2024 was a milestone year for Benford Capital Partners (“Benford Capital” or “BCP”) as we celebrated our 20th anniversary. Over the course of the year, we completed six acquisitions (two platforms and four add-ons) and successfully exited four portfolio companies.

We continued to grow and invest in our team, with six new hires and two well-deserved promotions.

We proudly supported World Bicycle Relief for the fourth consecutive year and expanded our undergraduate and MBA internship programs, with a total of six interns.

For over 20 years, we have remained focused on majority recapitalizations and succession buyouts of lower middle market founder and family-owned companies in the following industries: Industrial Technology, Food & Consumer, Agriculture Products & Services, and B2B E-commerce

We deeply value the partnerships with all of our investors, management teams and service providers and look forward to building on the momentum of 2024 as we embark on an exciting year ahead.

Two New Platform Companies

R.M. Young (Fund II):  Traverse City, MI-based manufacturer of precision meteorological instruments measuring wind speed and direction, temperature, humidity, precipitation, pressure and visibility.

Turri’s Italian Foods (Fund II):  Detroit, MI-based co-manufacturer of IQF (“individually quick frozen”) pasta and rice products used as key ingredient components in retail packaged pastas, ready-to-eat meals, foodservice items and deli salads.

Four Add-On Acquisitions

Pillars Yogurt (add-on to Fund I platform Pasture Brands):  Clean label drinkable yogurts and plant-based yogurt cups.

Angelic Bakehouse Facility (add-on to Fund II platform Legacy Bakehouse):  42,000-square-foot facility in Cudahy, WI and production equipment.

Warren Pike (add-on to Fund II platform BSC Industries):  Value-added distributor of power transmission, motion control and fluid power products.

Morgan Construction Services (add-on to Fund I platform Argus Monitoring Solutions):  Provider of pre- and post-blast seismic monitoring and inspection services serving the construction sector.

Four Exits

Saco Foods (Pre-Fund): Shelf-stable food products holding company, with several niche market-leading brands.

Alpha Safety (Fund I): Highly engineered nuclear safety products and services including ventilation, containment, field services, advanced transportation containers and specialty filters.

Ray Allen Manufacturing (Pre-Fund): Manufacturer of military-grade K9 training gear including leads, collars, harnesses, muzzles and bite work gear.

Droplet Measurement Technologies (Pre-Fund): Provider of high-precision analytical atmospheric instrumentation used to measure cloud particles, black carbon, bioaerosols, fog and precipitation.

About Benford Capital Partners

Founded in 2004, Benford Capital is a Chicago-based private equity firm focused on buying and building leading lower middle market companies in partnership with founders and management. Since inception, Benford Capital has acquired more than 55 companies and currently owns 15 platform companies. BCP’s industry areas of focus include industrial technology, food and consumer products, agricultural products and services, and B2B e-commerce. For more information, please visit www.benfordcapital.com .