Patch Products designs, manufactures, distributes and markets games, children’s puzzles, preschool toys, creative activities and teaching tools. Top-selling brands include 5 Second Rule®, Don’t Rock the Boat™, Farkle, The Game of THINGS…®,Mirari®, 100 Wacky Things®, Lauri® and Wooly Willy®. Patch also has distribution rights for Perplexus™, Wood WorX™ and Stratego®. The company was founded in 1985 and is headquartered in Beloit, WI (www.patchproducts.com).
“The growth Patch has seen in recent years is a result of its diverse, multi-category product line and its distribution in both mass and specialty retailers,” said Stephen Lebowitz, Managing Director at Topspin. “We are excited to have found this outstanding company and are looking forward to supporting its management team and building upon its strong foundation.”
Post-closing, the Patch management team, led by CEO Bob Wann, will remain with the company. Mr. Wann is a prominent member of the toy industry, serving on both the Toy Industry Foundation Board of Directors and as Treasurer on the Executive Committee of the Toy Industry Association’s Board of Directors.
“We are excited to have Topspin as our partner going forward. It was very apparent from all of our discussions that Topspin shares the same excitement and support for the strategic vision we have for Patch. This, combined with the additional financial resources that they can provide, will trigger further expansion and growth for Patch.” said Mr. Wann.
Topspin Partners makes control investments in profitable and established lower middle-market businesses. Sectors of interest include business and information services, health and wellness, leisure, food and beverage and security. The firm is based near New York City in Roslyn Heights, NY (www.topspinpartners.com).
2014 PEPD • Private Equity’s Leading News Magazine • 9-19-14