Baird BOS Advises Tedia on Majority Investment by New Hold
Baird’s Business Owner Solutions (“BOS”) team is pleased to announce that it advised Tedia Company, LLC (“Tedia”) on its recent majority investment by NewHold Enterprises, LLC (“NewHold”). Tedia is the largest manufacturer of OEM high-purity solvents in North America, selling its products in more than 30 countries for life science, biotechnology, pharmaceutical, and laboratory applications. NewHold will provide capital, as well as industry expertise, and intends to leverage its platform to strategically enhance Tedia’s capabilities and capacity.
After a longstanding relationship with the ownership group—including the Park family and Tedia’s President, Hoon Choi—Baird BOS recommended and led a targeted process to a select group of credible, motivated financial and strategic buyers. NewHold proved to be the best partner, empowering existing management and employees and providing a pathway to new growth initiatives.
Regarding the transaction, Hoon Choi said, "This partnership is an important milestone for the company and our Tedia family. Several years ago, Tedia owners recognized that targeted growth opportunities, in our key markets and with our existing customers, would require significant investment and a partner with additional resources. We are thrilled to partner with NewHold and Tyler Ellison, who share our vision for growth as well as our values. The Baird BOS team provided invaluable counsel, support, and advice before and during the process."
NewHold commented, "We have been working with Tyler Ellison, the former CEO of Nova Molecular Technologies, since 2020, in an effort to find a great platform in the science-focused, specialty chemicals sector. We couldn’t be happier to be partnering with Tedia to form the core of this platform. The long history of family ownership, deeply experienced employees, and reputation for product quality, position Tedia exceptionally well for future growth."
About Baird Business Owner Solutions
Baird’s Business Owner Solutions team advises lower middle-market and emerging growth companies and their owners on business transition, valuation, and M&A transactions.