Secondary Buyout • Manufacturing

Fortifi Acquires Bettcher Industries

On November 3, 2021, Fortifi acquired manufacturer Bettcher Industries from MPE Partners

Acquisition Context
  • This is Fortifi’s 1st transaction in the Manufacturing sector.
  • This is Fortifi’s 1st transaction in the United States.
  • This is Fortifi’s 1st transaction in Ohio.

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M&A Deal Summary

Date November 3, 2021
Target Bettcher Industries
Sector Manufacturing
Buyer(s) Fortifi
Sellers(s) MPE Partners
Deal Type Secondary Buyout

Target Company

Bettcher Industries

Birmingham, Ohio, United States
Bettcher Industries is a developer and manufacturer of innovative equipment in the food processing and medical device industries. The Bettcher portfolio includes the following: Bettcher, a designer, and manufacturer of handheld trimmers, tools, and cutting consumables for all protein applications; Cantrell-Gainco, a manufacturer of processing equipment and yield enhancement and yield tracking systems for various protein operations; ICB Greenline, an aftermarket replacement parts and services company focused on poultry processing; and, Exsurco Medical, a leading-edge medical device company that provides innovative products and services to transform surgical grafting, debridement, and recovery outcomes for patients with burn and trauma wounds. Bettcher Industries was founded in 1944 and is based in Birmingham, Ohio.
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Buyer Overview 1

Buyer

Fortifi

The Woodlands, Texas, United States

Category Company
Sector Machinery
DESCRIPTION

Fortifi is a manufacturer of handheld automated tools and systems and associated aftermarket parts for the protein and other food processing markets. Fortifi is based in The Woodlands, Texas.


Deal Context for Buyer #
Overall 1 of 1
Sector: Manufacturing 1 of 1
Type: Secondary Buyout 1 of 1
State: Ohio 1 of 1
Country: United States 1 of 1
Year: 2021 1 of 1

Seller Profile 1

SELLER

MPE Partners

Cleveland, Ohio, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 3.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

MPE Partners is a Midwest based investment firm principally focused private equity investments throughout North America. MPE has a preference for buyouts and recapitalizations of lower middle-market, family and entrepreneur owned businesses. The Firm looks for stand-alone companies operating in the 'high-value' manufacturing or business services sectors. MPE seeks businesses with at least $5 million of EBITDA and valued up to $250 million. MPE Partners is headquartered in Cleveland, Ohio.


Deal Context for Seller #
Overall 56 of 59
Sector: Manufacturing 3 of 3
Type: Secondary Buyout 12 of 12
State: Ohio 7 of 9
Country: United States 54 of 57
Year: 2021 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-15 DecoArt

Stanford, Kentucky, United States

DecoArt is a manufacturer of paints and finishes for arts, crafts, and home decorating applications. DecoArt was founded in 1985 and is based in Stanford, Kentucky.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-01-01 BonaDent

Seneca Falls, New York, United States

BonaDent designs and manufactures a comprehensive line of high-quality dental restorations including crowns, bridges, dentures, and implants. BonaDent was founded in 1950 and is based in Seneca Falls, New York.

Buy -