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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