Branford Castle's Vision Realized with Clean Solutions Sale
Branford Castle's Strategic Acquisition Success
Branford Castle Partners recently marked a significant achievement with the successful sale of Clean Solutions Group (CSG). This transaction, completed on a notable day in September, highlights the efficacy of their investment strategy and demonstrates the remarkable potential of environmentally responsible businesses in today's market.
Milestone for Fund II
The completion of this sale stands as the first major exit for Branford's Fund II, a fund launched in 2021. From this strategic move, the firm has recouped approximately 103% of all capital invested to date. Such a substantial return bodes well for the fund’s standing as it may feature among the top decile of its peers from the same vintage, according to insights from industry analytics.
CSG's Growth and Innovation
CSG is recognized as a leader in providing nonwoven filtration media and high-quality cleaning products that are environmentally friendly. Their collaboration with Branford Castle yielded substantial growth during the four years of ownership, involving pivotal expansions and the introduction of a new manufacturing line. These actions not only bolstered the company's operational capabilities but also enhanced its market presence.
Elevating Product Standards
During this partnership, Branford Castle played an instrumental role in bringing CSG into the high-demand segment of MERV (Minimum Efficiency Reporting Value) products. Keith White, the CEO of CSG, acknowledged the depths of this partnership, emphasizing how the firm supported their evolution into a top-tier manufacturer. The transaction reflects the company's dedication to innovation and excellence, reinforcing its reputation in the industry.
Community and Collaboration at CSG
As discussed by Ceon Francis, Managing Director at Branford, the partnership blossomed into a successful venture marked by significant EBITDA growth. This level of success was achieved through close collaboration with CSG management, demonstrating the firm’s commitment to nurturing strong relationships with its portfolio companies. This sense of community has proven to be integral in driving forward their shared goals.
Advisory and Legal Expertise
Branford Castle received advisory support from industry experts to facilitate this transaction. Piper Sandler & Co served as the financial advisor, while Akerman LLP provided legal counsel – together ensuring that the process was navigated smoothly. RSM also played a pivotal role as the accounting and tax advisor for CSG in this significant transition.
The Future of Branford Castle Partners
Branford Castle has built a reputation as a proficient private market investor, focusing on lower-middle-market opportunities and enriching businesses for over 30 years. Their investment approach emphasizes solid control in companies, typically those with up to $15 million in EBITDA. Their interests extend across various sectors including industrials, specialty manufacturing, and logistics, allowing them to leverage their diverse expertise.
This success story not only showcases Branford's abilities in harnessing innovative manufacturing solutions but also highlights their forward-thinking approach toward business growth. Branford remains committed to establishing profound partnerships that inspire development and create lasting value.
Frequently Asked Questions
What is Branford Castle's recent achievement?
Branford Castle has successfully sold Clean Solutions Group, marking a significant milestone for its Fund II.
What role did Branford Castle play in CSG's growth?
Branford Castle assisted CSG in significant expansions and helped transition them towards high-demand MERV products.
Who were the advisors involved in the transaction?
Piper Sandler & Co served as the financial advisor, Akerman LLP provided legal support, and RSM assisted in accounting and tax advice.
What are the focuses of Branford Castle's investments?
Branford Castle focuses on lower-middle-market investments, primarily in industrial sectors, specialty manufacturing, and logistics.
How has CSG performed under Branford Castle's ownership?
Under Branford Castle’s ownership, CSG has significantly increased its EBITDA and established itself as a premier manufacturer in its field.
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