DES PLAINES, Ill., JULY 1, 2011
Established in Chicago in 1906, Justrite's industry-leading product offering includes items specifically designed to help workers store, transfer, use and dispose of hazardous materials in a safe and convenient manner. These products can be categorized into fire prevention safety products and environmental protection/hazmat products. With the introduction of new brands such as Sure-Grip® EX, LubeRite™, EcoPolyBlend™ and Smokers Cease-Fire®, Justrite has penetrated new markets with vital products that address customer needs.
“We have actively followed a number of safety products companies for the past few years and believe Justrite is well positioned in the sector,” said Andrew Brickman, BCP Partner. “The focus on providing safe work environments domestically and globally is driving an increase in the demand for safety products. We believe Justrite is a strong platform business with a great team and well-known brands that can capitalize on this demand and continue the consolidation in the sector. We are excited to partner with Justrite in driving the Company’s next stage of growth.”
Brickman will join Justrite’s Board of Directors, along with Dave Schroeder, a member of BCP’s operating network in the safety products sector. Schroeder was previously the CEO of Intermatic, Inc. after having held the positions Group Vice President and Chief Financial Officer with Brady Corp., a global manufacturer and marketer of industrial safety and security products.
“This transaction represents an exciting next step for Justrite,” said Justrite CEO Pat Malone. “We look forward to working closely with Baird Capital Partners on expanding our market position while remaining focused on offering innovative solutions to create safer, more efficient workplaces.”
About Baird Capital Partners
Baird Capital Partners, the U.S.-based buyout fund of Baird Private Equity, invests in lower middle-market companies in the business services, manufactured products and healthcare sectors. Established in 1989, Baird Capital Partners leverages its deep sector knowledge, experienced investment team and extensive operating resources to drive value in its portfolio companies. Baird Capital Partners is supported by operating resources in China (Beijing, Hong Kong, and Shanghai) and India (Bangalore) focused on facilitating and executing Asia sourcing, manufacturing and distribution strategies for Baird Capital Partners’ portfolio companies. For more information, please visit bairdcapitalpartners.com.
Baird Private Equity, the global private equity group of Robert W. Baird & Co. (Baird), makes venture capital, growth equity and buyout investments in smaller, high potential companies in the United States through Baird Venture Partners and Baird Capital Partners, in China through Baird Capital Partners Asia, and in Europe through Baird Capital Partners Europe. Baird Private Equity has a global team of investment and operations professionals across the United States, Europe and Asia, including a team of operating professionals in Asia. Baird Private Equity and its affiliates have raised and managed over $2.7 billion in capital and invested in more than 245 companies since the 1980s. For more information, please visit bairdcapital.com.