Silver Oak Services Partners Leads Acquisition of Tranzonic

Jul. 05, 2013 -Portfolio Company News

Silver Oak Services Partners announced it has led the acquisition of Tranzonic in partnership with management and co-investors.

Founded in 1933, Tranzonic is a leading distributor of disposable maintenance, cleaning and safety products to the “away-from-home” marketplace. The Company is headquartered in Cleveland, OH with a primary converting and distribution facility in Knoxville, TN and secondary facilities in Reno, NV and Miami, FL. Tranzonic distributes a variety of disposable sanitary and safety supplies including industrial wipers, toilet seat covers, gloves, feminine hygiene products, air care products, restroom supplies, sorbents and other safety products. Tranzonic leverages its value-added converting capabilities to sell niche market products. The Company goes to market through two distinct channels: Hospeco, which is a well-recognized brand in the jan-san space and which sells through distribution, and CCP, which focuses on the industrial wiper and safety market and sells direct to end-users through its field sales force. The Company has a differentiated business model with proprietary brands and global sourcing capabilities and is well-diversified across suppliers, customers and end-markets.

Silver Oak partnered with existing management on the transaction. “This transaction enables Tranzonic to move forward on the next phase of the Company’s development with a value-added partner and the capital resources necessary to grow our Company through both organic investments in sales and marketing and product development as well as through add-on acquisitions,” said Tranzonic CEO Ken Vuylsteke, who will continue to lead the Company.

“We are excited to partner with Ken Vuylsteke and the rest of the senior management team at Tranzonic. Tranzonic has a long history and is well respected within the away-from-home marketplace. We intend to leverage the Company’s strong reputation, while further investing in the product portfolio and sales force,” said Greg Barr, Managing Partner of Silver Oak. Tranzonic is actively looking for add-on acquisition opportunities.

Please contact Greg Barr or Wade Glisson 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 $3 million to $20 million.