Svoboda Capital Partners Announces Investment in Grabber Construction Products
Chicago, IL – October 8, 2015 – Svoboda Capital Partners LLC (“SC”) is pleased to announce that it has partnered with Dot Family Holdings, LLC (“Dot”) to acquire Grabber Construction Products, Inc. (“Grabber” or the “Company”). The investment was led by Dot with SC holding a minority interest.
Founded in 1967 and headquartered in Highland, Utah, Grabber is one of the largest, value-added distributors of fastener products in North America. Grabber is the premier brand for fasteners and related accessories used by contractors specializing in deck solutions, walls, and ceilings for residential and commercial buildings. The Company operates out of 26 locations in the United States and has another two locations in British Columbia and Ontario to distribute products in the Canadian market.
"Grabber represents an excellent investment opportunity for Dot Family Holdings and Svoboda Capital Partners,” said Peter Gotsch, Managing Director at SC. “Grabber is an industry leader with a premier brand and a strong track record of profitable growth. We look forward to working with Dot and the entire Grabber team to build upon the Company’s successes.”
Joe Thomas, Principal at Svoboda Capital Partners, added, “It was a pleasure working with both Dot Family Holdings and Grabber’s management team in consummating a transaction that allows Grabber to preserve its culture centered around quality products and excellent customer service”.
For more information, please visit www.grabberman.com.
About Svoboda Capital Partners LLC
Svoboda Capital Partners LLC is a Chicago-based private equity firm with over $300 million of capital under management. Founded in 1998, SC invests in growth oriented companies in the value-added distribution and business services sectors typically valued between $20-$100 million.