Lower middle market investor Woodlawn Partners has acquired BW Manufacturing, a maker of equipment used in surface preparation applications.
BW manufactures concrete flooring equipment and industrial vacuums for the building, restoration, and maintenance industries, as well as utility and manufacturing plants. The company’s products are used primarily in the construction and restoration of bridge decks, roads, and commercial facilities such as warehouses. BW was founded in 1996 and is headquartered just north of Grand Rapids in Comstock Park, MI (www.bwmanufacturing.com).
Woodlawn Partners invests in companies that have revenues of more than $5 million and EBITDA of $1 million to $6 million. Sectors of interest include manufacturing, property and facility services, information technology, niche financial services, distribution, and transportation and logistics. The firm was founded in 2010 by Partners Greg Bregstone and Evan Gobdel and is based in Chicago (www.woodlawnpartners.com).
Generational Equity (www.genequityco.com) was the financial advisor for BW Manufacturing. “Our marketing efforts for BW Manufacturing generated over 50 interested parties and numerous proposals,” said Musa Jagne, a Vice President at Generational Equity. “In the end, it was Woodlawn Partners that proved to be the best suitor. Our client is confident that Woodlawn has the right personnel, expertise, and experience to take BW Manufacturing to the next level.”
Salem Investment Partners (www.salemip.com) provided the debt financing for the transaction.
© 2017 Private Equity Professional | August 3, 2017
