TVV Capital has acquired Bigham Brothers, a manufacturer of agricultural tillage and cultivating equipment.
“The acquisition of Bigham Brothers is a continuation of TVV Capital’s focused approach, ability to independently source deals and cultivate relationships to identify and invest in high-growth opportunities on behalf of our investors,” said Andrew Byrd, TVV Capital’s President. “Given its management team, current market penetration and future product strategy in the sustainable agriculture movement, Bigham is poised for considerable growth and market expansion.”
Bigham Brothers manufactures agricultural tillage and cultivating equipment for the sustainable agricultural market. The company’s products are used in both flat and raised bed planting environments and serve to reduce tractor fuel consumption, control soil and water erosion and aerate the soil. Products are marketed through the Bigham Brothers and Lilliston brands and are available through a network of approximately 1,400 independent dealers and co-operatives. The company was founded in 1933 and is based in Lubbock, TX (www.bighambrothers.com).
“TVV Capital approached us as a true partner would. From the onset, they brought a unique understanding of our market, management style and future vision,” said Sandy Kimball, retiring President of Bigham Brothers. “TVV’s acquisition of Bigham will enable us to not just maintain, but also aggressively expand our U.S.-based manufacturing facility to keep pace with market demand and continue our growth trajectory.”
TVV Capital is a lower middle-market private equity firm that invests in companies with revenues of $15 million to $150 million and EBITDAs of $2 million to $20 million. The firm was founded in 1997 and is headquartered in Nashville (www.tvvcapital.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 2-6-13
