Acquisition Criteria
- Up to $100 million in enterprise value
- $1.5 to $15.0 million of EBITDA
- Leader in a niche industry
- Proprietary and sustainable competitive advantages
- Strong barriers to entry
- North America-based
- Operationally healthy
- Achievable growth opportunities
Industries of Focus
- “Niche Market Leaders”
- Consumer goods and services
- Industrial and manufacturing
- Value-added commercial distribution
- Business services
- Marine products and services
Management Team
JOHN S. CASTLE
John S. Castle is responsible for managing Branford, including all activities of the Branford funds. Mr. Castle is and has been a Board member of various companies owned by Branford, including Carmel Car and Limousine Service, Earthlite Massage Tables, Vitrek, and Titan Production Equipment. Prior to joining Branford in 2002, he was a Director of Business Development at Airwave Wireless (an Idealab! Company, the leading Internet incubator in the early 2000’s). Prior to that, he was an Analyst, M&A at Dillon Read & Co. John S. Castle received an A.B. from Harvard College, where he was a John Harvard Scholar (top annual academic achievement) and Cum Laude graduate. He also started at running back on the Harvard football team. He received an M.B.A. from the Harvard Business School. He was also a member of the Board of Trustees of the Riverdale Country School in New York City, and is a Trustee of the Catholic Charities of the Archdiocese of New York.
DAVID CASTLE
Mr. Castle’s primary responsibilities are deal execution, post-acquisition oversight and fund administration. Mr. Castle is and has been a board member of various companies owned by Branford. Prior to joining Branford in 1996, he was a Regional Director for Santa Fe Steakhouse, a casual themed restaurant chain headquartered in Ohio. Prior to that, he was a Risk Management Specialist with GE Capital/Monogram Bank. David Castle received a B.A. from Skidmore College (Phi Beta Kappa) and a J.D. from the Cornell Law School with a concentration in business law and regulation. David Castle is licensed to practice law in the state of New York. He is a member of the Big Apple Gold Chapter of the Young Presidents’ Organization. Mr. Castle has been a member of the Board of Trustees of Skidmore College and a member of its Alumni Association Board of Directors, as well as an officer and member of the Board of Trustees of the Caedmon School in New York City.
Eric Korsten
Position: Senior Managing Director
Categories: sidebar, team
Mr. Korsten is a Senior Managing Director and Investment Committee member of Branford. He has been active in private equity and finance for over 25 years. Mr. Korsten is currently a board member of ABC Industries, Hoffman Engineering and Testek Solutions. Prior to re-joining Branford, he held senior roles in private equity. Before then, Mr. Korsten was a Senior Managing Director and Investment Committee member at Branford, where he worked for over a decade. While at Branford, he led numerous investments across a variety of industries and held board seats on a number of boards, including notable investments in Surface Preparation Technologies and Pulse Veterinary Technologies. Early in his career, Mr. Korsten was an investment banker focused on M&A, restructuring and capital markets at several investment banks, including Jefferies & Co.
Mr. Korsten graduated from the University of Pennsylvania with a B.A. and holds an M.B.A. from New York University – Leonard N. Stern School of Business.
CEON FRANCIS
Position: Managing Director
Categories: sidebar, team
Mr. Francis is responsible for sourcing, evaluating, executing and overseeing new investments. He has been with Branford since 2018 and is currently a board member of Hoffman Engineering, Lafayette Instruments and Handi Quilter. Prior to Branford, Mr. Francis began his career in management consulting before transitioning to Macy’s where he was a Director focused on Strategy & Marketing. Mr. Francis received his B.A. in Economics from Wesleyan University and earned an M.B.A. from ESSEC Business School in France. Additionally, he was recognized as one of 2020’s Rising Star Dealmakers by the Global M&A Network and was also selected as one of the winners of the M&A Advisor’s 11th Annual Emerging Leaders Awards.
JAMES REDDINGTON
Position: Chief Financial Officer
Categories: sidebar, team
Mr. Reddington manages the financial, administrative and accounting operations of a global portfolio of companies. Prior to joining Branford in 2010, he was CFO of Synergy Workplaces, a provider of flexible workplaces. Prior to that, Mr. Reddington was CAO of NY Mortgage Trust, a mortgage REIT listed on the NYSE, where he oversaw all financial accounting, operational accounting and budgeting, SEC reporting and Sarbanes-Oxley compliance. Mr. Reddington received a B.S. in accounting from Fairleigh Dickinson University. He is a Member of the American Institute of CPAs and is a Certified Public Accountant.
Marilyn Yang
Position: Principal
Categories: sidebar, team
Ms. Yang is involved in the sourcing, acquisition and oversight of new and existing investments and is currently a board member of ABC Industries, GPT Industries, and Marine Floats. Prior to joining Branford in 2018, Ms. Yang worked as an investment banking analyst in the Global Industrials Group at Barclays, where she focused on mergers and acquisitions as well as equity and debt financing transactions. Ms. Yang graduated from the Wharton School of the University of Pennsylvania with a B.S. in Economics and concentrations in Finance, Marketing and Strategic Management.