, co-founder of Roplast, commented “We are excited for Roplast and its future prospects with its new partner. The Mezzo team did a great job at understanding our business and market position in sustainable packaging. They were extremely thorough and did an outstanding job guiding our team and ensuring the transaction ran smoothly for all parties.”
Jonathan White, Managing Director at Mezzo, noted “We invested significant time to identify the right partner for our client. We found a great fit in Schwarz and PreZero, as they will build and enhance the sustainable product lines that are important to shareholders, management, and customers.”
Stuart Sanford, Vice President at Mezzo added “This is a great outcome for all parties. It is even more impressive if you consider that the deal was completed with an international buyer during the COVID-19 pandemic, which disrupted sustainability regulations, supply chains, and customers’ forecasts.”
Founded in 1989, Roplast is a leader in providing sustainable flexible packaging in the form of polyethylene film, bags and other flexible packaging. Based in Oroville, CA, the Company is a leader in providing certified recycled content in its packaging for its customers as well as developing closed loop solutions for the circular economy. Roplast manufactures, converts, and prints its products for a variety of markets.
Mezzo was previously known as Mazzone & Associates. Transactions completed prior to April 2026 were executed under the Mazzone & Associates name.
M&A Insights: Supply & Demand on Valuations in the Capital Markets
The merger and acquisition activity in the capital markets is currently extraordinary, and I believe we could set records for activity level and volumes in 2021.
Mezzo was previously known as Mazzone & Associates.
M&A Insights: The SPAC Boom
There are over 550 SPACS seeking acquisition targets, and that number is rapidly growing.
Mezzo was previously known as Mazzone & Associates.
Industry Insights: Packaging – Winter 2021
With 2020 finally behind us, we can see how the global pandemic impacted the packaging industry and, more specifically, packaging mergers & acquisitions. Overall, Packaging fared better than many sectors of the economy. This was in part driven by a large portion of packaging destined for inelastic markets such as food, personal care, and healthcare as well as a favorable raw material environment for the better part of the year. However, a deeper dive into the various packaging end markets leads to a wide array of year-over-year results for sales and volumes.
With 2020 finally behind us, we can see how the global pandemic impacted the packaging industry and, more specifically, packaging mergers & acquisitions. Overall, Packaging fared better than many sectors of the economy. This was in part driven by a large portion of packaging destined for inelastic markets such as food, personal care, and healthcare as well as a favorable raw material environment for the better part of the year. However, a deeper dive into the various packaging end markets leads to a wide array of year-over-year results for sales and volumes.
Mezzo was previously known as Mazzone & Associates.
Mezzo Advises iVision on its Sale to CIVC Partners
Reflecting on the transaction, David Degitz, Managing Member of iVision, noted, “We are excited about our new partnership with CIVC and their ability to help us achieve our growth goals. The Mezzo team proved to be invaluable in conducting their marketing process through these uncertain times. Their team tailored the process, notwithstanding limitations of travel due to COVID, to ensure we found a high-quality partner that would close with speed and certainty.”
Mezzo is pleased to announce that it acted as the exclusive financial advisor to iVision, Inc. (“iVision” or the “Company”) with respect to its sale to CIVC Partners (“CIVC”) in partnership with management.
Reflecting on the transaction, David Degitz, Managing Member of iVision, noted, “We are excited about our new partnership with CIVC and their ability to help us achieve our growth goals. The Mezzo team proved to be invaluable in conducting their marketing process through these uncertain times. Their team tailored the process, notwithstanding limitations of travel due to COVID, to ensure we found a high-quality partner that would close with speed and certainty.”
Gabe Damiani, Managing Member of iVision, noted, “We began planning this transaction with the Mezzo team several years in advance. They became well-versed in our business and acted as an extension of our team, which yielded an efficient process despite challenges due to COVID with respect to deal making.”
Andrew Roche, a Vice President with CIVC, commented, “We are thrilled to partner with David, Gabe and the rest of the management team to grow an already clear leader in the IT managed services space. The Mezzo team did a superb job making the transaction efficient for all parties throughout the deal.”
Dom Mazzone, Managing Director at Mezzo, noted, “David and Gabe have built a world class organization at iVision. It was an honor to work with their team and help select a partner that aligns with their culture and values. We believe iVision and CIVC are poised for tremendous success in their new partnership.”
Headquartered in Atlanta, Georgia, iVision is a leading managed services and technology consulting provider for mid-market and enterprise clients. The Company supports clients across the globe and possesses deep expertise in the legal vertical. Over the last 16 years, iVision has established itself as a premier managed services provider, serving the complex cloud, data center, networking, security and application needs of its clients.
CIVC Partners is a Chicago-based private equity firm investing in high growth middle market companies in business services sectors. Since 1989, the team has invested approximately $1.8 billion in 67 platform companies and currently invests from CIVC Partners Fund V.
