Altamont Capital Partners has announced an investment in Key Container Corporation, a New England-based manufacturer of specialty and custom corrugated packaging products. The deal is designed to support the company’s continued growth and expansion across the Northeast while building a scaled regional platform in the corrugated packaging sector.
Founded in 1959 by Jack Sundel and his son-in-law Richard Strauss, Key Container has grown into a longstanding family-run manufacturer serving customers throughout New England and across the United States. The company is currently led by President David Strauss, the son of Richard Strauss, while Sales Manager Matthew Strauss represents the fourth generation of family leadership.
The investment will provide resources and strategic support intended to strengthen Key Container’s operations, expand customer relationships, and drive future geographic growth. The company plans to leverage Altamont’s operational expertise and sector experience in industrials and packaging to scale its manufacturing and service capabilities.
Altamont, a private equity firm focused on transforming and scaling lower-middle-market companies, invests across sectors, including industrials, business services, and financial services. The firm manages more than $4 billion in capital and has invested in more than 45 companies since its founding in 2010.
Terms of the transaction were not disclosed.
Support: Jefferies Financial Group served as the exclusive financial advisor to Altamont, while TM Capital, a division of Capstone Partners, served as the exclusive financial advisor to Key Container.
KEY QUOTES:
“We are excited to partner with Altamont as we continue to support our customers with their packaging needs. Altamont’s proven growth playbooks and experts within their network will strengthen existing operations, enable new customer relationships and future expansion, and support our goal of providing our customers with the whole package.”
David Strauss, President, Key Container
“Over the past six decades, Key Container has established itself as a regional manufacturing leader. Ever-changing customer needs require that packaging suppliers stay nimble, capable, reliable, and customer-first. We believe Key Container, with its top-notch facilities, operations, and customer service, is well-positioned in today’s evolving market, and we’re excited to work in lockstep with David and the team to support the company’s transformation and growth.”
Billy Medof, Operating Partner, Altamont Capital Partners
“As a family-run company with stellar fundamentals operating in an industry with stable and attractive long-term growth, Key Container is precisely the kind of opportunity that we see as having terrific potential to scale. We’re confident that our industry experience and Altamont Ascend, our system for strategic platform building, will build on Key Container’s strengths to unlock the company’s full potential.”
Chase Beeler, Managing Director, Altamont Capital Partners
