Battenfeld Technologies Acquires GoldenRod Dehumidifiers Acquisition Augments Company's Rapid Organic Growth |
May 9, 2013 - Clearview Capital Fund II, LP today announced that its portfolio company, Battenfeld Technologies, Inc. ("Battenfeld" or the "Company"), has acquired GoldenRod Dehumidifiers ("GoldenRod") from Buenger Enterprises, Inc.
Headquartered in Oxnard, CA, GoldenRod has been a leading manufacturer of dehumidifier rods for gun vault and marine applications since 1974. Jim Gianladis, Battenfeld's VP of Products and Marketing, commented, "We are extremely excited about the addition of the GoldenRod brand to Battenfeld's existing portfolio. We are committed to bringing high quality, innovative products to the market and look forward to extending our Lockdown line of gun vault accessories with GoldenRod's dehumidifier rods."
The closing of the GoldenRod transaction represents Battenfeld's first add-on acquisition under Clearview's ownership. "We think this is an ideal tuck-in for Battenfeld," stated Calvin Neider, Managing Partner of Clearview. "GoldenRod is very well-known within the shooting and hunting accessories category, and we firmly believe that Battenfeld will be able to leverage its more robust distribution channels and relentless focus on product innovation to further enhance the GoldenRod brand."
"We will continue to aggressively seek out additional acquisition opportunities for Battenfeld," said Neider. "The Company's management team has done an exceptional job managing tremendous growth over the last several years, and we remain very excited about the Company's future. We believe that GoldenRod will ultimately serve as the first of many Battenfeld acquisitions."
Based in Columbia, MO, Battenfeld is a leading manufacturer of shooting, reloading, gunsmithing and gun cleaning supplies. The Company manufactures accessories under several popular brands, including: Caldwell Shooting Supplies, Wheeler Engineering, Tipton Gun Cleaning Supplies, Lockdown Vault Accessories, Frankford Arsenal and Non-Typical Wildlife Solutions.
In addition to Battenfeld, attractive add-on acquisition opportunities are currently being pursued by several of Clearview's other portfolio companies, including: GCR, QualSpec, Pediatric Health Choice, Pyramid Healthcare and Senior Care Centers of America.
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Clearview's other holdings include GCR, Inc., a professional services firm delivering consulting services and technology solutions to governmental and commercial clients; Child Health Holdings, Inc. d.b.a. Pediatric Health Choice, the country's largest provider of prescribed pediatric extended care ("PPEC") centers for medically complex children; Pyramid Healthcare, Inc., a provider of substance abuse and mental health treatment programs for adults and adolescents; The Results Companies, LLC, a provider of customized inbound and outbound customer support services and management solutions; QualSpec Group (f.k.a. All Tech IESCO), a provider of mechanical integrity inspection and non-destructive testing services for industrial facilities including refineries, petrochemical and other industrial facilities; Rowmark, LLC, a manufacturer and marketer of specialty plastic sheet and related products for the awards/recognition, engraving and signage markets; Senior Care Centers of America, Inc., the country's largest operator of adult day care centers; and a minority interest in CPG International Holdings, the leading extruder of thick gauge polyolefin and PVC sheet, including AZEK� brand trim boards. |
 Clearview Capital, LLC is a private investment firm specializing in the acquisition and recapitalization of North American companies with operating profits of up to $20 million. The firm's principals have a long track record of completing transactions and of working collaboratively with management to create and realize value. Clearview is currently making investments through a $250 million committed fund, Clearview Capital Fund II, LP. |
To discuss investment proposals, please contact:
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Larry Simon
Principal
(310) 806-9555
lsimon@clearviewcap.com |
Tony Veith
Principal
(203) 698-2777 x 18
aveith@clearviewcap.com |
Jim Tucker
Principal
(312) 288-0123
jtucker@clearviewcap.com |
Clearview Capital, LLC
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