M&A Due Diligence

LPC works closely with private equity firms and financial services institutions on commercial due diligence and market validation across the printed packaging value chain. Our work supports acquisition decisions, portfolio evaluation, and exit readiness for private equity sponsors investing in mid-market industry suppliers and printed packaging printers/converters.

Our due diligence team is highly specialized, offering clients the flexibility, responsiveness, and sector depth their projects often require. With decades of hands-on experience across packaging materials, capital equipment, software, and converting operations, LPC provides clarity on what truly drives value, and where risk resides, in complex industrial businesses.

Commercial Due Diligence for Industry Supplier Investments

LPC has extensive experience supporting private equity firms in the commercial due diligence of industry suppliers serving the printed packaging sector, including capital equipment manufacturers, materials and consumables suppliers, software and workflow providers, automation and inspection companies, and aftermarket-driven service businesses.

Supplier-focused diligence requires a deep understanding of how converters and brand owners evaluate, specify, and purchase solutions across different applications, geographies, and economic cycles. LPC’s position at the center of the packaging ecosystem allows us to independently validate market narratives, competitive differentiation, and growth assumptions on behalf of investors.

Typical supplier investment diligence includes:

Market and Application Analysis

We assess end-market exposure at the application level, identifying where demand is structural versus cyclical. This includes analysis of customer segments, regional dynamics, replacement cycles, and emerging applications that may support long-term growth or adjacency expansion.

Customer and Buying Behavior Analysis

Because of our ongoing market research work with converters, brand owners, and industry suppliers globally, LPC evaluates how purchasing decisions are actually made. We assess specification influence, switching costs, pricing power, and the durability of customer relationships across economic environments to inform investor decision-making.

Competitive Positioning and Differentiation

LPC evaluates whether a supplier’s differentiation is technical, operational, relational, or sales-driven. We identify where competitive advantages are defensible, where commoditization risk exists, and how a supplier is perceived relative to both direct competitors and alternative solutions from an investor’s perspective.

Growth Strategy and Downside Validation

We pressure-test business plans and growth projections under multiple scenarios, including reduced capital spending, delayed projects, or shifts in customer investment priorities. Our analysis helps private equity sponsors distinguish aspirational growth from achievable, repeatable expansion.

Portfolio and Exit Decision Support

In addition to acquisition diligence, LPC supports private equity firms evaluating existing supplier portfolio companies. This includes market re-validation, hold-versus-sell assessments, and independent validation of equity stories ahead of a sale, recapitalization, or strategic combination.

Commercial Due Diligence for Printed Packaging Converter Investments

LPC has deep experience supporting private equity firms in the commercial and operational diligence of printed packaging printers/converters across labels, flexible packaging, and folding cartons. Our converter-focused diligence integrates market positioning, operational realities, and customer perception to provide investors with a grounded view of both opportunity and risk.

Typical converter investment diligence includes:

Business Overview and Performance Analysis

We assess end-market exposure at the application level, identifying where demand is structural versus cyclical. This includes analysis of customer segments, regional dynamics, replacement cycles, and emerging applications that may support long-term growth or adjacency expansion.

Customer and Buying Behavior Analysis

Because of our ongoing market research work with converters, brand owners, and industry suppliers globally, LPC evaluates how purchasing decisions are actually made. We assess specification influence, switching costs, pricing power, and the durability of customer relationships across economic environments to inform investor decision-making.

Competitive Positioning and Differentiation

LPC evaluates whether a supplier’s differentiation is technical, operational, relational, or sales-driven. We identify where competitive advantages are defensible, where commoditization risk exists, and how a supplier is perceived relative to both direct competitors and alternative solutions from an investor’s perspective.

Growth Strategy and Downside Validation

We pressure-test business plans and growth projections under multiple scenarios, including reduced capital spending, delayed projects, or shifts in customer investment priorities. Our analysis helps private equity sponsors distinguish aspirational growth from achievable, repeatable expansion.

Portfolio and Exit Decision Support

In addition to acquisition diligence, LPC supports private equity firms evaluating existing supplier portfolio companies. This includes market re-validation, hold-versus-sell assessments, and independent validation of equity stories ahead of a sale, recapitalization, or strategic combination.