Benford Capital Partners Announces the Sale of ENMET
Benford Capital Partners, LLC (“Benford Capital” or “BCP”), a Chicago-based private equity investment firm, is pleased to announce the sale of ENMET, LLC (“ENMET”) to Sagepeak Capital, LLC (“Sagepeak Capital”), a Boston-based private investment firm. The sale of ENMET represents another successful outcome for Benford Capital in the test and measurement industry, a core focus area in which the firm has made five investments.
Founded in 1970, ENMET (www.enmet.com) is a leading manufacturer of hazardous gas detection equipment for health, safety and medical applications. Benford Capital acquired ENMET in 2014 from the estate of founder, Dr. Verne Brown. Upon its investment, Benford Capital recruited Norm Davis and Jim Lemon as President and VP Finance, respectively.
“ENMET represents another example of Benford Capital’s operational focus on driving growth in a niche industrial technology company. In partnership with Norm Davis and Jim Lemon, we successfully built the sales team, developed new products, and completed the add-on acquisition of Sensora Corporation,” commented Edward Benford, Managing Director of BCP. “This exit to Sagepeak Capital is a great outcome for the team as well as the shareholders and we’re thrilled ENMET has found a supportive partner in the next chapter of its success.”
Benford Capital Partners, LLC is related to Benford Capital Partners Management, LP, an exempt reporting advisor, that recently closed its first fund with $130 million of Limited Partner commitments.
About Benford Capital Partners
Based in Chicago, Benford Capital Partners is an operationally oriented private equity firm focused on buying and building smaller, lower middle market companies in partnership with management. Benford Capital has deep experience helping businesses grow and thrive over the long-term, with a focus on industries where the firm has a successful investment track record and operating experience. For more information, please visit our website: www.benfordcapital.com