Sperry, Mitchell & Company is pleased to announce that Beatrice H. Mitchell was featured in a recent PEHub/ Private Equity International interview. Click here to read the full article.
New York, NY (July 17, 2023) – Bradford Soap International, Inc. (“Bradford”) of West Warwick, RI, a leading developer, formulator, and manufacturer of beauty & personal care products, has been acquired by an affiliate of Gemspring Capital Management (“Gemspring”) of Westport, CT. Sperry, Mitchell & Company initiated this transaction, assisted in negotiations and served as exclusive financial advisor to Bradford.
Founded in 1876, Bradford is a leader in custom formulation and in-house manufacturing of sustainable and environmentally-friendly solid personal care products. Utilizing multi-site, highly-flexible manufacturing facilities that are vertically-integrated through all stages of production, Bradford produces a wide array of products, including specialty soap, shampoo bars, conditioner bars, and facial cleansing sticks. Bradford is a critical partner to both large-scale and emerging personal care brands, offering a turnkey solution encompassing cutting edge innovation, development, and formulation capabilities, as well as complex manufacturing and packaging. Bradford is headquartered in West Warwick, RI, with additional facilities in Columbus, IN; and Calexico, CA.
“We are extremely proud of the legacy we have built as a quality and trusted partner to our customers,” said Stuart R. Benton, President & CEO of Bradford. “We’re pleased to have found an engaged and knowledgeable partner like Gemspring, who shares our vision and has a proven track record of partnering with entrepreneurial teams. In this next phase of growth, we look forward to broadening both our capabilities and product portfolio, while further establishing our position as the manufacturing and development partner of choice to leading beauty and personal care brands.”
Gemspring Managing Director Kristin Steen added, “The market-leading and differentiated capabilities Bradford has built over its long, successful history are impressive. We’re excited to partner with Stu and the entire management team to build on Bradford’s unparalleled product quality to accelerate the Company’s growth. In addition to a number of compelling organic growth initiatives, we intend to expand the platform through strategic opportunities to extend the capabilities and product offerings Bradford can provide its brand partners.”
Bradford Soap International, Inc. (www.bradfordsoap.com) is a leading developer and manufacturer of solid beauty and personal care products. The Company offers a unique range of turnkey solutions from product formulation to manufacturing to packaging & labeling. With a rich history of sustainable manufacturing and innovative R&D, Bradford is poised to continue creating efficacious, quality products for its customers.
Gemspring Capital (www.gemspring.com) is a middle-market private equity firm providing flexible capital solutions to companies headquartered primarily in the United States and Canada. Gemspring partners with talented management teams and takes a partnership approach to helping drive revenue growth, value creation and sustainable competitive advantages.
Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side, middle-market merger & acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $20 to $500 million.
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New York, NY (July 5, 2023) – NEL Frequency Controls, Inc. (“NEL”) of Burlington, WI, a developer and manufacturer of leading-edge frequency control products, has been acquired by Abracon, LLC (“Abracon”) of Spicewood, TX, a portfolio company of Genstar Capital. Sperry, Mitchell & Company initiated this transaction, assisted in negotiations, and served as exclusive financial advisor to NEL. Godfrey & Kahn served as NEL’s legal representative for the transaction.
NEL (www.nelfc.com) is a technology leader in developing and manufacturing leading-edge frequency control products. Customers choose NEL to supply the optimal solution for applications requiring crystal oscillators with challenging performance specifications, such as ultra-low phase noise, ultra-low power, and ultra-high frequency capabilities. NEL’s research and product development efforts support next-generation customer applications that push performance boundaries in system speed, bandwidth, resolution, accuracy, and power consumption.
“NEL Frequency Controls is excited about partnering with the Abracon team and product lineup. Abracon’s global market reach combined with NEL’s ultra-low phase noise frequency control product offering is an industry force multiplier,” explained Chuck Ulland, President of NEL Frequency Controls. “The synergies created by our strategic alliance will enhance our ability to deliver incredible value to our customers.”
Abracon (www.abracon.com) is a trusted supplier of innovative electronic components, including Frequency Control, Timing, Power, Magnetics, RF and Antenna solutions. Servicing world-class companies across the data communication, transportation, industrial, medical, consumer, aerospace, and defense industries, Abracon accelerates customers’ time-to-market by providing unmatched product solutions, technical expertise, and service excellence.
