Woodstream, a manufacturer of pest and animal control products as well as lawn and garden products and a portfolio company of Vestar Capital Partners, has acquired Dynamic Solutions Worldwide, the maker of DynaTrap insect traps.
Dynamic Solutions Worldwide (DSW) is a provider of DynaTrap branded indoor and outdoor insect traps for mosquitoes, flies, moths, wasps and other flying insects without the use of pesticides or chemicals. Other company-owned brands include electronic insect swatter DynaZap and natural weed killer DynaSteam.DSW’s products are sold at home and hardware retailers including Home Depot, Costco, Sam’s, Bed Bath & Beyond, Amazon, and Ace Hardware, as well as on QVC, HSN, and other online retailers. The company was founded in 2006 by President Juan Rocha and is headquartered in Milwaukee.
“Woodstream is the perfect home for DynaTrap,” said Mr. Rocha. “There is a natural synergy between our companies, and through this combination, DynaTrap’s products will be introduced to a significant group of new customers.”
Vestar acquired Woodstream – a manufacturer and marketer of pest and animal control products – from Brockway Moran and CHS Capital in June 2015. Woodstream’s product portfolio includes wild bird feeders, organic pest controls, rodent control products, wild animal controls, lawn & garden decor products, and animal training and containment products. Brand names include Victor mouse and rat traps; Terro ant traps; Havahart animal cage traps; Safer organic insect controls; Perky-Pet bird feeders; Mosquito Magnet traps; and Sweeney’s mole and gopher control products. The company’s products are sold at more than 100,000 retail locations and to professional pest control providers throughout the United States, Canada, the United Kingdom, and other international markets. The company, led by CEO Miguel Nistal, is headquartered in Lancaster, Pennsylvania.
“The addition of DynaTrap not only adds a highly regarded and successful product line to Woodstream’s existing offerings, but it also introduces us to additional blue-chip clients which complement our current roster of world-class customers,” said Mr. Nistal. “Demand for DynaTrap insect traps has never been higher as new and more potent strains of mosquito viruses develop each year. We are excited to welcome the DynaTrap team, and we remain on the lookout for additional strategic acquisitions that will supplement Woodstream’s strong organic growth.”
Vestar specializes in management buyouts and growth capital investments. The firm targets equity investments from $50 million to $150 million in middle-market companies with enterprise values ranging from $250 million to $1 billion. Sectors of interest include consumer; business services and healthcare. Since Vestar’s founding in 1988, the firm has completed more than 80 investments in companies – as well as more than 200 add-on acquisitions – with a total value of more than $50 billion. Vestar has offices in New York, Boston, and Denver.
© 2019 Private Equity Professional | November 19, 2019