The Branford Team Has Won Considerable Industry Recognition

  • 2015 M&A 40 Under 40 Emerging Leader – Eric Korsten
  • 2012 M&A Deal of the Year (between $50-75 million) – Branford
  • 2010 M&A Deal (between $30-50 million) – Branford
  • 2010 M&A Environmental Deal of the Year (up to $100 million) – Branford
  • 2001-2010 M&A Deal of the Decade (between $30-50 million) – Branford

Highlights

2/16/17

Branford Castle Acquires Surface Preparation Technologies

The nation’s leading provider of rumble strips


Branford Castle Partners, L.P. (“Branford Castle”), a New York City-based private equity firm, today announced that its affiliate has purchased Surface Preparation Technologies, LLC (“SPT”), the nation’s leading provider of rumble strips and related roadway safety services. The existing SPT management team invested in the transaction alongside Branford Castle’s affiliate Fund and will continue to lead the company.


“Rumble strips are vital highway and roadway safety features that alert inattentive drivers of potential danger, and are a proven and cost-efficient measure to keep travelers safer by reducing the risks of crossover and run-off traffic accidents,” said Steve Burke, CEO of SPT.


Based in Mechanicsburg, PA, SPT has garnered its leading market position through a unique combination of roadway infrastructure expertise and its extensive fleet of proprietary equipment. SPT designs and manufactures its high-performance, patented rumble strip machines, or “mills”. SPT’s mills run significantly faster and are more durable than competitors’ machines. (www.rumblestrips.com)


The Company, founded in 1988, is considered a pioneer in the roadway safety industry and has installed more than 150,000 miles of rumble strips across 49 states. The ultimate customer for SPT’s services is typically a state’s Department of Transportation.


“SPT has established itself as the national leader in the rumble strip market with a reputation among its customers for outstanding service and reliability,” said Eric Korsten, Managing Director at Branford Castle. “We are especially excited to work on this investment with Abacus Finance Group, which is providing senior debt financing, and Brookside Mezzanine Partners, which is providing mezzanine debt financing. Of particular note, both of our lender partners have also made equity co-investments in the transaction.”


“We are delighted about the opportunity to partner with CEO Steve Burke and his experienced management team to help them continue to build the company,” said Laurence Lederer, Managing Director at Branford Castle. “SPT is exceptionally well-positioned to continue to achieve strong organic growth and to benefit from increasing levels of infrastructure spending in the United States.”


Branford Castle was advised by its legal counsel, Akerman LLP. Terms of the transaction were not disclosed.

7/26/16

Branford Castle Acquires Earthlite Massage Tables

A leading global brand in health and wellness


Branford Castle Partners, LP (“Branford Castle”), a New York City-based private equity firm, today announced that its affiliate has purchased Earthlite Massage Tables (“Earthlite”), a pre-eminent manufacturer and supplier of health and wellness equipment. The sellers were the company’s founders.


The company offers over 300 active SKUs of massage tables, alternative beauty and wellness equipment, supplies and accessories, oils and creams, manicure and pedicure equipment and medical exam equipment. Earthlite serves a diverse customer base of more than 3,700 customers in over 120 countries. The existing Earthlite management team invested in the transaction alongside Branford Castle’s affiliate and will continue to lead the company.


Headquartered in Vista, CA, Earthlite’s most prominent products are its massage tables, which garner 20% global market share. The company has a family of six proprietary brands of massage tables that are among the longest-standing and most-respected in the market, including Living Earth Crafts, Stronglite, Earthlite and Inner Strength. (www.earthlite.com)


Across the company’s wide spectrum of products, end-customers include most leading international hotel chains, many of the leading brands in the fast-growing franchised day spa segment and thousands of individual massage therapists. Earthlite has received American Spa Magazine’s Professional’s Choice Awards in the following distinguished categories: “Favorite Treatment Table Manufacturer” every year from 2010 through 2015, “Favorite Nailcare Furniture Manufacturer” in 2014 and 2015, and “Favorite Company for Manufacturer Support.”


“Earthlite has established itself as a global leader in the wellness products market with an unparalleled reputation for product quality and innovation,” said Laurence Lederer, Managing Director at Branford Castle. “We are excited about this investment and the opportunity to partner with CEO Jim Chenevey and his excellent management team to help them continue to build the business. We believe that the company is poised to grow in its line of tables, and in many other product categories, both through organic growth and through strategic acquisitions.”


“We look forward to working closely with Branford Castle in the next stage of growth of our business,” said Chenevey. “The health and wellness market is expanding globally, and Earthlite is in an excellent position to take advantage of the growth opportunities.”


Branford Castle was advised by its legal counsel, Akerman LLP. “We are especially excited to be working with TCF Capital Funding which provided the senior debt financing, and Siguler Guff & Company, LP which provided mezzanine debt financing and made an equity co-investment for the transaction,” said Eric Korsten, Managing Director at Branford Castle.


Stout Risius Ross, Inc. served as financial advisor to Earthlite and TroyGould PC served as their legal advisor. Terms of the transaction were not disclosed.

6/2/16

John S. Castle, Managing Partner, provides insights in the Axial Network Forum on the role of the board of directors for private equity-owned businesses.

Click here to learn more.

4/18/16

John K. Castle participates in The M&A Advisor’s Stalwarts Roundtable.

Click here to download the report.

10/6/15

Eric Korsten, Managing Director, provides insights on “4 Ways Private Equity Can Outflank Strategic Buyers” in Axial Network Forum.

Click here to read the article.

6/01/15

Eric Korsten, Managing Director, named as an M&A Advisor 40 Under 40 Emerging Leader.

Click here to learn more.

5/18/15

John K. Castle – 2015 Peter Hilton Founder’s Award Recipient
5th Annual Champion’s Awards

Click here to learn more.

1/21/14

Branford Castle wins M&A Advisor Deal of the Year $50 million to $75 million. Click here to learn more.

11/25/13

Branford Castle has acquired a leading Florida based chain of company-owned deli restaurants. The transformative acquisition will allow a co-founder to retire and help position the company for future growth. The Branford Castle/Castle Harlan team has decades of experience in growing restaurant concepts including being the control owners of Morton’s of Chicago Steakhouses, McCormick & Schmick’s, Brio Tuscan Grille, Bravo! Cucina Italiana, and the exclusive Burger King Puerto Rico franchise, amongst many others.

Branford is excited to help existing management realize their goal of creating a national chain of restaurants.

11/25/13

Branford Castle’s John S. Castle on new investments, European spillover


1/21/13

Branford Castle wins M&A Advisor Deal of the Year $50 million to $75 million.

Click here to learn more about M&A Advisor.