BPOC has announced a strategic investment in Praxis Packaging Solutions.
Praxis, founded in 1989 and based in Grand Rapids, Mich., is a provider of primary and secondary contract packaging services for over-the-counter and prescription pharmaceutical, medical device, animal health and health and beauty industries.
BPOC, based in Chicago, seeks control and minority equity investments in middle market companies exclusively within the healthcare industry. Founded in 1996, the firm pursues companies generating at least $10 million in revenue through a wide range of investments. Within healthcare, the firm targets companies in the provider services, life sciences/pharmaceutical and non-reimbursement industries.
Terms of the investment were not disclosed.
Huizenga Group, which acquired Praxis in 2008, retains a minority ownership interest in the company.