, /PRNewswire/ — Heartwood Partners is pleased to announce that on November 4, 2024, Heartwood Partners II, LP (“Fund II”) and affiliated entities sold Outlook Group, LLC (“Outlook” or the “Company”), a business unit of Fund II platform M&Q Holdings LLC.
Heartwood Partners’ investments in Outlook Group generated strong financial results with EBITDA more than tripling.
Headquartered in Neenah, WI, Outlook is a leading provider of labels, converting, and packaging solutions serving the food, medical, and consumer staples markets. In addition, Outlook’s Integrated Packaging division provides complete supply chain solutions, reducing customers’ costs and complexity by consolidating traditional multi-step packaging processes into a single touchpoint.
Under Heartwood Partners’ ownership, Outlook built-out a strong management team and invested heavily in its manufacturing capabilities, including digital Domino label presses, ultra thin-film label converting, and an upgraded Radius ERP system. These investments generated strong financial results, with Outlook’s EBITDA more than tripling during Heartwood’s hold …