Transom Capital exits Uncle Milton Industries

Transom Capital Group has sold Uncle Milton Industries to KCB Management. No financial terms were disclosed. Intrepid Investment Bankers and Russ August & Kabat advised Transom Capital and Uncle Milton on the transaction. Based in Westlake Village, Calif., Uncle Milton is a maker of science and nature-based toys.

PRESS RELEASE

LOS ANGELES, Feb. 27, 2014 — /PRNewswire/ — Transom Capital Group today announced the sale of Uncle Milton Industries, Inc. to KCB Management. The sale of Uncle Milton represents Transom Capital’s second successful exit within the last twelve months.
Founded in 1946, Uncle Milton creates, develops and markets science and nature-based toys that inspire imagination and learning in children of all ages. Uncle Milton’s flagship Ant Farm® ant habitat, first introduced in 1956, is a toy industry icon that has delighted generations of families. Since then, Uncle Milton has broadened its portfolio of proprietary and licensed product lines including the In My Room™, Star Wars™ Science, and National Geographic™ brands. Uncle Milton distributes its toys through a wide range of retail channels including mass merchant, specialty toy, online, hobby, gift, and department stores nationwide.
“Uncle Milton has been a tremendous success story for Transom Capital and we’re happy to see it in the hands of its new owner, KCB Management, who will shepherd it through its next stage of growth with the current management team,” said Ken Firtel, Managing Director of Transom Capital. “Uncle Milton is special to us; there was plenty of blood, sweat and tears that the Transom Capital team poured into making this investment a success. Above all, we’re excited to see the many successes that the company will achieve in coming years.”
“The strides that Uncle Milton has made under Transom Capital’s ownership cannot be understated,” said Uncle Milton President, Frank Adler. “Without a doubt, Transom Capital has been a key strategic sounding board to Uncle Milton’s management team. The Transom Capital team helped us think through a wide variety of complex issues affecting the business and always maintained confidence in our ability to execute. I’m grateful for Transom Capital’s support during the past couple of years and look forward to working with our new owners.”
“Uncle Milton is a textbook example of Transom Capital’s proprietary ARMORSM value creation process at work,” said Russ Roenick, Managing Director of Transom Capital. “When we acquired the company in 2010, it was facing significant financial and operational headwinds. We took the Transom Capital playbook and, hand-in-hand with Uncle Milton’s senior management, eliminated every roadblock that stood between the company and success. Given where we are today, I could not be happier with the outcome.”
Terms of the transaction were not disclosed. Mike Rosenberg, Adam Abramowitz, Shahriar Attaie, and Ryan Makis from Intrepid Investment Bankers and Andrew Gross from Russ August & Kabat advised Transom Capital and Uncle Milton in the transaction.
About Transom Capital Group Transom Capital Group is a Los Angeles-based private equity firm with an operational focus to private equity investing in the middle-market. The Transom Capital team has a proven track record of investing in, restructuring, and growing businesses for the long-term. Key to its success is its approach of heavy operational involvement via its proprietary ARMORSM value creation process (Acquisition, Restructuring, Monitoring & Operations, and Return) that helps unlock intrinsic value at its companies. Transom Capital’s unique team of professionals brings the experience, energy, and expertise to maximize the value-added to each company. Transom Capital Group is currently in-market raising its second private equity fund. Visit the company at www.transomcapital.com.

 

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