Mesirow Advises Gravis, a Portfolio Company of New Water Capital, L.P. on the Acquisition of Western Packaging Solutions

On April 23, 2026, Gravis, a leading provider of bulk transportation packaging solutions in North America and a portfolio company of New Water Capital, L.P., announced the acquisition of Western Packaging Solutions for an undisclosed amount. Mesirow acted as the exclusive financial advisor for Gravis during this transaction, which is expected to enhance Gravis's capabilities in the bulk packaging sector and expand its presence in the Canadian market.

Gravis specializes in engineered bulk transportation packaging solutions, offering a diverse range of products including flexible intermediate bulk containers (FIBCs), bulk liners, and industrial bags. The company serves various end markets such as food, agriculture, chemicals, pharmaceuticals, and industrial goods. The acquisition of Western Packaging Solutions, a respected provider based in Kirkland, Quebec, is anticipated to strengthen Gravis's product offerings and deepen its customer relationships in Canada. According to Gravis CEO Vishal Rao, this strategic move is aimed at solidifying the company’s position as a leader in the North American bulk transportation packaging market.

Western Packaging Solutions brings a robust portfolio of flexible and bulk packaging products, including custom solutions that cater to a wide array of industries. This acquisition not only broadens Gravis's geographic reach but also enhances its ability to deliver high-quality packaging solutions tailored to customer needs. Matt Carlos, Principal at New Water Capital, emphasized that the addition of Western Packaging Solutions will enable Gravis to better serve its clients through an expanded product lineup and improved logistics capabilities.

Mesirow's involvement in this transaction underscores its expertise in the packaging sector, having completed over 225 transactions in the industry over the past 25 years. The firm’s extensive knowledge and established relationships within the packaging market have positioned it as a key player in facilitating successful mergers and acquisitions. The successful completion of this deal further solidifies Mesirow's reputation as a leading advisor in the packaging space.

The acquisition of Western Packaging Solutions by Gravis is indicative of ongoing consolidation trends within the packaging industry, as companies seek to enhance their competitive advantage through strategic acquisitions. As the demand for bulk packaging solutions continues to grow across various sectors, this transaction is expected to have positive implications for both companies, allowing them to leverage their combined strengths to meet evolving customer needs. The broader market outlook remains optimistic, with continued opportunities for growth and innovation in the packaging sector.