Mesirow Financial, Inc. acted as the exclusive financial advisor to Battenfeld Technologies, Inc. ("Battenfeld" or the "Company") in its sale to Clearview Capital, LLC, an Old Greenwich, Connecticut-based private equity firm.
Based in Columbia, Missouri, Battenfeld is a leading producer of shooting, reloading, gunsmithing and gun cleaning accessories, primarily for shooting sports and hunting applications. The Company offers its products through a number of channels, including big box retailers, distributors, dealers and a company-issued catalog. Battenfeld has developed an excellent reputation within the industry, where it differentiates itself through an aggressive first-to-market product development strategy supported by a robust design process and a highly experienced engineering team.
Russell Potterfield, CEO of Battenfeld, commented, "Mesirow Financial was instrumental in identifying a strong group of prospective strategic and financial buyers and conducting an effective transaction process. Our customers and employees will both benefit as Clearview Capital and Battenfeld join forces and continue to grow the Company’s product offering and geographical reach. Mesirow Financial's advice throughout the process resulted in a successful outcome for all parties involved."
Andrew Carolus, managing director of Mesirow Financial, said, "Mesirow Financial was honored to represent the owners of Battenfeld in this process and we were happy to leverage our relationships within the consumer products and sporting goods industries in order to pair Battenfeld with a knowledgeable financial sponsor that is committed to growing the Company."
About Clearview Capital, LLC
Clearview Capital, founded in 1999, is an Old Greenwich, Connecticut-based private equity firm specializing in the acquisition and recapitalization of North American companies with operating profits of $4 to 20 million. Clearview Capital's long-term investment philosophy is to enhance management's ability to grow companies by providing equity capital in concert with access to strategic human resources. For more information relating to Clearview Capital, visit www.clearviewcap.com.