Mezzo was previously known as Mazzone & Associates. Transactions completed prior to April 2026 were executed under the Mazzone & Associates name.
Industry Insights: Packaging – Summer 2020
As we now enter the seventh month of our pandemic-induced recession, we find ourselves still dominated by uncertainty – uncertainty in our COVID-19 recovery timeline, uncertainty in our economic recovery, and uncertainty about the long-term impacts of changes in how society will operate in the future. With several months of data now available, we can now begin to assess how has this impacted M&A for the Packaging Industry.
As we now enter the seventh month of our pandemic-induced recession, we find ourselves still dominated by uncertainty – uncertainty in our COVID-19 recovery timeline, uncertainty in our economic recovery, and uncertainty about the long-term impacts of changes in how society will operate in the future. With several months of data now available, we can now begin to assess how has this impacted M&A for the Packaging Industry.
Mezzo was previously known as Mazzone & Associates.
ValorBridge Partners' “Extending the Drive" Non-Control Equity Program
Mazzone & Associates is assisting ValorBridge Partners (“ValorBridge”), an investment holding company, in identifying opportunities to provide business owners with a new source of streamlined non-control equity capital in its “Extending the Drive” Program.
Mezzo is assisting ValorBridge Partners (“ValorBridge”), an investment holding company, in identifying opportunities to provide business owners with a new source of streamlined non-control equity capital in its “Extending the Drive” Program. The objective is to allow companies to sustain operations and capitalize on interesting growth opportunities which may exist despite the recent market disruption. As Vince Lombardi once said, “People who work together will win, whether it be against complex football defenses, or the problems of modern society.”
For over 20 years, ValorBridge has been providing capital to business owners. The “Extending the Drive” Program targets non-control equity investments between $3 million and $15 million. The proceeds can be used to refinance existing indebtedness as well as provide funding for working capital, growth opportunities or capital expenditures to support existing operations.
“Extending the Drive” Key Terms*
First Down: Targeted closing in 25 days
Second Down: Borrower may repurchase after 25 months at fair market value
Third Down: Convertible into up to 25% of the common equity depending on the company’s valuation
Fourth Down: Deployment of needed funds out of a $100 million pool allocated for the Program
*Other terms to include: Structured as minority preferred equity with dividends (six months PIK-only, then 50% cash, 50% PIK) to allow companies time to manage through the pandemic.
We promise a quick response, an efficient diligence process and, most importantly, a committed partner for you or your clients. ValorBridge is investing using private capital funded by its operating companies like ApolloMD, Crown Asset Management and Guardian Fueling Technologies, which ValorBridge has helped grow for decades. Therefore, there are no limited partners (LPs), debt providers nor other outside stakeholders that need to approve the deployment of capital. ValorBridge stands behind what it says and seeks to leave its businesses on stronger footing when it is time to exit.
ValorBridge believes in leaning into growth, even amidst uncertainty like the current pandemic. An investment now from ValorBridge Partners would provide the added benefit of future financing capability for any potential business needs.
Investment Criteria
Headquartered in U.S.
Industries of Interest:
Business Services
Industrial Services
Niche Manufacturing
Value-added Distribution and Logistics
Industries of No Interest:
Restaurants/Hospitality
Real Estate
Consumer Products
Healthcare Services with Reimbursement Risk
Preference for family-owned or entrepreneur-led businesses with barriers to entry
Please contact us if you are or become aware of any situations where ValorBridge’s capital may help.
Mezzo was previously known as Mazzone & Associates.
Doing Our Part to Help: Pro-Bono Counseling
Our team at Mazzone & Associates is currently offering pro bono consulting and advisory support for businesses struggling through the COVID-19 crisis. Whether you are part of a family-owned business or a sponsor with a challenge at a portfolio company, please let us know if we can help you in any way.
Our team at Mezzo is currently offering pro bono consulting and advisory support for businesses struggling through the COVID-19 crisis. Whether you are part of a family-owned business or a sponsor with a challenge at a portfolio company, please let us know if we can help you in any way. A few ways we can help may be:
Cash flow forecasting and management;
Strategy for managing conversations with lenders, suppliers, customers, etc.;
Evaluating potential debt or equity capital options;
Providing introductions to resources that may be able to help; or
Providing our deep knowledge and experience to discuss ideas.
We're happy to hold quick phone calls or spend more meaningful time -- please let us know what we can do to help. If you, one of your clients, or one of your friends could use a hand, please do not hesitate to reach out to any of us to set up a time to speak.
We hope that you, your family, and your teams are staying healthy. We look forward to getting through this together and getting back to normal as quickly as possible.
Best regards,
Dom Mazzone
Mezzo was previously known as Mazzone & Associates.