New York, August 5th – Branford Castle Partners, LP (“Branford Castle”), a New York City-based private equity firm, today announced the acquisition of ABC Industries, Inc. This is the 10th transaction overall for Branford Castle’s fund, which closed in late 2016, and its sixth platform investment.
Headquartered in Warsaw, IN, ABC is a niche market leading manufacturer and distributor of high-quality flexible ventilation solutions and technical fabrics. Its products are essential for industrial ventilation, industrial textiles, underground mining and tunneling. While highly durable, its products are often replaced regularly.
ABC owns and operates two manufacturing plants, one in Warsaw, IN, and the other in Grand Junction, CO, that are strategically located to provide customers with optimal service. Founded in 1926, ABC’s customers have, in many cases, been with the company for decades. Its customers are often leaders within their respective industries.
“We are continuing our rapid pace of acquisitions for the fund,” said David A. Castle, Managing Partner of Branford Castle. “We look forward to partnering with management on their next phase of growth.”
The company is led by CEO Steven Fleagle, a 40-plus year industry veteran. He is supported by a strong team of tenured executive leaders. “We are excited to partner with Branford Castle to accelerate new product development, production and process efficiencies, geographic and customer expansion and potential acquisitions,” said Fleagle.
Terms of the transaction were not disclosed.