March 4th, 2019 Richmond, VA- Transact Capital Partners is pleased to announce that Griffith Bag Company, Inc has been Acquired by Laurel SPR Investments. Laurel SPR Investments is led by husband/wife private investor duo Mike & Melanie Smith from Birmingham, AL and Deep Lake, MD.
Griffith Bag, locally owned and operated in Harrisonburg, VA as a value-added distributor of standard and made-to-order polypropylene, burlap, and multi-wall bags and materials, primarily in the Shenandoah Valley area of Virginia.
Greg Griffith said: “rom the time I first met the folks at Transact, I knew they were the best team I could get to sell my family business in a confidential manner for a market price that matched my expectations. The private buyers echoed the same sentiments in that they purchased a good business, in a location they wanted, at a fair price… Transact seamlessly worked with both parties to achieve a win-win outcome for all.
Transact Capital and its distribution team was led by George Sydnor as the exclusive financial advisor to Griffith Bag.
Transact Capital Partners, LLC is a full-service mergers and acquisitions advisory firm headquartered in Richmond, VA,withofficesthroughoutthe MidwestandSoutheast.Investmentbankingservicesandsecuritytransactionsare offered through Transact Capital Securities, LLC. Member FINRA and SIPC.
To learn more about this transaction, or Transact Capital Partners, please contact George Sydnor at 804-612-7112 (George@TransactCapital.com). Additional information about Transact Capital Partners can be found at www.TransactCapital.com.