Justrite’s range of products includes safety cabinets, safety cans, spill containment systems, and related accessories, sold to end users globally through a network of more than 1,700 North American and international distributors.
Baird said the financing for the transaction is being provided by US Bank, Madison Capital and Thrivent Financial for Lutherans. BCP is joined in the investment by JZ Capital Partners and management.
BCP Partner Andrew Brickman said that Baird believes 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.
Following this acquisition, Brickman will join Justrite’s board of directors, along with Dave Schroeder, a member of BCP’s operating network in the safety products sector.
