Wingate Partners announces sale of Nekoosa

DALLAS, Nov. 2, 2017 /PRNewswire/ -- Wingate Partners ("Wingate"), a Dallas-based private equity firm, completed the sale of its portfolio company, Nekoosa Coated Products Holdings, Inc. ("Nekoosa") to Sentinel Capital Partners, L.L.C. ("Sentinel"), a New York-based private equity firm.  Nekoosa is a leading U.S. converter and coater of specialty films and papers for a diverse range of graphic and commercial print markets.

Wingate partnered with the Nekoosa management team to acquire the business in October 2012.  During the subsequent five years, Nekoosa built an exceptional organization and executed four acquisitions to offer even more unique value to its market-leading customers.  "Paul and the Nekoosa team have done an extraordinary job of executing day in and day out to achieve a compelling vision.  They are first class people and world class operators.  It's been a privilege to partner with them," said Brad Brenneman, Chairman of Nekoosa and Co-Managing Partner at Wingate.

Paul Charapata, Nekoosa's CEO, commented, "Wingate has been an exceptional partner.  They have brought a wealth of experience and a low-ego, highly approachable style that fits our business culture well and resulted in a very strong partnership.  I, with the support of the entire Nekoosa team, look forward to continuing our growth with our new partners at Sentinel."

Brian Steinbrueck, Partner at Wingate, added, "Prior to our investment, Nekoosa was a largely carbonless paper business with a vital base of commercial print merchant partners.  Paul and his team have transformed the business into a more diversified, higher performing company with a broader merchant base across graphics and commercial print channels.  They have created a truly unique business with a differentiated product offering and have a bright future ahead."  

About Nekoosa
Nekoosa is a leading innovator of value-added specialty engineered materials for the graphics and digital print markets.  Nekoosa's products including carbonless paper, application tape, visual communication specialty products and extruded products.  Nekoosa serves leading distributors of graphic and commercial print products across a wide range of end markets.  

Nekoosa's mission is 'What's New…', with a keen eye on brining new and valuable products to its customers, and its vision is 2X, with an aggressive approach to growing the business through new product innovations and acquisitions.

About Wingate Partners
Wingate Partners (www.wingatepartners.com) was founded in 1987 to purchase controlling equity interests in companies where there is the opportunity to create value through superior operational and strategic execution.  Wingate invests in companies where equity value is created by improving operating performance and by developing long-term strategies to exploit changing industry dynamics.  Our professionals bring substantial senior-level operating and strategic experience in addition to extensive careers in acquiring companies.

SOURCE Wingate Partners

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