BFG Supply Company, a portfolio company of Tricor Pacific Capital, has acquired certain assets of Commerce Corporation, a lawn and garden products distributor.
Commerce Corporation supplies lawn and garden products to the garden centers. Products include pots, fire pits, gliding chairs; tidings; seeds; aquatics; and wild bird care products. The company was formerly known as Commerce Distributors and changed its name to Commerce Corporation in 1994. Commerce Corporation was founded in 1923 and is based in Baltimore, MD (no active website found).
In connection with the transaction, BFG Supply Company (BFG) has expanded its operating footprint with the addition of Commerce’s former Grand Rapids, MI facility, as well as the hiring of 50 employees. With over 200,000 square feet of warehouse space, the Grand Rapids facility augments BFG’s existing network of 12 distribution centers.
BFG Supply Company is a distributor of supplies to the US greenhouse growing, nursery and professional turf industries. BFG services a varied customer base consisting of commercial greenhouse and nursery growers, lawn and garden centers, and professional turf customers across the Midwest and Mid-Atlantic US. BFG’s product line covers consumable items such as containers, chemicals, fertilizers, live plants, seeds and growing media, and capital items such as greenhouse structures and irrigation equipment. The company is based in Cleveland (www.bfgsupply.com).
Tricor Pacific invests in middle-market companies with enterprise values from $25 million to $250 million in the manufacturing, service, distribution and consumer product sectors that are located in the west and mid-west regions of Canada and the United States. The firm currently manages approximately $1 billion of capital and is investing its fourth fund with $555 million in committed capital. Tricor Pacific was founded in 1996 and is headquartered in Vancouver with an additional office in Chicago (www.tricorpacific.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 1-24-13
