Sperry Mitchell Advises MedLit Graphics on its Sale to TCG Legacy, a CORE Industrial Partners portfolio company

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New York, NY (July 15, 2021) – MedLit Graphics, Inc. (“MedLit”) of Windsor, NJ has been acquired by TCG Legacy Holdings LLC (“TCG”), a portfolio company of CORE Industrial Partners, LLC (“CORE Industrial Partners”).  Sperry, Mitchell & Company initiated this transaction, assisted in the negotiations, and served as exclusive financial advisor to MedLit.

Lakshman Samala and Rao Ponugoti, Co-Presidents of MedLit, said, “Since MedLit’s inception, we’ve been committed to providing outstanding speed, quality, and service for our customers with the goal of building the business into a leader in pharmaceutical packaging. We’ve now reached a critical turning point in our growth trajectory, and we believe that leveraging TCG Legacy’s complementary capabilities will yield immediate benefits for our customers and will help us take MedLit to the next level.”

Together, MedLit and TCG Legacy will create a robust platform that serves both brand-name and generic pharmaceutical companies. The combination will expand the overall scope and breadth of capabilities to service both production and marketing applications for pharmaceutical customers.

MedLit Graphics, Inc. (www.medlitgraphics.com) a leading provider of packaging & labeling solutions to the pharmaceutical industry. The Company’s comprehensive product offering includes outserts & inserts, container / product labels, medication guides, and folding cartons. MedLit operates a premier line of sophisticated packaging equipment that enables the Company to provide high-quality products to customers on short lead times.

TCG Legacy (www.tcglegacy.com) is a full-service marketing solutions provider offering a broad range of cross-media marketing, graphics, printing and packaging services. TCG Legacy primarily serves the pharmaceutical and higher education end markets, including specialized pharmaceutical application providers and some of the most prestigious higher education institutions in the United States, from its manufacturing facility in Raleigh, NC.

CORE Industrial Partners (www.coreipfund.com) is a Chicago-based private equity firm with more than $700 million of capital commitments investing in North American lower middle-market manufacturing, industrial technology and services businesses. CORE’s team is comprised of highly experienced former CEOs and investment professionals with shared beliefs, deep experience, and a proven track record of building market-leading businesses. With capital, insight, and operational expertise, CORE partners with management teams and strives to build best-in-class companies with lasting results.

Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side, middle-market merger and acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $15 to $450 million.