The Duravant family of operating companies serve the food processing, packaging and material handling segments.
- August 29, 2023
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- NPI designs and manufactures highly efficient, automated parcel and letter sortation systems for customers in the fulfillment, e-commerce, and postal industries
- Based in Dallas-Fort Worth, NPI has a 45-year history of engineering innovation to maximize throughput, cost-efficiency and accuracy for its worldwide base of customers
- Mesirow acted as NPI’s exclusive financial advisor, highlighting the firm’s deep knowledge of the industrial automation sector
CHICAGO, August 28, 2023 – Mesirow, an independent, employee-owned financial services firm, has announced it acted as the exclusive financial advisor to National Presort, L.P. (“NPI” or the “Company”) on its sale to Duravant LLC (“Duravant”).
NPI, based in Dallas-Fort Worth, Texas and founded in 1977, has a 45-year history of innovating automated sortation solutions. In 2007, NPI leveraged decades of industry expertise to engineer new automated sortation solutions for difficult-to-handle polybags and irregularly shaped parcels, ideally positioning the Company for the global rise of e-commerce and the increasing demand for rapid fulfillment services. NPI’s third generation Xstream sortation system is widely recognized in the automation sector for its industry-leading processing speed and accuracy and is installed globally in e-commerce fulfillment centers, retail distribution warehouses, and courier and postal facilities.
Nathan Moeri, Managing Director of Mesirow Investment Banking, said, “We were honored to work with NPI on this transformational transaction. NPI is a leader in automated mail and parcel sortation solutions. The Company’s innovative portfolio of solutions serve as an excellent complement to Duravant’s material handling portfolio. We look forward to NPI’s continued growth in the e-commerce and distribution space under Duravant’s leadership.”
“NPI has a long history of innovation in letter sortation and has seen tremendous growth in the e-commerce and distribution space with the development of our highly differentiated parcel sortation systems,” said Brent Daboub, President of NPI. “Mesirow identified the ideal buyer for NPI in Duravant, and this partnership will enhance our ability to deliver value-added solutions to our growing list of customers.”
The sale of NPI represents another successful assignment completed by Mesirow Investment Banking and highlights the firm’s expertise within the industrial technology sector. Committed to leveraging extensive sector-specific expertise across industry groups and nurturing deep long-standing relationships, Mesirow has a proven track record of completing highly tailored and successful transactions on behalf of clients.
Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities, and our culture. To learn more, visit mesirow.com and follow us on LinkedIn.
Mesirow was recently named one of the Best Places to Work in Chicago by Crain’s Chicago Business and one of the Top 100 RIA firms by Barron’s.
Headquartered in Downers Grove, IL, Duravant is a global engineered equipment company with manufacturing, sales and service facilities throughout North America, South America, Europe and Asia. Through their portfolio of operating companies, Duravant delivers trusted end-to-end automation solutions for customers and partners through engineering and integration expertise, project management and operational excellence. With worldwide sales distribution and service networks, they provide immediate and lifetime aftermarket support to all the markets they serve in the food processing, packaging and material handling sectors. Duravant’s market-leading brands are synonymous with innovation, durability and reliability. For more information, visit www.duravant.com.
NPI is a designer, manufacturer and service provider of sorters and other automated material handling solutions for high volume sortation and fulfillment of mail, parcels and packages. NPI’s modular and configurable equipment solutions and advanced software is engineered to help the world’s largest delivery and warehouse operators improve throughput while reducing labor, floor space and costs. NPI serves customers across a wide array of sectors including postal, e-commerce, courier services, third-party logistics and others. Their 24/7 immediate support services are delivered through a team of account managers, customer service representatives and expert technicians who are dedicated to ensuring the highest level of customer satisfaction.
Press release from Mesirow: https://www.mesirow.com/news/mesirow-advises-national-presort-lp-its-sale-duravant