BOX Partners

Year of Investment:

2021

Strategy

Flagship

Industry

Industrial

Headquarters

Elgin, IL

Status

Active

Website

https://www.boxpartners.com

Business

BOX Partners (“BOX” or the “Company”) is a leading technology-enabled supplier of packaging, shipping, industrial supplies and related products for the e-commerce and distribution markets. Family-owned since its 1989 inception, the Company has grown to one of the country’s largest wholesalers of packaging products, offering both distribution and e-commerce customers a broad product selection, the ability to integrate with IT systems and expertise at small-order fulfillment. The Company is distinguished by its ability to aggregate and efficiently fulfill millions of orders on behalf of its distributor partners, providing access to over 1 million square feet of virtual warehouse space with over 20,000 items. 

Charlesbank Investment

Charlesbank invested in the Company in December 2021, marking the first institutional capital for the Company. In our sourcing and diligence, respectively, we leveraged the experience of Executive Advisor Pat Larmon (former CEO of Bunzl NA, a $7 billion packaging and janitorial-sanitation re-distributor), and Charlesbank Advisory Director Shira Goodman (former CEO of Staples, a large BOX customer). Neil Thomas, who previously led Fund VII portfolio company Trojan Battery, has become the Chief Executive Officer of BOX. Together we look forward to building on the Company’s strong competitive position, to growing the business in new product categories and geographies, and to expanding partnerships with both existing and potential new e-commerce customers.

CEO

Neil Thomas