Given the decades of experience that our team has, there are very few industries that our team has not invested into, with the exception of the fashion and high tech industries. The below are all industries in which we have specific investing experience. In addition, we have solutions involving owned real estate that is included with operating companies. More important than any one industry, we are looking for the below acquisition criteria for the companies we invest into:
- Up to $75 million in enterprise value
- $1.5 to $15.0 million of EBITDA
- Leader in a niche industry
- Proprietary and sustainable competitive advantages
- Strong barriers to entry
- North America-based
- Operationally healthy
- Achievable growth opportunities
Industries of Focus
- “Niche Market Leaders”
- Consumer goods and services
- Industrial and manufacturing
- Value-added commercial distribution
- Business services
- Marine products and services
Mr. Eric Korsten is most heavily involved in the sourcing, acquisition and oversight of new and existing investments. He is a board member of TooJay’s Restaurant & Deli and a member of its audit committee and a board member of Earthlite Massage Tables. In 2015, Mr. Korsten received “Top 40 Under 40” recognition from The M&A Advisor and was a judge for the 14th Annual M&A Advisor Awards. Prior to joining Branford in 2011, he was a Vice President at the investment banking firm Jefferies & Co., Inc. While at Jefferies, he worked on over $30 billion of restructuring and M&A advisory mandates and completed over $7 billion of financings. Mr. Korsten received a B.A. from the University of Pennsylvania and an M.B.A. from the Leonard N. Stern School of Business at New York University. He is an alumni interviewer for the University of Pennsylvania.
Mr. Laurence Lederer is primarily involved in the sourcing, acquisition and oversight of Branford Castle Fund investments. He is a board member of Earthlite Massage Tables, Vitrek and Drew Foam. Prior to joining Branford Castle in 2015, Mr. Lederer founded Rubicon Associates, an independent sponsor, where he invested in and took on senior operating roles in small, private companies. Prior to that, Mr. Lederer was a Principal at ACG Capital, where he sourced, evaluated and executed private equity investments in the business services and education sectors for a family office. He has also worked as an investment banking Associate at Morgan Stanley & Co. and an Associate at Castle Harlan, Inc. Mr. Lederer received a B.A. from Carleton College, where he was a cum laude graduate, and received his M.B.A. from the Harvard Business School. He is a former member of the Board of Trustees of Riverdale Country School and the City Parks Foundation.
John S. Castle
Investment Committee Member
Mr. John S. Castle’s primary responsibilities are deal sourcing, deal execution, and post-acquisition portfolio oversight. Mr. Castle is and has been a board member of various companies owned by Branford, including TooJay’s Restaurant & Deli and Earthlite Massage Tables. Prior to joining Branford in 2002, he was a Director of Business Development at Airwave Wireless (an Idealab! Company, the leading Internet incubator in the early 2000’s). Prior to that, he was an Analyst, M&A at Dillon Read & Co. John S. Castle received an A.B. from Harvard College, where he was a John Harvard Scholar (top annual academic achievement) and a Cum Laude graduate. He received an M.B.A. from the Harvard Business School. He is a member of the Manhattan Chapter of the Young Presidents’ Organization (“YPO”) and is the Co-Chairman of the Harvard Class of 1995 Fundraising Committee. He is also a member of the Board of Trustees of the Riverdale Country School in New York City.
Investment Committee Member
Mr. David Castle’s primary responsibilities are deal execution, post-acquisition oversight and fund administration. Mr. Castle is and has been a board member of various companies owned by Branford. Prior to joining Branford in 1996, he was a Regional Director for Santa Fe Steakhouse, a casual themed restaurant chain headquartered in Ohio. Prior to that, he was a Risk Management Specialist with GE Capital/Monogram Bank. He received a B.A. from Skidmore College (Phi Beta Kappa) and a J.D. from the Cornell Law School. He is licensed to practice law in the state of New York. He is a member of the New York Metro Chapter of Young Presidents’ Organization. Mr. Castle has been a member of the Board of Trustees of Skidmore College as well as a member of its Alumni Association Board of Directors.