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Nautic Partners Invests in Carr Management

Firm’s Fourth Platform Investment in Ten Months
Providence, RI

Nautic Partners, LLC, a private equity firm with more than $2.3 billion of capital under management, today announced that it has partnered with the management of Carr Management Holdings, LLC (Carr Management) to make an investment in the Company.  Carr Management, headquartered in Nashua, New Hampshire, is a leading manufacturer of plastic containers for the dairy, water, and juice (“DWJ”) industries with a primary focus on the dairy market. Carr Management supplies its customers with blow-molded, high density polyethylene bottles in a range of sizes and shapes including gallon, half-gallon, quart and single-serve configurations. The Company operates four blow-molding plants, with a leading market share in the Northeastern and Mid-Atlantic regions of the U.S.

“Carr Management is a market leader known for its high quality packaging products and services to the DWJ markets,” said Brad Wightman, Managing Director at Nautic Partners. “As a result of the Company’s strong customer relationships and the Carr family’s excellent industry-wide reputation, we believe there are considerable opportunities for continued growth, both with existing customers and through the penetration of new geographies. Across the country, demand is robust for the high quality packaging products and services that Carr provides.”

Carr Management’s Chief Executive Officer Andrew Carr said, “We are very pleased to partner with Nautic, and look forward to their strategic and financial support. Nautic shares our long-term vision for the business, and we are enthusiastic about the next stage of growth for Carr Management.”

Nautic continues to be an active investor in the middle market. Over the past 10 months, including Carr, Nautic has closed four new investments (Prince Sports Management, Canada Cartage and Respond2 Communications) and nine add-on acquisitions. It also has exited four investments.

About Carr Management

Carr Management is a leading manufacturer of plastic containers for the dairy, water, and juice industries. Headquartered in Nashua, New Hampshire, Carr Management has a leading reputation for providing high quality packaging products and services to customers throughout the Northeastern and Mid-Atlantic regions of the U.S.