M&A Deal Summary

Valesco Industries Acquires Earthlite

On July 3, 2024, private equity firm Valesco Industries acquired consumer products company Earthlite from Branford Castle Partners and Siguler Guff & Company

Acquisition Highlights
  • This is Valesco Industries’ 2nd transaction in the Consumer Products sector.
  • This is Valesco Industries’ 15th transaction in the United States.
  • This is Valesco Industries’ 2nd transaction in California.

M&A Deal Summary

Date 2024-07-03
Target Earthlite
Sector Consumer Products
Buyer(s) Valesco Industries
Sellers(s) Branford Castle Partners
Siguler Guff & Company
Deal Type Secondary Buyout

Target

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.

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Buyer(S) 1

DESCRIPTION

Valesco Industries is a private equity firm focused on growth-oriented small and lower middle-market businesses across the US. Valesco seeks profitable companies with EBITDA of at least $4 million and revenue between $15 and $100 million in the manufacturing, distribution, and business services sectors. The Firm considers both minority and majority positions as well as provides subordinated debt to support owner successions, management buyouts, recapitalizations, and growth financings. Valesco does not invest in start-ups, real estate, financial services, and turnarounds. Valesco Industries was established in 1993 and is headquartered in Dallas, Texas.


DEAL STATS #
Overall 15 of 15
Sector (Consumer Products) 2 of 2
Type (Secondary Buyout) 3 of 3
State (California) 2 of 2
Country (United States) 15 of 15
Year (2024) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-04 American Bedding

Athens, Tennessee, United States

American Bedding is a niche manufacturer and distributor of mattresses, bed frames, and case goods to institutional end markets. The company's customers include several niche non-correlated end markets, including government & military, missions & rehab, camps, education, and agriculture. American Bedding was formed in 1997 and is based in Athens, Tennessee.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-04 Principal Sloan

San Angelo, Texas, United States

Principal Sloan is an electronics component provider to the electrical sign industry in North America. The company manufactures and sells UL-recognized LED sign modules and cabinet products for new and retrofit sign applications, as well as neon and LED power supplies and other sign accessories. Principal Sloan was founded in 2010 and is based in San Angelo, Texas.

Sell -

Seller(S) 2

SELLER

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 9 of 9
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 4 of 4
State (California) 2 of 2
Country (United States) 8 of 8
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-30 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.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-23 Hoffman Engineering

Stamford, Connecticut, United States

Hoffman Engineering provides proprietary situational awareness solutions for mission-critical aerospace and defense applications. Hoffman Engineering was founded in 1955 and is based in Stamford, Connecticut.

Buy -
SELLER

Siguler Guff & Company

Investor Investor Investor Investor Investor


Category Asset Manager
Founded 1991
PE ASSETS 16.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Siguler Guff & Company is a multi-strategy investment manager that provides institutional clients with access to a variety of investment programs including distressed, real estate, small business, emerging markets, and other strategies. Siguler's small business group looks to acquire or investment in US-based, lower middle-market companies in a variety of industries with $5 to $25 million of EBITDA. Siguler Guff & Company was established in 1991 as a unit of Pain Webber and became independent in 1995. The Firm is based in New York City.


DEAL STATS #
Overall 1 of 2
Sector (Consumer Products) 1 of 1
Type (Secondary Buyout) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 2
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-17 Precision

Lancaster, Ohio, United States

Precision provides repair, replacement, and maintenance services for utility customers across the gas, electrical, telecommunications, and water end markets. The company offers horizontal directional drilling, excavation, hydrovac operations, utility locating and verification, video camera line inspection, GPS mapping, and other underground solutions. It has a core focus on (i) replacement of leak-prone natural gas distribution pipelines and (ii) installation of telecommunications infrastructure to protect and secure the electrical grid. Precision is based in Lancaster, Ohio.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-01-10 Eastern Dental

Avenel, New Jersey, United States

Eastern Dental is a dental support organization that provides support services to Eastern Dental clinical offices operating across the state of New Jersey. Eastern Dental provides comprehensive general, specialty and cosmetic dental services that meet all dental care needs. Eastern Dental was founded in 1978 and is based in Avenel, New Jersey.

Buy -