Atlas Holdings has acquired Saxco International, a distributor of rigid packaging used in the wine, spirits, craft beer, and food markets, from The Sterling Group which acquired the company in 2010 through its third fund.
Saxco’s packaging products and services include glass, metal, and plastic containers, capsules, closures, custom packaging and mold development. The company’s customers include more than 5,000 wineries, distillers, brewers and specialty food manufacturers across North America.
Saxco, led by CEO Guy Marsala, has more than 250 employees and is headquartered near San Francisco in Concord, CA (www.saxco.com).
“This exciting new partnership with Atlas signals the start of the next great chapter in the Saxco legacy,” said Mr. Marsala. “Atlas’ proven record of investing the human and financial capital to strengthen fundamentally strong businesses is a perfect fit for where Saxco is today. The future of our business got brighter today, and we’re thrilled to seize the many opportunities ahead.”
“We are extremely pleased to welcome Saxco to the Atlas family of distribution and manufacturing businesses,” said Sam Astor, a partner at Atlas Holdings. “Saxco’s proud heritage and sector expertise position the company well for sustained growth, particularly as specialty brands and craft producers gain market share across all beverage categories. There are eight times as many breweries in the US as there were a decade ago, and seven times as many distilleries. The number of wineries during this period has also continued to grow steadily. Saxco’s leadership team and dedicated workforce will now have the added capital and support to meet this growing demand by delivering value-added, superior customer service.”
Atlas is an industrial holding company that operates in a number of sectors and its portfolio companies generate in excess of $5 billion in revenues annually. The company was founded in 2002 and is headquartered in Greenwich, CT (www.atlasholdingsllc.com).
© 2019 Private Equity Professional | January 7, 2019
Olympia Chimney Supply, a portfolio company of Argosy Private Equity, has acquired Copperfield Chimney Supply, a distributor of hearth and chimney systems, from The Home Depot.
Olympia Chimney, acquired by Argosy in May 2012, is a designer, manufacturer and distributor of stainless steel chimney liners, venting systems for heating appliances, and other accessories to venting professionals and hearth retailers throughout the United States. The company, led by CEO Bryan Yourdon, was founded in 1999 by Will Kozlansky and is headquartered in Scranton, PA with additional distribution centers in North Carolina, Indiana, Oregon and New Hampshire (
Argosy Private Equity invests from $5 million to $20 million in lower middle market companies that have revenues of $15 million to $100 million and EBITDA of $3 million to $9 million with EBITDA margins of 10% or greater. Sectors of interest include business services and manufacturing. Argosy Private Equity is a division of Argosy Capital Group, an investment adviser with $1.3 billion of assets under management. The firm was founded in 1990 and is headquartered in the Philadelphia suburb of Wayne, PA (
Blue Point Capital Partners has acquired W.A. Kendall and Co., a provider of vegetation management services to utility companies in the Southeast United States.
“Given its impressive reputation and growth, W.A. Kendall is a perfect example of the type of company with which Blue Point aims to invest,” said Brian Castleberry, a principal with Blue Point. “We look forward to partnering with and assisting the management team as they continue to evolve the company’s capabilities and drive profitable growth.”
Blue Point invests in manufacturing, distribution and service businesses that have from $20 million to $300 million in revenue and EBITDA greater than $5 million. The firm has offices in Cleveland, Charlotte, Seattle, and Shanghai (
“W.A. Kendall’s strong reputation for safety, reliability and customer service has positioned the company well in the market,” said Sean Ward, a partner with Blue Point. “We are thrilled to partner with such an exceptional team to enhance its business practices, operational capabilities and continue its growth story.”
WindRose Health Investors has closed its fifth fund, WindRose Health Investors V LP, with $705 million of capital commitments. The new fund was oversubscribed and closed at its hard cap.
The senior investment team at WindRose has been investing together for well over a decade and has over 80 years of combined experience working with healthcare businesses. “WindRose’s deep domain knowledge and extensive network of healthcare industry relationships equips us to identify attractive investment targets and to bring new growth opportunities to each of the companies with which we partner,” said Curtis Lane, the firm’s founding partner.
“It is gratifying to see our team’s strategy and track record so well received in the market. We are grateful for the trust placed in us by a distinguished group of investors and will work diligently to execute our plan,” said Oliver Moses, managing partner at WindRose.
