Charger Investment Partners announced it has partnered with management to complete the acquisition of SBG Holdings, a leading manufacturer of consumables and highly specialized equipment used in the maintenance, conversion, and placement of polished concrete flooring. The financial terms of the transaction were not disclosed.
Based in Rockford, TN, SBG serves its addressable markets through its industry-leading brands of SASE and Bartell Global. And SASE directly serves surface preparation and concrete polishing contractors with a comprehensive offering of consumables, equipment, and related solutions. Bartell Global serves a wide range of distributors and rental providers with a complete range of solutions for concrete site preparation, surface placement, finishing, and polishing. SBG’s products are used in a diverse range of end markets, including polished concrete flooring solutions within: grocery, warehouse, big box retail, industrial, education, healthcare and datacenters.
Massumi + Consoli LLP acted as legal advisor to Charger and BlackArch Partners served as the investment banking advisor to SBG.
KEY QUOTES:
“We are thrilled to enter into this partnership with Charger. The Charger team has a deep appreciation for SBG’s long history of innovation, quality and customer service in the polished concrete sector. Charger shares our commitment to delivering best-in-class products and new innovations to our market. We look forward to leveraging Charger’s expertise and operational insights to accelerate growth and continue our track-record of success.”
– SBG CEO Karl Moritz
“We are excited to continue SBG’s remarkable heritage in the fast-growing polished concrete sector. SBG’s talented leadership team has built an exceptional platform, and we look forward to providing the resources to capitalize on the numerous growth opportunities ahead.”
– Aaron Perlmutter, co-founder and Partner at Charger
