M&A Deal Summary

Wind Point Partners Acquires Clean Solutions Group

On September 9, 2024, private equity firm Wind Point Partners acquired manufacturer Clean Solutions Group from Branford Castle Partners and Brookside Capital Partners

Acquisition Highlights
  • This is Wind Point Partners’ 8th transaction in the Manufacturing sector.
  • This is Wind Point Partners’ 76th transaction in the United States.
  • This is Wind Point Partners’ 2nd transaction in North Carolina.

M&A Deal Summary

Date 2024-09-09
Target Clean Solutions Group
Sector Manufacturing
Buyer(s) Wind Point Partners
Sellers(s) Branford Castle Partners
Brookside Capital Partners
Deal Type Secondary Buyout
Advisor(s) Piper Sandler & Co. (Financial)

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) 1

Buyer

Wind Point Partners

Chicago, Illinois, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Wind Point Partners is a private equity firm focused on acquisitions of mid-sized companies operating in the business services, consumer products, healthcare services, and industrial products sectors. Wind Point looks to invest $60 to $130 million in companies valued up to $500 million. Prospective transaction types include leveraged buyouts, recapitalizations, industry consolidations, and growth capital financings. Wind Point Partners began investing in 1984 and is based in Chicago.


DEAL STATS #
Overall 83 of 86
Sector: Manufacturing M&A 8 of 8
Type: Secondary Buyout M&A Deals 28 of 30
State: North Carolina M&A 2 of 2
Country: United States M&A 76 of 79
Year: 2024 M&A 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-16 Handgards

El Paso, Texas, United States

Handgards manufactures and supplies high-quality food service disposable products, including gloves, bags, protective apparel, and flexible packaging. Handgards’ products are sold throughout North America to an extensive base of broad-line distributors, group purchasing organizations (“GPOs”), and national foodservice accounts. Handgards was founded in 1959 and is based in El Paso, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-19 FoodScience

Williston, Vermont, United States

FoodScience is a formulator, manufacturer, and marketer of high-quality nutritional supplements for humans and pets. FoodScience was founded in 1973 and is based in Williston, Vermont.

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, New York.


DEAL STATS #
Overall 10 of 10
Sector: Manufacturing M&A 2 of 2
Type: Secondary Buyout M&A Deals 5 of 5
State: North Carolina M&A 2 of 2
Country: United States M&A 9 of 9
Year: 2024 M&A 2 of 2
PREVIOUS 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 -
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

Brookside Capital Partners

Investor Investor Investor Investor Investor


Category Mezzanine Finance Firm
Founded 2001
PE ASSETS 1.2B USD
Size Large
Type Sector Agnostic
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 23 of 26
Sector: Manufacturing M&A 1 of 1
Type: Secondary Buyout M&A Deals 12 of 14
State: North Carolina M&A 1 of 1
Country: United States M&A 23 of 26
Year: 2024 M&A 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-08-13 NewBold

Greenville, South Carolina, United States

NewBold is an international provider of products and services enabling the implementation of identification and infrastructure technology solutions. NewBold Plastics is the largest manufacturer of blank plastic cards in North America. NewBold Technologies is a Managed Services Provider (MSP) specializing in POS systems and other retail, dining, supply chain and healthcare infrastructure technologies. NewBold is based in Greenville, South Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-11 Military Fasteners

Melbourne, Florida, United States

Military Fasteners is a B2B eCommerce distributor of mil-spec fasteners primarily to customers in the aerospace and defense industry, with a focus on maintenance, repair, and overhaul, among other sectors. Military Fasteners is based in Melbourne, Florida.

Buy -