Baird Capital's U.S. Private Equity group has agreed to sell its portfolio company Digi-Star, a leading international provider of advanced measuring solutions for optimizing agricultural performance, to Topcon Positioning Group. Topcon is a designer, manufacturer and distributor of precise positioning products and solutions and is traded on the Tokyo Stock Exchange.
"When we initially invested in Digi-Star in 2011, our goal was to take an already strong platform business in the agricultural products and process controls industry and continue to develop its capabilities," said Andrew Brickman, Partner with Baird Capital's Private Equity group. "Over the last few years, we have worked with Digi-Star's leadership to expand the company's global footprint and service offerings through targeted acquisitions and operational improvements."