Here's the Deal
Baird's Investment Banking Group is pleased to announce the following transaction:
Conney Safety Products, LLC, a subsidiary of K+K America
Sale to Caxton-Iseman Capital LLC
Robert W. Baird & Co. served as the exclusive financial advisor to K+K America on this transaction
TAKKT AG, a leading business-to-business direct marketer, has announced that its US division, K+K America, has sold Conney Safety Products, LLC (“Conney” or “the Company”) to Caxton-Iseman Capital LLC for approximately $48 million.
Conney, headquartered in Madison, WI, is a full service national direct marketer of personal protective equipment, safety equipment, first aid supplies, and various other safety products. Over the past 60 years, the Company has built a reputation as a leader in its markets by offering a broad product range, superior customer service, fast and accurate delivery, and a technical sales team. Conney protects the worker and the work they do with a full range of products and services backed by expert and practical advice. The Company serves over 80 diverse industries with a complementary mix of direct marketing and direct selling supported by national catalogs and an internal sales force.
Caxton-Iseman Capital LLC is a private equity investment firm specializing in leveraged buyouts with investment vehicles that have capital in excess of $2 billion. The firm's portfolio companies have combined sales in excess of $6 billion and combined EBITDA of approximately $600 million.
TAKKT AG is the leading business-to-business direct marketer of office, business and warehouse equipment in Europe and North America. TAKKT AG is headquartered in Stuttgart, Germany.