Hear more about the latest deal announcements, news,
IN THE NEWS
Footprint Capital Advises Sprosty Bag, LLC in Recapitalization in Partnership with KCN Companies
Columbus, Ohio, January 6th, 2026 – Sprosty Bag, LLC (“Sprosty”) has entered into a strategic partnership with KCN Companies, LLC (“KCN”). Footprint Capital, LLC (“Footprint”) acted as the exclusive financial advisor in the transaction.
Founded in 1947, Sprosty was originally a burlap and cloth sack reconditioning company to serve the local community in Wooster, OH. Today, the Company is headquartered in nearby Smithville, OH and offers integrated packaging, printing, warehousing, and logistic solutions for the agriculture and other industrial sectors. Sprosty serves customers in Ohio, the surrounding states, and has national logistic capabilities.
The partnership positions Sprosty for continued growth across the Midwest with enhanced resources to pursue strategic acquisitions to expand capabilities, geographic reach, and customer solutions.
Current Chief Executive Officer, Adam Lowe commented "KCN’s long-term approach and operational mindset make them an ideal partner for Sprosty. They understand our business, respect our history, and share our commitment to building a durable company by investing in our people, technology, and customer relationships. This partnership will allow us to continue our never-ending pursuit of improving the customer experience and strengthen our ability to scale responsibly."
Chris Jones, co-founder of KCN Companies commented "Sprosty has a remarkable history and a very bright future. Adam and his team have built a strong operational foundation while honoring the company’s legacy. We’re excited to partner with Sprosty and support its continued growth for the long term."
Steve Barsotti and Kacie Davis of Kegler Brown Hill + Ritter served as Sprosty’s primary legal counsel.
ABOUT FOOTPRINT CAPITAL
Footprint Capital is a middle market investment bank with locations in Columbus, Ohio and Pittsburgh, Pennsylvania focused on advising owners and operators of privately held companies in the middle market. Footprint Capital’s services include sell-side and buy-side merger and acquisition advisory, private equity and family office deal origination services, ownership transition planning, debt advisory, and strategic management consulting. For more information, visit: www.footprintcapital.com.
ABOUT KCN COMPANIES
KCN Companies is a Kansas-based holding company that invests in and partners with operating businesses to support long-term growth and value creation. Managed by its founders, KCN operates as a permanent capital vehicle with no set exit horizon, allowing it to focus on building durable, market-leading companies alongside best-in-class management teams. For more information, visit KCN’s website at www.kcncompanies.com.
Source: Sprosty Bag Announces Strategic Partnership with KCN Companies