In Memory of Michael S. Bruno Jr. Stonebridge Partners is deeply saddened by the sudden passing of its Managing Partner, Michael S. Bruno Jr., on August 13, 2019. Mike was our partner and mentor, but foremost he was a friend. His indomitable spirit and passion were inspirations to all who knew him. After graduating from Allegheny College and…
Stonebridge Partners is pleased to announce the successful acquisition of the former operations of Bake One, Inc., (“Bake One”) by Specialty Bakers, LLC (“Specialty Bakers”), a Stonebridge portfolio company since September 2010. Specialty Bakers and Stonebridge identified key equipment and related assets of Bake One as an attractive platform to expand Specialty Bakers’ product lines after a fire destroyed…
Stonebridge Partners is pleased to announce the successful acquisition of Microwave Components, Inc. (“Microwave”) through American Distributors Inc., LLC (“ADI”), a portfolio company since April 2016. The acquisition of Microwave fits well with Stonebridge’s growth strategy for ADI as ADI seeks to become a diversified, broad line supply chain solutions provider of high reliability electronic components, 3PL services, and…
Stonebridge Partners is pleased to announce it has completed the refinance of BrandFX Body Company (“BrandFX”), a portfolio company since August 2013. The refinance extended the maturity date of the senior debt and provided additional capital for the Company’s growth initiatives. Debt financing was provided by Ironwood Capital and closed June 1, 2018. BrandFX is based in Fort Worth,…
On May 1, 2017, Stonebridge Partners completed the acquisition of Gemini Electric Components through ADI American Distributors (“ADI”), a portfolio company since April 2016. The acquisition of Gemini fits well with Stonebridge’s growth strategy for ADI, adding complimentary product lines and opening access to key suppliers in the Aerospace and Defense Industry (AD&D). Gemini is a longstanding value-added supply-chain…
Stonebridge Partners is pleased to announce the successful growth equity recapitalization of Safety Infrastructure Solutions (“SIS” or the “Company”) in partnership with its founders, management team and other equity investors. Earnings have nearly tripled since Stonebridge’s initial investment, resulting in over a 3.6x gross cash-on-cash return. Importantly, the transaction not only provided liquidity to Stonebridge’s investors, it also provided…
Stonebridge Partners is pleased to announce the successful acquisition of Cast-Crete USA, LLC (“Cast-Crete” or the “Company”) in partnership with Cast-Crete’s primary shareholder, Shea Hughes. Shea, whose father Ralph Hughes founded the Company in 1955, will remain on the Board of Directors and will retain his position as the largest individual shareholder. In addition, as part of the transaction,…
Stonebridge Partners is pleased to announce the successful recapitalization of ADI American Distributors, LLC (“ADI” or the “Company”) in partnership with ADI’s founder, David Beck. David, who founded ADI in 1983, will remain President and CEO and has retained a significant ownership position. The transaction closed on April 29, 2016. Based in Randolph, NJ, ADI (www.americandistr.com) is a leading,…
FALL RIVER, Massachusetts – May 18, 2015. American Dryer Corporation (“ADC”) announced that it has entered into an agreement to be acquired by Whirlpool Corporation. The planned acquisition gives Whirlpool Corporation’s commercial laundry business a platform to reach new markets and channels, while building on a strong foundation of industry-leading innovation, quality and service. “The acquisition of ADC by Whirlpool…
