BSC Industries (Benford Capital) Acquires Gipson Bearing & Supply Co.

BSC Industries (Benford Capital) Acquires Warren Pike (J.G. Industries)

August 12, 2024

Industrial Services

Benford Capital Partners' portfolio company BSC Industries has acquired J.G. Industries, Inc. and its operating subsidiaries — Warren Pike, Cohen Machinery Co., and W.M. Steel Co. The add-on expands BSC's industrial distribution footprint and product offering in New England, with all Warren Pike employees retained and owner Jim Gibney staying on as a Senior Sales Advisor.

Benford Capital Partners Recapitalizes BSC Industries

August 1, 2023

Industrial Services

Benford Capital Partners recapitalized BSC Industries in partnership with brothers Jim and Peter Fitzpatrick; Peter Fitzpatrick will remain CEO while Jim transitions away from day-to-day management. Benford will support organic growth, invest in capabilities and pursue add-on acquisitions to expand BSC's product and service offerings.

Gryphon Investors Acquires Benoist Brothers Supply Co.

February 15, 2022

Building Products

Gryphon Investors has acquired Benoist Brothers Supply Co., a 90-year-old Midwest HVAC/R distributor with 13 branches, and will operate the business as an independent division of its Wittichen Supply Holding Company. Benoist's management and the Benoist family retain a minority stake; the deal creates a multi-region HVAC/R distribution platform to expand geographic coverage and product availability across the Midwest and Southeast.

PennSpring Capital Acquires Burch Materials & Supplies

February 16, 2022

Industrial Services

PennSpring Capital has acquired a majority interest in Malvern, Pennsylvania-based Burch Materials & Supplies (BMS), a distributor and service provider to the aggregate, mining and material processing industries. PennSpring intends to leverage its operational expertise to support BMS's next phase of growth and expand the company's service and product offerings.

Pennsylvania Steel Company Acquires Besco Steel Supply

August 26, 2024

Industrial Services

Pennsylvania Steel Company Inc. has acquired Besco Steel Supply, a steel service center based in Birmingham, Alabama. The acquisition expands Pennsylvania Steel's footprint in the Southeastern United States and broadens its product and service offerings to better serve its customers.

Benford Capital Partners Recapitalizes Gum Products International

August 16, 2022

Food & Beverage

Chicago-based private equity firm Benford Capital Partners recapitalized Gum Products International (GPI), a Newmarket, Ontario-based food ingredients manufacturer, as the first platform investment from its Fund II. BCP will partner with founder and CEO Kenneth Tan to invest in sales, R&D and pursue add-on acquisitions focused on hydrocolloids, antimicrobials and other functional powdered ingredients to drive organic growth.