Goldman Sachs has made an undisclosed investment in Franklin Park, Illinois-based Transcendia Inc, a provider of custom engineered materials for critical product components. The investment was made via Goldman Sachs’ West Street Capital Partners fund. Rothschild & Co advised Transcendia on the transaction.
FRANKLIN PARK, IL – Transcendia, Inc., a leader in custom engineered materials for critical product components in a wide range of markets and applications, today announced West Street Capital Partners VII, an investment fund managed by the Merchant Banking Division of Goldman Sachs, as its new investment partner.
“We are proud of our company’s 86-year history and the transformation we are making,” said Transcendia President & CEO Andy Brewer. “Since 2013 we have made five strategic acquisitions and launched critical new product developments in our targeted growth markets of healthcare, food & beverage, and anti-corrosion. We significantly added to our material science capabilities, broadened our technological platform, and greatly expanded our geographic footprint,” said Brewer.
“Our new partnership will enable Transcendia to build upon and accelerate the company’s strategic growth plans. The Transcendia management team and I are privileged to work with the Merchant Banking Division at Goldman Sachs,” said Brewer. “The firm’s extensive financial experience, strategic focus, and driving principles align well with Transcendia’s, making them the ideal partner.” Rothschild & Co acted as Transcendia’s advisor on the transaction.
“Transcendia is in the early stages of its move into attractive growth markets, enabled by the company’s unique, value-added capabilities,” said Charlie Gailliot, a Managing Director at Goldman Sachs. “We look forward to working with the management team to support the organization’s vision for further investment in customer support technologies, specialty products, and strategic acquisitions.” Goldman Sachs & Co. LLC served as financial advisor to The Merchant Banking Division of Goldman Sachs.
Transcendia is a leader in custom engineered materials for critical product components in a wide range of markets and applications. Founded in 1931, the company provides broad material science expertise, an extensive technology platform, industry leading service, global geographic coverage and trusted reliability for product solutions evident in most everyday lives. Transcendia serves over 5,000 global customers for a variety of applications and markets including healthcare, point of purchase-display, protective & aesthetic, industrial, food & beverage, window, anti-corrosion, and security ID. The company is headquartered in Franklin Park, IL and operates 17 ISO certified manufacturing and 5 company operated distribution centers throughout North America, Europe and Africa. For more information, visit http://www.transcendia.com or email marketing(at)transcendia.com.
About Goldman Sachs Merchant Banking Division
Founded in 1869, the Goldman Sachs Group, Inc., is a leading global investment banking, securities and investment management firm. Goldman Sachs Merchant Banking Division (MBD) is the primary center for the firm’s long-term principal investing activity. With nine offices across seven countries, MBD is one of the leading private capital investors in the world with equity and credit investments across corporate, real estate, and infrastructure strategies. Since 1986, the group has invested approximately $180 billion of levered capital across a number of geographies, industries and transaction types.