Sound Growth Partners has acquired Frontier Packaging, a specialty distributor serving seafood processors in Alaska and the Pacific Northwest.
The private equity firm completed the transaction on November 4 through its One-Stop Buyout structure. Sound Growth Partners and Frontier’s management provided all the capital required for the acquisition.
Based in Tukwila, Washington, Frontier distributes specialized packaging materials and related supplies to seafood processing businesses.
The company was founded in 1985 and has spent more than 40 years developing logistics capabilities for customers operating in remote parts of the U.S.
Seafood processors in Alaska and the Pacific Northwest face unusual procurement challenges, including seasonal activity, limited transportation routes, long distances, and the need to consolidate shipments.
Frontier’s role includes coordinating products and deliveries so processors can obtain required materials despite those geographic and logistical constraints.
The transaction is the second time members of the Sound Growth Partners team have invested in Frontier. They previously worked with the company while employed at another investment firm.
Sound Growth Partners plans to build on Frontier’s established customer and supplier relationships while supporting its continued development. The acquisition adds a niche distribution business with a leading position in a specialized end market.
Founded in 2023 and based in Seattle, Sound Growth Partners invests in lower-middle-market businesses with $2 million to $15 million in earnings before interest, taxes, depreciation, and amortization.
Its target industries include consumer products, business services, distribution, and light manufacturing. The firm’s One-Stop Buyout approach is designed to provide the full combination of debt and equity capital needed to close an acquisition.
Frontier’s specialized market, long operating history, and existing logistics infrastructure align with the firm’s focus on companies holding defensible positions within narrow industry categories.
KEY QUOTE:
“Frontier has built an enviable position in the industry through an unwavering commitment to its customers and suppliers for over 40 years. We are honored to have the opportunity to partner with them again and continue to build on what is already an extremely strong foundation.”
Kyle Largent, Managing Partner at Sound Growth Partners
