Stout Advises on Sale of Sani-Matic, Inc. to Hamilton Robinson Capital Partners
Stout has advised Wing Capital Group (“Wing”) on its sale of Sani-Matic, Inc. (“Sani-Matic” or the “Company”), a designer and manufacturer of automated hygienic cleaning solutions, to Hamilton Robinson Capital Partners LLC (“HRCP”), a private equity firm based out of Stamford, Connecticut. Stout served as exclusive sell-side financial advisor to Wing and Sani-Matic in connection with the transaction.
Headquartered in Sun Prairie, Wisconsin, Sani-Matic designs, engineers, manufactures, and services automated hygienic cleaning solutions serving some of the world’s leading customers within the attractive and resilient food, beverage, bio-pharm, nutraceutical, and personal care end markets. Since the Company’s inception in 1943, Sani-Matic has offered the broadest range of systems, components, and services in the industry and has been focused on providing solutions to make its customers’ lives easier through automation.
Hamilton Robinson is a private equity firm based in Stamford, Connecticut, that invests in entrepreneur and family-owned companies or corporate divestitures with a dominant position in their niche subsectors of B2B services and highly engineered manufacturing with revenues of $15 to $200 million and earnings of $3 to $15 million.
Wing Capital Group is an industrial and B2B-service-focused private equity firm located in Milwaukee, Wisconsin. Wing invests in companies with $10 to $100 million in annual revenue located in the Midwest and takes a long-term investment approach, helping organizations realize their full potential by investing in people, systems, and equipment necessary for growth.
“Sani-Matic is a tremendous company led by one of the industry’s best management teams,” said Jeff Beischel, Founding Partner and Managing Director of Wing Capital Group. “During our ownership of the Company over the past 10 years, the Company served as a leader through sales channel expansion, product innovation, and operational excellence.”
Beischel further commented, “Stout was an invaluable advisor to Wing and Sani-Matic as we sorted out our strategic alternatives. The depth and talent of the Stout team made our jobs easier in matching us up with the well-respected buyer, Hamilton Robinson.”
“We are excited to join forces with our new capital partner, Hamilton Robinson, as we look to scale our platform,” said Aaron Zell, CEO of Sani-Matic. “I could not be prouder of our employees, the culture, and the bring-your-best attitude seen every day. Wing Capital’s support drove a multi-year business transformation, turning Sani-Matic into the platform it is today. I am pleased to see Hamilton Robinson’s genuine interest in this market space and know their ownership support will be right for the next phase of our growth journey.”
“Sani-Matic’s reputation as an industry leader and innovator positions us well for continued growth. I look forward to the resources Hamilton Robinson will provide in helping us continue to support our customers, innovate new ways to make our customers’ lives easier, and expand our reach to new markets,” added Bryan Downer, VP of Sales and Marketing at Sani-Matic.
“Sani-Matic is one of the most recognized names when it comes to combining automation, engineering, and hygienic cleaning expertise across food, beverage, bio-pharm, and personal care end markets. A steadfast commitment to making customers’ lives easier by deploying and advancing automated processes is truly embedded in the Company’s DNA. Sani-Matic’s track record in the industry, combined with the accomplishments under Wing Capital’s ownership, create a unique platform for future growth and value creation. We are excited to see the future partnership between HRCP and the Sani-Matic management team, led by Aaron Zell,” said Stout Director Elliot Grove.
Stout’s Mike Benson, Zach Pifher, Irune Andres, and Evan Theros also led the execution of the transaction.
Godfrey & Kahn, S.C. served as legal counsel to Wing and Sani-Matic. Finn Dixon & Herling LLP served as legal counsel to HRCP.
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