Private equity firm Gemspring Capital Management has acquired Bradford Soap, a developer, formulator, and manufacturer of beauty and personal care products.
WHO: Founded in 1876 and Based in West Warwick, RI, Bradford is a leading manufacturer and developer of solid beauty and personal care products. With a rich history of sustainable manufacturing and innovative R&D, they offer a range of turnkey solutions from formulation to manufacturing to labeling and packaging. Bradford has additional facilities in Columbus, IN; and Calexico, CA.
Gemspring Capital, a Westport, CT-based private equity firm with $3.4 billion of capital under management, provides flexible capital solutions to middle-market companies. Gemspring partners with talented management teams and takes a partnership approach to helping drive revenue growth, value creation, and sustainable competitive advantages. Target companies have up to $500 million in revenue.
IN THEIR OWN WORDS: "We are extremely proud of the legacy we have built as a quality and trusted partner to our customers," said Stuart R. Benton, President and CEO of Bradford. "We're pleased to have found an engaged and knowledgeable partner like Gemspring who shares our vision and has a proven track record of partnering with entrepreneurial teams to build high-growth companies. In this next phase of growth, we look forward to broadening both our capabilities and product portfolio while further establishing our position as the manufacturing and development partner of choice to leading beauty and personal care brands."
"The market-leading and differentiated capabilities Bradford has built over its long, successful history are impressive," said Kristin Steen, Managing Director at Gemspring. "We're excited to partner with Stu and the entire management team to build on Bradford's unparalleled product quality to accelerate the Company's growth. In addition to a number of compelling organic growth initiatives, we intend to expand the platform through strategic opportunities to extend the capabilities and product offerings Bradford can provide its brand partners."
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