M&A Deal Summary

Branford Castle Partners and Brookside Capital Partners Acquire Clean Solutions Group

On February 9, 2022, private equity firm Branford Castle Partners and mezzanine finance firm Brookside Capital Partners acquired manufacturer Clean Solutions Group

Acquisition Highlights
  • This is Branford Castle Partners’ 5th and Brookside Capital Partners’ 4th transaction in the Manufacturing sector.
  • This is Branford Castle Partners’ 15th and Brookside Capital Partners’ 53rd transaction in the United States.
  • This is Branford Castle Partners’ 2nd and Brookside Capital Partners’ 1st transaction in North Carolina.

M&A Deal Summary

Date 2022-02-09
Target Clean Solutions Group
Sector Manufacturing
Buyer(s) Branford Castle Partners
Brookside Capital Partners
Deal Type Consolidation

Target

Clean Solutions Group

Mooresville, North Carolina, United States
Clean Solutions Group is a provider of environmentally responsible nonwoven filtration media and cleaning products. Clean Solutions Group is based in Mooresville, North Carolina.

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Buyer(S) 2

Buyer

Branford Castle Partners

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1986
PE ASSETS 200M USD
Size Small
Type Sector Agnostic
DESCRIPTION

Branford Castle is a private investment firm that seeks investments in traditional companies with stable cash flows. Branford Castle prefers investing in 'old economy' businesses valued up to $100 million. Brandford will consider public or private companies, but the Firm will not invest in bankrupt, turnaround, or distressed situations. Sectors of interest include manufacturing, commercial distribution, services, consumer products, publishing, restaurants, and infrastructure. Branford Castle was formed in 1986 and is based in New York City.


DEAL STATS #
Overall 16 of 20
Sector (Manufacturing) 5 of 6
Type (Consolidation) 1 of 1
State (North Carolina) 2 of 2
Country (United States) 15 of 19
Year (2022) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-09 Fibrix Filtration

Mooresville, North Carolina, United States

Fibrix Filtration is a manufacturer of air filtration products. Fibrix Filtration products are pivotal in optimizing the performance of commercial and industrial HVAC systems, leading to enhanced system efficiency, lower energy costs, and improved air quality. Fibrix Filtration is based in Mooresville, North Carolina.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-06 Handi Quilter

North Salt Lake, Utah, United States

Handi Quilter develops and manufactures branded and OEM quilting machines, frames, tables, computerized quilting systems, and quilting accessories. The company's products are primarily used in the home by dedicated quilting enthusiasts as well as by quilters with home-based businesses. Handi Quilter was founded in 1998 and is based in North Salt Lake, Utah.

Buy -
Buyer
DESCRIPTION

Brookside Capital Partners is an investment management firm focused on stable lower-middle market companies in the US. The Firm typically commits $5 to $30 million per transaction to support buyouts, leveraged recapitalizations, strategic acquisitions and growth. Potential businesses generally have revenue greater than $15 million, and EBITDA of at least $4 million. Industries of interest include business services, consumer, distribution, healthcare, manufacturing, and transportation and logistics. Brookside Capital Partners was established in 2001 and is based in Stamford, Connecticut.


DEAL STATS #
Overall 53 of 65
Sector (Manufacturing) 4 of 4
Type (Consolidation) 4 of 4
State (North Carolina) 1 of 2
Country (United States) 53 of 65
Year (2022) 2 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-21 Dutchland Plastics

Oostburg, Wisconsin, United States

Dutchland Plastics is a provider of custom rotational molding services and related secondary operations to a wide range of customers across a diverse cross section of markets including, but not limited to, recreational equipment, industrial equipment, and lawn and garden. Dutchland Plastics was founded in 1967 and is based in Oostburg, Wisconsin.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-18 Porch Swing Company

Oldsmar, Florida, United States

Porch Swing Company is an e-commerce retailer of porch swings and outdoor patio furniture in the U.S. The company’s products are superior-quality, easy-to-assemble, Amish-crafted outdoor furniture, including porch swings, swing beds, gliders, rocking chairs, and more. Porch Swing Company is based in Oldsmar, Florida.

Buy -