LO3 Capital Announces Investment in NewCo Plastics
Summary
The acquisition of Magenta solidifies NewCos commitment to providing mission-critical manufacturing services to its robust customer base across the medical, personal care, pharmaceutical, and industrial end markets.This latest investment will mark LO3 Capitals tenth investment since the funds launch in September of 2022. Glenn Harrison, Managing Director and Co-Founder of LO3 Capital, said, "We have a long-standing relationship with White Wolf and we look forward to supporting them as they continue their growth strategy with NewCo plastics. "About LO3 CapitalLO3 Capital is a minority-owned private investment firm committed to helping lower-middle market companies grow. The firm has offices in Nashville, New York and Dallas and targets business with over $3 million of EBITDA across a variety of industries. LO3 Capital partners with management teams, business owners, and private equity firms to finance organic growth, acquisitions, recapitalizations, and ownership transitions.