Altamont Capital Partners announced that Billy Medof joined the firm as an Operating Partner. In this new role, Medof will accelerate Altamont’s investment thesis within the corrugated packaging industry, drawing on nearly 20 years of executive leadership experience. And Medof previously served as President of Georgia Pacific (GP) Corrugated and business leader for GP’s Sheet Feeders, which are subsidiaries of Koch Industries.
More recently, Medof was CEO of Procure Analytics, a group purchasing organization (GPO) and Genstar portfolio company, helping its 1,000+ member companies achieve needle-moving savings across categories, including MRO, packaging, and freight.
Medof’s industry expertise will enable Altamont to dedicate new focus and capabilities to the pursuit of partnerships in a growing and sustainable industry. And customer needs are evolving and intensifying – from growing e-commerce channels and direct-to-consumer brands – to manufacturers seeking supply chain resiliency while maintaining working capital discipline.
This demands packaging suppliers stay capable, reliable, and customer-first always. And Altamont and Medof’s shared vision is to build a national corrugated business that combines the best of what makes independents great with the latest in digital production technologies, automation, workflows, and software.
At GP, Medof’s business supplied corrugated sheets to independent box makers nationwide and finished boxes to some of the most sophisticated, demanding industrial and consumer packaging consumers in the U.S. And Medof’s team led the U.S. corrugated market in developing and deploying wide-web digital printing. Passionate about the packaging industry, Medof served five years on the executive committee of the Fibre-Box Association, including his role as Vice-Chair. He also held roles at Delta Air Lines, Citigroup, and GE Capital. Medof is a veteran of the United States Army and received his undergraduate degree from the United States Military Academy at West Point. He received his MBA from Columbia University.
KEY QUOTES:
“We believe Billy’s experience will be a key factor as we continue developing our thesis. We’re excited to connect with founders and owners who share our commitment to people-driven cultures, including through broad-based equity programs in concert with our role as a founding partner of Ownership Works, and want to join us in growing their business.”
– Randall Eason, a Managing Director and co-founder of Altamont
“Independent, nimble corrugated box manufacturers are on the cutting edge in delivering services, products, branding, and value to their customers. We likewise believe that there is substantial value and opportunity in building a platform capable of delivering the benefits of national scale with local presence in the industry.”
– Chase Beeler, a Principal at Altamont
“I’m looking forward to working closely with Altamont as they continue building world-class businesses, particularly within the corrugated packaging market. Altamont’s partnership-first approach, talented team, and committed, patient capital are a winning combination for founders and owners looking to grow their business and offer even greater value to their customers, employees, and investors. I’m excited to apply this approach alongside my experience as we build partnerships within the packaging industry. Serving independent box makers as the leader of GP’s Sheet Feeders was incredibly fulfilling, and I am excited to work again with the great people in our industry.”
– Billy Medof
