NEW YORK, Nov. 14, 2017 /PRNewswire/ -- Branford Castle Partners, LP, a New York private equity firm, today said its fund, Branford Castle Partners Fund, LP (Branford) completed a successful first year following its final capital closing, acquiring two platform investments and one bolt-on business.
Branford builds on its 30+ year history as a family office helping to grow businesses. The firm typically makes control investments in companies with less than $15 million of EBITDA that have a leadership position in a niche industry.
Branford's two platform acquisitions were Earthlite Massage Tables (Earthlite), a leading global brand of products for the spa, massage and wellness industries, and Surface Preparation Technologies (SPT), a leading national contractor for shoulder and centerline rumble strips. The bolt-on transaction was Continuum Foot Spas, LLC, a leader in the premium pedicure chair market, which was merged with Earthlite.
Earthlite sells more than 300 active SKUs of massage tables, alternative-beauty and wellness equipment, supplies and accessories, oils and creams, manicure and pedicure equipment and medical-exam equipment. It serves a diverse customer base of more than 3,700 customers in over 120 countries. Continuum's end-customers include many international luxury hotel chains and high-end spas.
SPT has cut more than 175,000 miles of rumble strips in 49 states, combating drift-off and head-on highway crashes. The company estimates that its work has saved thousands of lives. Its proprietary technology is a major competitive advantage, enabling its rumble strip machines to cut highways faster than its competitors.
SOURCE Branford Castle Partners