Mill Point Capital Announces Acquisition of Koozie Group

Koozie Group and Garyline, Existing Mill Point Capital Portfolio Company, Combine to Create Leading U.S. Promotional Products Supplier

SPRING HILL, Fla.--(BUSINESS WIRE)--Mill Point Capital LLC (“Mill Point”) announced today the acquisition of Scribe Holdings, Inc. (“Koozie Group”), a leading U.S.-based manufacturer, decorator and supplier of promotional products. As part of the transaction, Koozie Group and Garyline LLC (“Garyline”), a portfolio company of Mill Point, will combine to create one of the largest and most diversified suppliers of promotional products in North America. The combined company’s domestic manufacturing footprint reflects a shared commitment to have one of the best-positioned industry portfolios of high-quality products made, assembled, or printed in the USA with reliable lead times and a customer-focused approach.

“We are excited about the growth opportunities created by Mill Point Capital’s ownership,” said Pierre Montaubin, Chief Executive Officer of Koozie Group. “This new financial support allows us to enhance our customer-centric focus through investments in our people, innovation, and technology. We will continue delivering top brands, quick turnaround times, and plenty of easy-to-use services that will help our customers grow.”

“Our vision has always centered on customer performance, operational excellence and long-term investment in U.S. manufacturing,” added Richard Hellinger, CEO of Garyline. “We are proud to build on that foundation and support our distributors with enhanced scale, expanded resources and unmatched product diversity.”

“With this acquisition, we are creating one of the largest players in the promotional products space,” commented Antony Besso, Partner, Operations of Mill Point and Executive Chairman of Garyline. “As the industry continues to evolve, we believe that scale and product breadth will be essential for serving customers efficiently and effectively.”

About Koozie Group
Koozie Group is one of the largest suppliers in the promotional products industry. Koozie Group designs, creates, and produces reliable products and offers services that support and build brand legacies. The company’s portfolio of 30+ brands across more than 12 product categories, Koozie Group features trusted names such as Koozie®, KAPSTON®, Souvenir®, and Triumph®, as well as iconic retail-brand partners like BIC®, Coleman®, GCI Outdoor®, Leatherman®, SCX Innovative Design™, Shed Rain™, Tervis®, and Titleist® – to name a few. Koozie Group drives industry innovation with over 100+ new products annually, 75% of which have a sustainability stance, developed with an industry-leading commitment to product safety, social responsibility, supply chain security, and environmental stewardship. Koozie Group operates five manufacturing facilities across the U.S. and is headquartered in Clearwater, FL.

For more information, please visit www.kooziegroup.com.

About Garyline LLC
Established in 1963, Garyline is a vertically integrated manufacturer of promotional products of the highest quality and performance. Garyline distinguishes itself through its dedication to excellence, exceptional service, strong focus on recycled products, and meeting our customer's delivery requirements. The company is widely recognized by industry associations, including as an ASI Top 40 Supplier with a 5-Star Overall Supplier Performance Rating. Garyline is International Sustainability & Carbon Certified (ISCC) and audited annually for post-consumer recycled content. Garyline is headquartered in Spring Hill, FL.

For more information, please visit www.garyline.com.

About Mill Point Capital LLC
Mill Point Capital LLC is a private equity firm focused on control investments in lower-middle market companies across the Business Services, Industrials and IT Services sectors throughout North America. Mill Point’s experienced team of investment professionals, Executive Partners and Functional Experts seek portfolio company value enhancement through rigorous implementation of transformative strategic initiatives and operational improvements. Mill Point is based in New York, NY.

For more information, please visit www.millpoint.com.