St. Louis, MO –
Capital For Business ® (“CFB”) is pleased to announce the successful sale of Watershield Industries, LLC (“Watershield) and our continued investment in the Company’s next phase of growth.
CFB initially invested in the Company in 2018 alongside B12 Capital Partners and Holleway Capital.
Following the sale, CFB is simultaneously participating in a new transaction to remain invested in the company, now in partnership with HKW Management, Siguler Guff & Company, and LongWater Capital Solutions.
Watershield is led by an accomplished leadership team and CFB is excited for the opportunity to continue supporting them as they build on Watershield’s strong momentum.
The Company, headquartered out of Salina, Kansas, manufactures and distributes an end-to-end offering of specialized flow control components, firefighting apparatus and complementary fire & rescue equipment, including functional-critical nozzles, valves, protective gear, fire & rescue equipment, and proprietary firefighting apparatus and test equipment. The Company serves municipal, wildland, and industrial end markets across North America through its multi-brand portfolio, which includes Weis Fire & Safety, S&H Products and C&S Supply.
David Hansen, CEO of Watershield Industries commented: “CFB has been a great partner over the past several years as we built Watershield into a platform serving critical fire and rescue applications across North America.” Brian Loflin, the company’s President stated: “We are excited to continue our partnership with CFB, alongside HKW, Siguler Guff, and LongWater, as we enter a new chapter of growth and continue investing in our people, our products, and our ability to support our customers.”
CFB Senior Vice President Bill Witzofsky noted, “Watershield has been a very good investment for CFB. The management team, led by CEO David Hansen and President Brian Loflin, have built a strong business. CFB is very selective when it comes to reinvesting in exited portfolio companies. We are excited to have the opportunity to invest along side HKW Management and the other investors in continuing to grow this business.”
About CFB
With over 50 years of history, CFB is a national private investment firm focused on providing capital to businesses with proven management teams and a high potential for growth. Our investment team, over their long history, have invested in more than 100 companies across a wide range of niche consumer, commercial, distribution, manufacturing, and service markets throughout the United States, and currently manages over $300 million of capital.
Advisors
Hennepin Partners served as financial advisor and Husch Blackwell LLP served as legal advisor to the sellers of Watershield.
HKW Management led the buyout, while Siguler Guff & Company, LP, and LongWater Capital Solutions provided equity and debt.