Capstone Headwaters, a leading international investment banking firm, advised ABC Industries, Inc. (“ABC”), a portfolio company of CID Capital, on its acquisition by Branford Castle Partners. Terms of the deal were not disclosed.
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.
Headquartered in New York City, Branford Capital Partners is a pre-eminent private market investor. They are focused on working with already strong companies that typically have under $100MM in sales. Since Branford’s founding in 1986, their mission has been to work with companies to maximize their potential, both in terms of strengthening operations and facilitating growth.
John Aplin, Managing Director at CID Capital, said
“Throughout the entire ABC process, Capstone Headwaters' contributions and efforts guided ABC Industries to a solid financial outcome for the Company and its shareholders. “Whenever we encountered issues or challenges during the ABC sale process, we were able to use our collective resources to overcome those hurdles. Good leadership and teamwork produce outstanding results, and Mike’s leadership, coupled with everyone’s focused contributions produced a very positive outcome for ABC Industries.”
Steve Fleagle, CEO of ABC Industries, remarked
“From the CIM through the due diligence, the Capstone Headwaters team has been great to work with. We appreciate the energy you guys brought and how you coached the team.”
Mike Schumacher, Managing Director at Capstone Headwaters, commented
“Bringing leadership to the marketing effort, which was the heartbeat of this transaction, we were able to not only get a great result for CID Capital on their last fund investment but also find an excellent new partner for ABC Industries to take the company forward.”
Eric Korsten, Managing Director of Branford Castle, added
“Branford Castle is excited about the ABC opportunity. It is a niche market leader in many of its market segments and is well-positioned to continue to grow through a number of organic initiatives under the leadership of its excellent management team.”