Press Release

Mesirow Advises Benford Capital on the Sale of its Portfolio Company, ENMET, to Sagepeak Capital

  • ENMET is a leading manufacturer of hazardous gas detection equipment for health, safety and medical applications

  • Sagepeak Capital is an ideal partner for ENMET’s continued growth in the global gas detection market

  • The sale executed by Mesirow highlights the firm’s expertise within the Industrials sector

CHICAGO, December 14, 2020 – Mesirow acted as exclusive financial advisor to Benford Capital Partners, LLC (“Benford Capital”) on the sale of its portfolio company, ENMET, LLC (“ENMET” or the “Company”), to Sagepeak Capital, LLC (“Sagepeak Capital”), a Boston-based private investment firm.

Based in Ann Arbor, MI, ENMET is a leading manufacturer of gas detection and chemical sensing technology designed for use across diverse end markets. Equipped with unique engineering and technical capabilities, the Company’s solutions-oriented approach to providing creative gas detection solutions has garnered a diverse, longstanding customer base.

Benford Capital acquired ENMET in 2014. In partnership with the management team, Benford Capital built the sales team, developed new products and completed the add-on acquisition of Sensora Corporation. With a successful track record of investing with small and mid-size companies, Sagepeak Capital is an ideal partner to support ENMET in the next chapter of growth.

The sale of ENMET to Sagepeak Capital represents another successful assignment completed by Mesirow Investment Banking and highlights the firm’s expertise within the Industrials sector. Committed to leveraging extensive sector-specific expertise across industry groups and nurturing deep long-standing relationships, Mesirow has a proven track record of completing highly tailored and successful transactions on behalf of clients.

About Mesirow
Mesirow is an independent, employee-owned financial services firm founded in 1937. Headquartered in Chicago, with offices around the world, we serve clients through a personal, custom approach to reaching financial goals and acting as a force for social good. With capabilities spanning Global Investment Management, Capital Markets & Investment Banking, and Advisory Services, we invest in what matters: our clients, our communities and our culture. To learn more, visit mesirow.com and follow us on LinkedIn.

Mesirow was also recently named one of the Best Places to Work in Chicago by the Chicago Tribune and one of the Top Places to Work by Crain’s Chicago Business.

About Benford Capital Partners, LLC
Based in Chicago, Benford Capital Partners is an operationally oriented private equity firm focused on buying and building smaller, lower middle market companies in partnership with management. Benford Capital has deep experience helping businesses grow and thrive over the long-term, with a focus on industries where the firm has a successful investment track record and operating experience.  Learn more at benfordcapital.com.

About ENMET, LLC
Founded in 1970, ENMET is a leading manufacturer of hazardous gas detection equipment for health, safety and medical applications. In addition to the wide array of equipment offered, Enmet also provides expert technical assistance ranging from problem assessment and product selection to advice on equipment installation and training. To learn more, visit enmet.com.

Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow Financial investment vehicle(s). Mesirow Financial, Inc. is not affiliated with Benford Capital Partners, LLC, ENMET, LLC, Sagepeak Capital, LLC, or their affiliates. Past performance is not indicative of future results. Mesirow Financial refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. The Mesirow Financial name and logo are registered service marks of Mesirow Financial Holdings, Inc. © 2020. All rights reserved. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.

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