TricorBraun to have new private equity owner Print Private equity group Ares Management Corp. and the Ontario Teachers' Pension Plan Board will acquire a majority of shares in St. Louis-based packaging distributor TricorBraun. The transaction is expected to close in the first quarter of 2021, a Jan. 7 news release said. TricorBraun's management team, including Keith Strope, executive chairman, and Court Carruthers, CEO and president, will continue in their roles "following the close of the transaction," the release said. The management team will also retain a "significant investment in the company, as will its current majority owner, AEA Investors." "Ares and Ontario Teachers' are the right partners to help us expand on our steady growth as we continue to build the best place for the best people in packaging," Carruthers said.