Wind Point Partners, the Chicago middle-market private equity firm, said Workrite Ergonomics acquired Toronto-based International Source for Ergonomics. Terms weren’t disclosed. ISE is a division of Wind Point’s Knape & Vogt portfolio company in Grand Rapids, Michigan. ISE provides ergonomic office and workstation products, including adjustable keyboard platforms, computer-monitor supports, education and training stations, and accessories to companies and government agencies across North America. The deal expands Workrite’s distribution channels and gives it access to new markets, Workrite President Charlie Lawrence said in a statement. Workrite is based in Petaluma, California.
Knape & Vogt Acquires ISE
Knape & Vogt expands and diversifies position in growing ergonomic products sector
Chicago, IL, April 18, 2016 – Wind Point Partners (“Wind Point”) is pleased to announce that Workrite Ergonomics, a division of Wind Point portfolio company, Knape & Vogt (“KV”), has acquired Toronto, Canada based ISE (International Source for Ergonomics).
ISE is a market leader in ergonomic office and workstation products providing adjustable keyboard platforms, computer monitor supports, education and training stations, and other accessory products to corporate and government agencies across North America.
“The acquisition of ISE will provide Workrite with an expanded presence in our already well established office dealer distribution channel as well as access to new customers and markets”, commented Charlie Lawrence, President of Workrite. “The combined resources of Workrite and ISE provide an enhanced product portfolio featuring a full array of ergonomic accessory products and exciting new growth opportunities through the addition of the Line of Sight training and education products for corporate and government users. Furthermore, distribution capabilities on both the east and west coasts will enhance our ability to reduce lead times for our products and better serve our customers.”
Workrite will begin integration activities immediately, but anticipates both Workrite and ISE will continue with business-as-usual for the foreseeable future.
This acquisition marks the sixth add-on for KV under Wind Point’s ownership. The business has nearly doubled since Wind Point’s initial platform acquisition and continues to exhibit multiple avenues for continued growth – organically and through additional add-on acquisitions. Kirkland & Ellis LLP served as legal advisor and KPMG LLP acted as transaction advisor to Wind Point and KV / Workrite.