Backcast Partners (“Backcast”), a leading provider of debt and equity capital for middle-market companies, has announced its investment in Dominion Packaging, Inc. (“Dominion”) to support growth capital expenditures and a recapitalization of the company. Backcast provided both senior secured debt with warrants and convertible preferred equity as part of the transaction.
The opportunity to participate in the growth financing was brought to Backcast by existing lender Truist, which continues to provide the company’s revolving credit facility.
Founded in 2004 and headquartered in Richmond, Virginia, Dominion is a leading independent provider of printed cardboard folding cartons for blue-chip consumer packaged goods customers in the food and beverage space. The company is known for its industry-leading graphics capabilities, including in the growing digital printing segment.
Gino Pacini, CEO of Dominion, praised Backcast’s collaborative partnership approach and expressed confidence in their ability to contribute strategic value as the company continues its growth strategy.
Ed Cerny, Managing Partner at Backcast, added, “It is a pleasure to be able to support the growth of an industry leader like Dominion with a best-in-class management team that is completely committed to working together with best-in-class customers to lead the ongoing digital printing transformation in the CPG industry.”
Backcast was represented in the transaction by Greenberg Traurig and McGuireWoods LLP.
