Team Sperry | Mitchell Participated in the J.P. Morgan Corporate Challenge

Team Sperry | Mitchell managed to finish 4th out of 802 teams in New York City! Congratulations to all our runners. We look forward to running again next year!

Beatrice Mitchell Has Been Recognized as One of the Most Influential Women in Mid-Market M&A

For the EIGHTH year, Mergers & Acquisitions has recognized Beatrice Mitchell as one of the Most influential Women in Mid-Market M&A.

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Beatrice Mitchell featured in PE Hub Magazine: “Dealflow is strong and getting stronger in lower-mid-market”

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.

Sperry Mitchell Advises Bradford Soap on its Sale to Gemspring

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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Cision PR Newswire

Westfair Business Publications

Global Cosmetic Industry

Sperry Mitchell Advises NEL Frequency Controls on its Sale to Abracon

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 CapitalSperry, 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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Cision PR Newswire

citybiz

Beatrice Mitchell Has Been Recognized as One of the Most Influential Women in Mid-Market M&A

For the SEVENTH year, Mergers & Acquisitions has recognized Beatrice Mitchell as one of the Most influential Women in Mid-Market M&A.

Click here to view the article.

Sperry Mitchell Advises Highway Safety on its Sale to Race Rock Infrastructure

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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Business Wire

Mergers & Acquisitions

Houston Business Journal

 

Sperry Mitchell Advises Le Sueur Incorporated on its Sale to Delos Capital and The Silverfern Group

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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Yahoo!

Private Equity Professional

Cision PR Newswire

Business Wire

Sperry Mitchell Advises SUPCO on its Sale to NSI Industries

New York, NY (August 10, 2022) Sealed Unit Parts Co., Inc. (“SUPCO”) of Allenwood, NJ has been acquired by NSI Industries (“NSI”) of Huntersville, NC, a portfolio company of Odyssey Investment Partners (“Odyssey”), headquartered in New York, NY. Sperry, Mitchell & Company initiated this transaction, assisted in negotiations, and served as exclusive financial advisor to SUPCO.  

SUPCO (www.supco.com) is an innovative leader serving the HVAC/R and Appliance parts industries  with high-performing parts, components, test instruments, and tools. Headquartered in Allenwood, N.J., SUPCO operates production facilities in New Jersey, the Midwest, and Asia. SUPCO maintains a worldwide network of sales representatives and distributors to serve both domestic and international customers. Within the last decade, SUPCO’s strategic growth has included acquisitions of Climate Technology Corporation, A-1 Components and Cam-Stat. SUPCO’s commitment to innovation, manufacturing quality and new technologies has fueled impressive recent growth.

“SUPCO has been a leader in HVAC/R for more than 75 years and has built a tremendous reputation with its customers for providing first-in-class products, as well as a collaborative, forward thinking organization which puts the customer first,” said Rob Hennessy, NSI’s HVAC/R division manager. “By leading with these attributes, SUPCO naturally aligns itself with NSI and its approach to the marketplace. We welcome the entire SUPCO team to the NSI family and look forward to increasing SUPCO’s HVAC/R and Appliance market share with the added strengths that comes with being a part of the NSI platform.”

“When customers see the SUPCO brand, they can expect technician-focused innovation at value-driven prices, and a commitment to integrity, flexibility, and partnership,” explained SUPCO CEO Chris Mancuso. “NSI Industries and its brands also share these ideals, so we are excited to broaden and strengthen our position in the HVAC/R and Appliance end market part of the NSI family.”

NSI Industries (www.nsiindustries.com) is a leading supplier of stock-and-flow electrical products to the electrical, building technology and HVAC/R markets in North America and worldwide. The Company offers over 7,500 SKUs spanning 21 product categories, including connectors, fittings, wire management and controls.

Odyssey Investment Partners (www.odysseyinvestment.com) is a leading growth-focused middle-market private equity investor, with over $8 Billion of assets under management. Odyssey has established a 20 year history of partnering with manager teams, primarily investing in two broad sectors: industrial products and business services.

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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Industrial Distribution

Modern Distribution Management

Sperry Mitchell Advises MTA on its Sale to PNC Riverarch

New York, NY (July 25, 2022) – Medical Technology Associates, Inc. (“MTA”) of Pinellas Park, FL, has been acquired by PNC Riverarch Capital (“PNC Riverarch”) of Pittsburgh, PA. Sperry, Mitchell & Company initiated the transaction and served as exclusive financial advisor to MTA.  

Medical Technology Associates, Inc. (MTA”) (www.mtausa.com) is a leading provider of test, inspection, maintenance, and certification services to the medical gas and controlled environment industries. MTA is one of the largest single-source healthcare compliance companies in the United States. Headquartered in Pinellas Park, FL, the Company maintains national coverage, with regional hubs in Florida, Texas, Arizona, Kansas, and Indiana. In addition to providing service on all major medical gas systems, MTA serves as a distributor for leading equipment manufacturers, including Powerex and Amico. MTA is also a leading national provider of controlled environment solutions, including a comprehensive suite of clean room / hood certification and testing services for pharmacies and labs.

Valeri Marks, President and CEO of MTA, commented, “We are excited to join forces with PNC Riverarch. We have spent years building the infrastructure to support a large and sophisticated organization and look forward to working with PNC Riverarch to aggressively pursue growth, both organically and through strategic partnerships.”

 

“MTA has a well-earned reputation as a best-in-class provider, supported by its consistent investment in personnel and technology. We believe MTA is ideally positioned to capitalize on exciting industry momentum,” said Andrew Barza, principal with PNC Riverarch. Michael Miller, director with PNC Riverarch added, “We plan to work closely with Val and her team to pursue organic and acquisition-based growth to enhance our suite of offerings and build upon our value proposition to our customers.”

PNC Riverarch (www.pncriverarch.com) is a middle-market private equity firm investing in market-leading companies where it can partner with management to support accelerated growth. 

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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PR Newswire

Tampa Bay Business & Wealth

PNC Riverarch