Dallas, TX – January 24, 2023
CIC Partners (“CIC”) announced that it has partnered with Amir Tamshe, the founder and CEO of Packline USA (www.packlineusa.com) (“Packline” or the “Company”) in a strategic investment in the Company. Founded in 1994, Packline USA is a full-service supplier of packaging solutions and equipment for the food and beverage industries. Packline supplies state of the art filling, sealing and capping equipment and packaging materials along with integration, inventory management and technical support services to its industry leading customer base. The Company differentiates itself with a consultative and solutions-oriented approach to ensure its equipment and packaging solutions are customized and tailored to meet the specific needs of its customers.
“We look forward to partnering with CIC for the next chapter of our Company’s growth,” said Amir Tamshe, Packline founder and CEO. “CIC has a proven track record of helping founder-run businesses like Packline meet their long-term objectives. With CIC’s support, I am excited about continuing to provide innovative packaging and equipment solutions to help our customers grow. With additional resources to invest in product development and sales & marketing, while maintaining our focus on delivering excellent customer service, this partnership will benefit our current and future customers and strategic partners.”
This investment is part of CIC’s ongoing initiative of investing alongside quality operators and founders in the food industry. Amir Yoffe, a Partner at CIC Partners, said, “We have been impressed with what the team at Packline has built. Packline’s reputation for a customer first mindset, breadth of product capabilities and excellent customer service and support precedes it. We look forward to continuing to deliver in those areas while working with Packline to achieve our shared vision for growth.”
As part of the investment, Charlie Robinson and Amir Yoffe from CIC Partners have joined the Company’s board.
About CIC Partners
CIC Partners is a middle-market private equity firm that manages the personal capital of its investment team, operating partners and strategic investors and seeks to invest in growth-oriented companies in partnership with owner-operators, founders and management teams. CIC looks for opportunities where it can leverage the collective experience of its investment team and its operating partners, who are successful CEOs and entrepreneurs, to guide, support and add value to portfolio companies. Based in Dallas, Texas, the firm has been generating wealth in private equity investing for its investors and management teams for over 30 years. For additional information, please visit www.cicpartners.com.