Baird Capital said Monday that its portfolio company Justrite Manufacturing Company has acquired U.S. Chemical Storage. No financial terms were disclosed. U.S. Chemical Storage is a provider of hazardous material storage solutions.
DES PLAINES, Ill., Sept. 16, 2013 – Baird Capital, the direct private investment arm of Robert W. Baird & Co., announced today that its U.S. private equity portfolio company Justrite Manufacturing Company, LLC (Justrite), has acquired U.S. Chemical Storage, LLC (U.S. Chemical Storage), a leader in the customization and manufacture of hazardous material outdoor storage buildings. The financial terms of the deal were not disclosed.
Based in Des Plaines, Ill., Justrite manufactures products specifically designed to help workers store, transfer, use and dispose of hazardous materials in a safe and convenient manner. U.S. Chemical Storage’s products will be combined with Justrite’s current offerings, resulting in an expanded storage solution product line.
“Through the acquisition of U.S. Chemical Storage, we are now able to provide a wider selection of innovative storage products,” said Justrite CEO Mark McElhinny. “We look forward to leveraging these additional capabilities to continue offering high-quality solutions to our customers.”
“The acquisition of U.S. Chemical Storage further solidifies Justrite as a leader in the safety storage sector,” said Andrew Brickman, Partner in Baird Capital’s U.S. Private Equity group. “Given the continued focus on creating safe and efficient workplaces both domestically and abroad, we believe Justrite answers a critical market demand.”
About Baird Capital
Baird Capital makes venture capital, growth equity and private equity investments in strategically targeted sectors around the world. Since 1989, Baird Capital’s U.S. Private Equity group has invested in growing and profitable lower-middle-market companies in the Business Services, Healthcare, and Industrial and Consumer Products sectors. Having invested in more than 270 companies over its history, Baird Capital partners with entrepreneurs and, leveraging its executive networks, strives to build exceptional companies. Baird Capital provides operational support to its portfolio companies through teams on the ground in Asia, a proactive portfolio operations team and a deep network of relationships which together strive to deliver enhanced shareholder value. Baird Capital is the direct private investment arm of Robert W. Baird & Co. For more information, please visit www.BairdCapital.com.