Arbor Investments Sells Bradshaw International to ONCAP

Chicago-based Arbor Investments has exited its investment in Bradshaw International, a provider of kitchen tools and gadgets. The buyer was ONCAP, the Toronto, Ontario-based mid-market private equity platform of Onex.  The financial terms were not released.  Torys LLP represented ONCAP in this transaction.

Arbor Investments, based in Chicago, Illinois, announced today that it has completed the sale of its Fund II portfolio company Bradshaw International, Inc. to ONCAP, the mid-market private equity platform of Onex. Bradshaw, headquartered in Rancho Cucamonga, California, is the cornerstone provider of high-quality kitchen tools and gadgets, bakeware, cookware and home cleaning products sold to retailers across North America. The Company sells products under nationally recognized brands, including Good CookTM, Oneida, Bialetti, Mr. Clean Cleaning Tools, Bonny, Butler Home Products and Dawn, and also offers robust private label programs. Terms of the sale were withheld.

Established by the Bradshaw family in 1969 and acquired by Arbor in 2008, Bradshaw has experienced tremendous growth over the past four years, benefitting from its value orientation, product innovations and strong customer relationships. Bradshaw’s strategic focus on the custom supply of both branded and private label products and its unrivaled category management expertise has enabled the Company to achieve record sales on a perennial basis throughout its history. Bradshaw has leveraged its strong relationships with blue chip retailers across North America to establish leading market shares in its core categories. In addition to Bradshaw’s Rancho Cucamonga headquarters, the Company maintains headquarters for Butler Home Products in Marlborough, MA and operates a number of strategically located showrooms throughout the U.S. Bradshaw is led by Doug Bradshaw, Chairman, Mike Rodrigue, CEO and a deep and highly experienced management team.

“The Bradshaw team is enthusiastic about the next chapter of our stellar growth story,” said Mike Rodrigue, CEO, Bradshaw International, Inc. “We have greatly enjoyed partnering with Arbor over the last four years and look forward to continuing that success with ONCAP.”

“Arbor’s investment in Bradshaw has represented a unique opportunity to partner with the market leader in its industry,” said Richard Boos, Partner, Arbor Investments. “The Bradshaw investment has been one of the best investments in our 14 year history.”

Moelis & Company LLC acted as exclusive financial advisor to Bradshaw in connection with the transaction. DLA Piper LLP (US) served as Arbor’s legal counsel and Torys LLP served as counsel to ONCAP.

About Arbor InvestmentsFounded in 1999 and headquartered in Chicago, Illinois, Arbor Investments is a specialized private equity firm that focuses exclusively on acquiring premier companies in the food and beverage industry. The firm has acquired or invested in over 32 food and beverage companies in North America and currently has $700 million of assets under management across three funds.

About ONCAPONCAP, in partnership with operating company management teams, invests in and builds shareholder value in North American small and mid-size companies that are leaders in their defined market niche and possess meaningful growth potential. ONCAP is currently investing from its third fund and is the mid-market private equity platform of Onex, one of North America’s oldest and most successful investment firms committed to acquiring and building high-quality businesses in partnership with talented management teams. In total, Onex has approximately $14 billion of assets under management, including $4.8 billion of proprietary capital, in private equity, credit securities and real estate.

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