Press Release
August 15, 2023

Holland & Knight Advises CanSource on Sale to TricorBraun

CHARLOTTE, N.C. (August 15, 2023) – Holland & Knight represented CanSource, a portfolio company of Broadtree Partners, in its sale to TricorBraun, a global packaging leader offering custom design and stock packaging solutions. The acquisition was announced on August 8.

Based in Longmont, Colorado, CanSource is a packaging solutions provider with a focus on cans, sleeves and prints for craft beverages, including alcoholic and non-alcoholic beverages. The acquisition of CanSource will provide the company with opportunities to expand its product and service offerings within the beverage industry.

Broadtree Partners, headquartered in Charlotte, North Carolina, is a lower-middle market private equity firm with an operator-centric model. Broadtree's team of operators and entrepreneurs works closely with owners throughout the transaction process and transitions to running the day-to-day operations after an acquisition. By leading with its high-caliber operating talent, Broadtree's unique executive-in-residence approach provides owners with the flexibility to preserve their legacy by either exiting their companies and seamlessly changing leadership, or by partnering with Broadtree's operational and financial resources to further accelerate growth. Broadtree's goal is to fuel sustainable, long-term growth while preserving the company's core values.

Headquartered in St. Louis, Missouri, TricorBraun provides innovative solutions across a wide array of customer end markets in plastic, glass and aluminum containers, closures, dispensers, tubes and flexibles.

Holland & Knight's representation of Broadtree Partners and CanSource was led by Partners John Gilson, Mike Miller and Katherine Markel and Associate Cooper Littlejohn. They were assisted by Partners Brandon Bloom, who advised on tax matters, and Arthur Lotz, who advised on debt financing matters. Numerous additional Holland & Knight attorneys advised on other specific subject matters.

This team at Holland & Knight has advised Broadtree Partners and its portfolio companies for several years. Most recently, the firm advised Broadtree Partners in its acquisitions of Triage Partners and Joint Research and Development.

More information about the transaction can be found here.

Holland & Knight regularly ranks among the leading M&A and private equity law firms in reputable, benchmarking league tables published by Bloomberg and Refinitiv. Through the first half of 2023, the firm ranked among the top 5 most active law firms in the U.S. and globally for its work in the space. Through the HK Deal Flow® program, Holland & Knight facilitates deal leads for clients and prospective clients by matching acquisition or capital raising opportunities with buyers and investors.

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