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high quality companies for over 30 years. Genstar works in partnership with its management teams and its network of strategic advisors to transform its portfolio companies into industry-leading businesses. Genstar currently has approximately $35 billion of assets under management.
Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side, middle-market merger & acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $20 to $500 million.
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For the SEVENTH year, Mergers & Acquisitions has recognized Beatrice Mitchell as one of the Most influential Women in Mid-Market M&A.
New York, NY (January 24, 2023) – Highway Safety Corporation (“HSC”) of Glastonbury, CT, and Ohio Galvanizing Corporation (“OGC”) of Marion, OH (together “Highway Safety”) have been acquired by Race Rock Infrastructure (“Race Rock”) of Houston, TX. Sperry, Mitchell & Company initiated this transaction, assisted in negotiations and served as exclusive financial advisor to Highway Safety.
HSC (www.highwaysafety.net), a premier provider of guardrail, bridge rail, and solar panel support structures, was founded in 1978 by W. Patric Gregory III in Glastonbury, CT. In 1994, Mr. Gregory expanded fabrication and galvanizing operations by establishing OGC (www.ohgalv.com) in Marion, OH, to better serve the company’s nationwide customer base. Following the transaction, Mr. Gregory will remain as President of HSC and OGC and join the Board of Directors of Race Rock.
Donald W. Young, Chairman and CEO of Race Rock Infrastructure, commented, “We are thrilled to partner with Patric Gregory and the talented people at Highway Safety and support them in their continued growth. HSC and OGC fit well with our broader infrastructure strategy and provide increased scope and scale to our existing lines of business to further support critical infrastructure buildout in the United States.”
W. Patric Gregory III, founder of HSC and OGC, added, “Getting to know the team at Race Rock over the last six months, it became clear to me that they are the ideal partner for the business I have spent the last 40 years building. Our shared values of providing a quality product in a timely manner with an emphasis on customer service and environmentally sustainable operations makes this a natural next step in Highway Safety’s journey. I am excited for the future of our combined businesses.”
Race Rock Infrastructure is a Houston-based manufacturer of critical infrastructure products and solutions for transportation, energy transmission/distribution & telecommunications. Race Rock’s main operating unit is Structural and Steel Products (SSP), a Fort Worth-based manufacturer and distributor of engineered poles, sign structures, and highway safety products.
Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side, middle-market merger & acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $20 to $500 million.
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New York, NY (January 10, 2023) – Le Sueur Incorporated (“LSI”) of Le Sueur, MN, has been acquired by Delos Capital (“Delos”) of New York, NY, and The Silverfern Group (“Silverfern”) of Greenwich, CT. Sperry, Mitchell & Company initiated this transaction, assisted in negotiations and served as exclusive financial advisor to LSI. Ironwood Capital and Genesis Park provided debt and equity investments in support of the transaction.
“We are excited to partner with Silverfern and the management team of LSI, a leading provider of complex precision aluminum casting and plastic injection molding components,” said Michael Rakiter, Partner at Delos Capital. “We are honored to continue the legacy of a successful third-generation family-owned business created by the Mueller family.”
LSI Chief Executive Officer Dick Seidenstricker said, “We’re thrilled to be partnering with Delos and Silverfern to write the next chapter in LSI’s history. We look forward to the growth opportunities the partnership creates while maintaining the values and culture that has been the foundation of LSI’s success for the past 77 years.”
Silverfern Managing Director Deepak Ghosh added, “LSI is a leading manufacturer of specialized aluminum castings and injection molded plastics, serving global customers successfully over the past seventy-seven years. We look forward to partnering with the management team to grow the Company through a focus on technology and manufacturing excellence in partnership with its customers.”
Le Sueur Incorporated (www.lesueurinc.com) is a leading supplier of complex and pressure-tight aluminum castings and plastic injection molding components. LSI specializes in utilizing permanent mold, sand casting, die casting, plastic injection molding, and precision machining manufacturing processes, to provide its global customers with the most cost-effective method of manufacturing.
Delos Capital (www.deloscap.com) is a lower middle-market private equity firm specializing in management buyouts, recapitalizations, and growth investments.
The Silverfern Group (www.silfern.com) is a global middle-market investment management firm headquartered in Greenwich, CT.
Sperry, Mitchell & Company (www.sperrymitchell.com) is an investment banking firm specializing in sell-side, middle-market merger & acquisition advisory services. Since the firm’s founding in 1986, Sperry Mitchell has completed hundreds of transactions in a wide range of industries, with values ranging from $20 to $500 million.
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