Bertram Capital Invests in STARC Systems to Propel Growth in Containment Solutions
In a significant move within the construction and containment industry, Bertram Capital has announced its latest investment in STARC Systems, Inc., a pioneer in reusable temporary containment wall systems. This investment marks Bertram’s sixth platform commitment from its Fund V, further solidifying the firm’s position in the lower middle-market investment landscape.
Founded in Brunswick, Maine, STARC Systems has distinguished itself as North America’s largest manufacturer of temporary wall systems, catering to various sectors that require adaptable and robust solutions during renovations of occupied spaces. The company’s products are uniquely engineered to meet stringent acoustic, dust, and pathogen containment standards, as well as compliance with fire and life safety regulations. Moreover, their manufacturing capability has been recently boosted with the opening of a new 107,000 square foot facility, enhancing both production and logistics.
Chris Brown, a Partner at Bertram Capital, expressed optimism about this partnership, stating, "STARC has established itself as a leader in reusable temporary containment for occupied construction environments. The Company’s success reflects a differentiated product portfolio, deep technical expertise, and long-standing relationships with leading contractors and healthcare operators." This partnership aims to support CEO Chris Vickers and his team in transitioning to the brand's next operational phase, leveraging Bertram’s extensive capabilities including their specialized Bertram Labs technology resource.
The decision for Bertram to invest was strengthened by STARC’s evident understanding of its business model and product offerings. Chris Vickers highlighted that the collaboration promises significant value, stating, "The Bertram team differentiated itself in the sale process through their clear understanding of our business model and products, shared vision in the value creation strategy, and their Bertram Labs technology enablement resource."
Continuing the trend of strategic investments, Bertram Capital focuses its approach on operationally driven value-creation strategies. Their distinctive Bertram High-5℠ initiative encompasses management augmentation, operational improvements, and technological integration, aiming to empower companies like STARC to realize their full potential. This methodology is particularly relevant for investments targeting businesses within consumer and industrial sectors that generate at least $7.5 million in EBITDA, which is the case with STARC.
Additionally, the investment process would not have been possible without the concerted efforts of the investment banking team at Stout, led by Matt Schloop and Mark Abbott, who played a crucial role in successfully closing the transaction. Bertram Capital also acknowledges the advisory support it received from Raymond James throughout the process and the legal assistance provided by Hirschler, led by Lisa Hedrick and Andrew Lohmann.
Looking towards the future, STARC Systems is well-positioned to capitalize on emerging opportunities in its market. As the demand for resilient construction solutions continues to grow, this collaboration holds promise for both innovation in product development and expansion into new market segments.
In summary, this investment by Bertram Capital into STARC Systems not only enhances the operational capabilities within the temporary containment industry but also sets the stage for future growth leveraging shared expertise and strategic direction in a rapidly evolving market. For more insights into STARC’s comprehensive product offerings, visit their official website at www.starcsystems.com.
Founded in Brunswick, Maine, STARC Systems has distinguished itself as North America’s largest manufacturer of temporary wall systems, catering to various sectors that require adaptable and robust solutions during renovations of occupied spaces. The company’s products are uniquely engineered to meet stringent acoustic, dust, and pathogen containment standards, as well as compliance with fire and life safety regulations. Moreover, their manufacturing capability has been recently boosted with the opening of a new 107,000 square foot facility, enhancing both production and logistics.
Chris Brown, a Partner at Bertram Capital, expressed optimism about this partnership, stating, "STARC has established itself as a leader in reusable temporary containment for occupied construction environments. The Company’s success reflects a differentiated product portfolio, deep technical expertise, and long-standing relationships with leading contractors and healthcare operators." This partnership aims to support CEO Chris Vickers and his team in transitioning to the brand's next operational phase, leveraging Bertram’s extensive capabilities including their specialized Bertram Labs technology resource.
The decision for Bertram to invest was strengthened by STARC’s evident understanding of its business model and product offerings. Chris Vickers highlighted that the collaboration promises significant value, stating, "The Bertram team differentiated itself in the sale process through their clear understanding of our business model and products, shared vision in the value creation strategy, and their Bertram Labs technology enablement resource."
Continuing the trend of strategic investments, Bertram Capital focuses its approach on operationally driven value-creation strategies. Their distinctive Bertram High-5℠ initiative encompasses management augmentation, operational improvements, and technological integration, aiming to empower companies like STARC to realize their full potential. This methodology is particularly relevant for investments targeting businesses within consumer and industrial sectors that generate at least $7.5 million in EBITDA, which is the case with STARC.
Additionally, the investment process would not have been possible without the concerted efforts of the investment banking team at Stout, led by Matt Schloop and Mark Abbott, who played a crucial role in successfully closing the transaction. Bertram Capital also acknowledges the advisory support it received from Raymond James throughout the process and the legal assistance provided by Hirschler, led by Lisa Hedrick and Andrew Lohmann.
Looking towards the future, STARC Systems is well-positioned to capitalize on emerging opportunities in its market. As the demand for resilient construction solutions continues to grow, this collaboration holds promise for both innovation in product development and expansion into new market segments.
In summary, this investment by Bertram Capital into STARC Systems not only enhances the operational capabilities within the temporary containment industry but also sets the stage for future growth leveraging shared expertise and strategic direction in a rapidly evolving market. For more insights into STARC’s comprehensive product offerings, visit their official website at www.starcsystems.com.
Topics Business Technology）
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