M&A Deal Summary

Branford Castle Partners and Capital Southwest Acquire GPT

On January 30, 2023, private equity firm Branford Castle Partners and business development company Capital Southwest acquired manufacturer GPT from EnPro

Acquisition Highlights
  • This is Branford Castle Partners’ 6th and Capital Southwest’s 1st transaction in the Manufacturing sector.
  • This is Branford Castle Partners’ 17th and Capital Southwest’s 47th transaction in the United States.
  • This is Branford Castle Partners’ 1st and Capital Southwest’s 1st transaction in Colorado.

M&A Deal Summary
Date 2023-01-30
Target GPT
Sector Manufacturing
Buyer(s) Branford Castle Partners
Capital Southwest
Sellers(s) EnPro
Deal Type Divestiture

Target

GPT

Wheat Ridge, Colorado, United States
GPT produces critical-service flange isolation kits (FIKs) and monolithic isolation joints (MIJs) for oil, natural gas, and water pipeline applications globally. The company's patented, highly engineered products help prevent the causes of pipeline failures and protect against potential explosions, fires, and pollution. Its "Pikotek" brand is known as the pioneer of the flange isolation gasket industry and is recognized as the original brand to have introduced FIKs to the broader market in the 1980s. GPT is based in Wheat Ridge, Colorado.

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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 18 of 20
Sector (Manufacturing) 6 of 6
Type (Divestiture) 4 of 5
State (Colorado) 1 of 1
Country (United States) 17 of 19
Year (2023) 1 of 1
PREVIOUS 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 -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-07-03 Earthlite

Vista, California, United States

Earthlite manufactures massage equipment including, stationary and electric lift massage tables, massage chairs, massage accessories, and massage therapy supplies. It has a wide selection of products for various massage therapy needs. Earthlite was founded in 1987 and is based in Vista, California.

Sell -
Buyer

Capital Southwest

Investor Investor Investor Investor Investor

Category Business Development Company
Founded 1961
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Capital Southwest Corp. is a credit focused business development company focused on providing financing to profitable, mid-sized companies throughout the US. The Firm doesn't have any sector preferences and will consider a variety of investment structures. Capital Southwest Corp. was originally established in 1961 and is headquartered in Dallas, Texas.

DEAL STATS #
Overall 48 of 50
Sector (Manufacturing) 1 of 1
Type (Divestiture) 2 of 2
State (Colorado) 1 of 1
Country (United States) 47 of 49
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-29 Gexpro

Coppell, Texas, United States

Gexpro is a distributor of electrical parts and components for construction, industrial, and energy solutions markets. Gexpro Services supply a wide range of electrical supplies and productivity solutions for electricians, contractors, and industrial plants. Gexpro carries everything from lighting components, motors, circuit breakers, and tools to electrical wiring, conduit, automation solutions, and solar panels. Gexpro is based in Coppell, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-01 Amware Logistics

Lawrenceville, Georgia, United States

Amware Logistics is a provider of B2B and B2C third-party logistics and order fulfillment services for a wide variety of industries throughout North America. Amware operates over 2 million square feet of warehouse space through nine facilities located across the United States. Amware Logistics was founded in 1989 and is based in Lawrenceville, Georgia.

Sell -

Seller(S) 1

SELLER

EnPro

Charlotte, North Carolina, United States
Category Company
Founded 2002
Sector Machinery
Employees3,500
Revenue 1.1B USD (2023)
DESCRIPTION

EnPro is a provider of sealing products, metal polymer and filament wound bearings, components and service for reciprocating compressors, diesel and dual-fuel engines and other engineered products. EnPro was founded in 2002 and is based in Charlotte, North Carolina.

DEAL STATS #
Overall 9 of 9
Sector (Manufacturing) 4 of 4
Type (Divestiture) 9 of 9
State (Colorado) 1 of 1
Country (United States) 8 of 8
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-09-06 GGB

Suzhou, China

GGB is a technology and market provider of premium engineered metal-polymer plain bearings with expertise in material science, surface engineering, and tribology. With manufacturing facilities across the United States, Europe, and China. GGB was founded in 1899 and is based in Suzhou, China.

Sell $305M
Mergr

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