Mesirow Financial Advises Adams Manufacturing Corp. on its Sale to Keter Group, a Portfolio Company of BC Partners
CHICAGO, September 4, 2018 – Mesirow Financial acted as the exclusive financial advisor to Adams Manufacturing Corp. ("Adams" or the "Company") on its sale to Keter Group ("Keter"), a portfolio company of BC Partners.
Headquartered in Portersville, PA, Adams is a leading manufacturer of innovative, injection molded consumer products. The Company's product portfolio includes high-quality resin garden furniture and accessories, suction cups and Christmas decorating hardware and accessories for residential and commercial markets.
William E. Adams, III, founder of Adams, commented on the transaction, "We are grateful for what our wonderful associates have accomplished at Adams over the last 40 years. Partnering with Keter is a unique opportunity for Adams to accelerate its development. Mesirow Financial advised us for several years leading up to and through the closing of the transaction. The Mesirow team provided exemplary guidance, advice and leadership throughout the entire process."
Tom Lombardo, CEO of Adams, added, "Mesirow Financial was instrumental in conducting an effective and competitive transaction process that ultimately paired Adams with an ideal partner who will help facilitate the Company's continued growth."
Rocky Pontikes, managing director of Mesirow Financial's Investment Banking group, said, "Mesirow Financial was honored to represent Adams in this transaction. We believe this strategic partnership will further expand the Company's product offerings while enhancing Keter's North American presence."
The transaction represents another successful assignment completed by Mesirow Financial's Investment Banking group. With extensive sector-specific expertise and deep long-standing relationships, Mesirow Financial's team has a proven track record of completing successful transactions.
About Adams Manufacturing Corp.
Founded in 1976 by William E. Adams, III, Adams is a leading manufacturer and distributor of consumer resin products in North America. Over the past 40 years, Adams has established itself as a reputable brand recognized for its quality products and trustworthy customer service. The Company has built solid relationships with blue-chip retailers across the United States. The Company employs approximately 250 people and operates from its base in Western Pennsylvania. To learn more, please visit adamsmfg.com.
About Keter Group
Keter is one of the world's leading manufacturers and marketers of resin-based household and garden consumer products, which are sold in 90 countries and found in more than 25,000 retail outlets worldwide. With a focus on innovation driven by consumer insights, Keter provides a wide range of furniture, storage and organization solutions. Keter's ongoing commitment to simplify and enhance the daily lives of consumers has been key to our global success. To learn more, please visit keter.com.
About BC Partners
BC Partners is a leading international investment firm with over €17 billion of assets under management in private equity and private credit. Established in 1986, BC Partners has played an active role in developing the European buy-out market for three decades. Today, BC Partners executives operate across markets as an integrated team through the firm's offices in North America and Europe. Since inception, BC Partners has completed more than 100 private equity investments in companies with a total enterprise value of circa €130 billion and is currently investing its tenth private equity fund. To learn more, please visit bcpartners.com.
About Mesirow Financial
Mesirow Financial is an independent, employee-owned firm founded in 1937. As specialists in investment, risk management and advisory services, we are committed to helping our institutional, corporate and individual clients achieve their objectives. Our professionals are inspired by an entrepreneurial desire to develop tailored solutions designed to deliver measurable results. To learn more, please visit mesirow.com.
Nothing contained herein constitutes an offer to sell or a solicitation of an offer to buy an interest in any Mesirow investment vehicle(s). Mesirow Financial, Inc. is not affiliated with Adams Manufacturing Corp. Keter Group, BC Partners or their affiliates. Past performance is not indicative of future results. Mesirow refers to Mesirow Financial Holdings, Inc. and its divisions, subsidiaries and affiliates. Securities offered through Mesirow Financial, Inc. member FINRA, SIPC.