Evanston, IL – February 14, 2017
The Tranzonic Companies (“Tranzonic” or the “Company”), a portfolio company of Silver Oak Services Partners, LLC, announced today that it has acquired Adenna, LLC (“Adenna”). Headquartered in Ontario, CA, Adenna is a leading supplier of hand protection and related healthcare products to customers operating across an array of end markets in the U.S. and internationally.
Maxwell Lee, President of Adenna, commented, “Our strategic partnership with Tranzonic will enable us to accelerate growth for our business and the combined company. For our customers, becoming part of Tranzonic reinforces our commitment to providing high quality products and exceptional customer service that has characterized our company and employees since its founding.”
Tom Friedl, Chief Executive Officer of Tranzonic, said, “We are thrilled to partner with Adenna. Max and the rest of the Adenna team have built a stellar reputation in the industry and will add tremendous talent and operational capabilities to our organization. We look forward to working with the Adenna team to continue to grow the business.”
“Adding strong brands in growing product categories such as hand protection is a key component of Tranzonic’s long-term strategy,” said Greg Barr, Managing Partner of Silver Oak Services Partners. “We’re excited to build on our existing platform by adding a company of Adenna’s caliber with its strong reputation and strategic fit.”
Overview of Tranzonic
Headquartered in Cleveland, OH, Tranzonic is a leading supplier of disposable maintenance, cleaning, personal care and safety products to the “away-from-home” marketplace. The Company supplies a variety of disposable sanitary and safety supplies including gloves, industrial wipers, toilet seat covers, feminine hygiene products, air care products, restroom supplies, sorbents and other safety products used by customers in janitorial / office supply, healthcare, dentistry, automotive, foodservice, industrial, safety and a range of other end markets. The Company has a differentiated business model with proprietary brands and global sourcing capabilities and is well-diversified across suppliers, customers and end markets.
Please contact Tom Friedl of Tranzonic or Greg Barr or Andrew James of Silver Oak for additional information.
Silver Oak invests in business, consumer and healthcare services companies in the lower middle market, typically with EBITDA of $4 million to $20 million.
Silver Oak Services Partners, LLC
1560 Sherman Ave, Suite 1200
Evanston, IL 60201